BASIC ACCOUNTING AND ECONOMICS
About Course
Unlock the world of financial literacy with our comprehensive “Fundamentals of Basic Accounting and Economics” course. Tailored for beginners and those seeking to refresh their knowledge, this course lays down the essential principles of accounting and the foundations of economic theory in a clear, approachable manner.
Dive into the basics of accounting, learning about key concepts, terminology, and the principles that govern financial record-keeping. Understand the structure and interpretation of crucial financial statements, including income statements, balance sheets, and cash flow statements. This knowledge is vital in assessing the financial health of a business, guiding financial planning, and aiding strategic decision-making.
In parallel, the course introduces you to the core concepts of economics. Grasp the principles of supply and demand, delve into the significance of market structures, and uncover how economic indicators impact the business world and personal finance. Understand the interplay between microeconomics and macroeconomics and how they shape global financial landscapes.
Whether you’re an aspiring entrepreneur, a student stepping into the world of finance, or a professional aiming to bolster your financial decision-making skills, this course offers valuable insights and practical knowledge. With a focus on real-world application, the course is designed to make complex accounting and economic concepts accessible and engaging.
Embrace this opportunity to gain a robust understanding of basic accounting and economics, setting a strong foundation for your financial journey. Enroll now and start your path to becoming proficient in the language of business and economics!
Course Content
CHAPTER ONE: HISTORICAL DEVELOPMENT OF ACCOUNTING
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Introduction
09:45 -
Evolution of Accounting
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Old Methods and Machines Used in Accounting
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Use of Computers in Accounting
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Spreadsheet
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General Ledger
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Accounts Receivable
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Accounts Payable
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Inventory Control
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Payroll Controls
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Point of Sale
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Purchasing and Receiving
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Time and Billing Module