Accounting – Knowness

Accounting is a system of recording, analyzing, and interpreting financial transactions and information of a business or organization. It involves the process of summarizing financial data and presenting it in a form that is understandable and useful for decision-making.

Course Content

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Introduction to Accounting 3 Topics | 1 Quiz Sample Module

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What is Accounting?

Purpose and Importance of Accounting

Types of Accounting

History of Accounting 3 Topics | 1 Quiz

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Early Accounting Practices

Accounting in the Industrial Revolution

20th Century Accounting Developments

The Accounting Cycle 4 Topics | 1 Quiz

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Steps in the Accounting Cycle

Journalizing Transactions

Posting to Ledgers

Preparing a Trial Balance

Financial Statements 3 Topics | 1 Quiz

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Income Statement

Statement of Cash Flows

Analyzing Financial Statements 3 Topics | 1 Quiz

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Common-Size Analysis

Accounting Principles and Concepts 4 Topics | 1 Quiz

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Accrual Basis Accounting

Matching Principle

Revenue Recognition Principle

Managerial Accounting 2 Topics | 1 Quiz

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Cost-Volume-Profit Analysis

Inventory Valuation 4 Topics | 1 Quiz

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Introduction to Inventory Valuation

Methods of Inventory Valuation

Effect of Inventory Valuation on Financial Statements

Inventory Valuation Issues and Challenges

Depreciation and Amortization 4 Topics | 1 Quiz

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Introduction to Depreciation and Amortization

Methods of Depreciation and Amortization

Effect of Depreciation and Amortization on Financial Statements

Depreciation and Amortization Issues and Challenges

Budgeting 5 Topics | 1 Quiz

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Introduction to Budgeting

Types of Budgets

Budget Preparation and Review

Budgetary Control and Variance Analysis

Budgeting Issues and Challenges

Future of Accounting 2 Topics

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Technological Advancements in Accounting

Automation in Accounting

Careers in Accounting 3 Topics

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Types of Accounting Careers

Job Opportunities in Accounting

Tips for Success in the Field

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