Accounting Fundamentals: Principles, Transactions & Financial Statements

In this course, you will develop a solid foundation in the essential tools, principles, and techniques of accounting and financial management, with a focus on making effective business decisions across different industries. You will explore both financial and managerial accounting, learning how to interpret, analyze, and apply accounting information to support operational efficiency, financial health, and strategic planning in any organizational context. Modules Module 1 – Accounting Principles and the Regulatory Environment Introduces core accounting concepts, generally accepted standards (GAAP, IFRS), and the ethical framework guiding accurate and transparent financial reporting. Module 2 – Recording Business Transactions Explains the accounting equation, the double-entry system, and the mechanics of recording, classifying, and summarizing financial transactions in journals and ledgers. Module 3 – Financial Statements Describes the structure and purpose of the income statement, balance sheet, and cash flow statement, and explores how these statements relate to each other.