This Accounting Basics course is designed to provide a solid foundation in financial accounting for students, beginners, and aspiring finance professionals. You will start by understanding the fundamental accounting definitions and core concepts, including income statements, statements of retained earnings, and balance sheets. The course introduces the rules of debits and credits and guides you through journal entries, adjusting entries, and closing entries with detailed examples and comprehensive problems.

Bank reconciliations, accounts receivable, and the allowance for doubtful accounts are covered in depth to ensure accurate financial reporting. Inventory accounting methods, including FIFO and weighted average, are explained with practical examples. The course also teaches different amortization methods—straight-line, units of production, and double declining balance—alongside accounting for the sale of capital assets.

Advanced topics include accounting for bonds at discounts and premiums, as well as preparing and analyzing cash flow statements using both direct and indirect methods. By the end of this course, learners will confidently create and interpret key financial statements, apply accounting principles in real-world scenarios, and understand the mechanics behind core accounting operations.