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Financial Accounting

Financial accounting is the process of recording, summarizing, and reporting the financial transactions of a business. It involves the preparation of financial statements, such as the balance

5.0 (4 Reviews) 3 Students Beginner Last Updated Aug 2024

Created by YouTube

What you'll learn

  • Fundamental Accounting Principles: Understanding the basic concepts and principles that underpin financial accounting, including the double-entry system, the accounting equation, and the accrual basis of accounting.
  • Financial Statements: How to prepare and interpret key financial statements, including the balance sheet, income statement, and cash flow statement. Students will learn what each statement represents and how they interconnect to reflect a company’s financial performance and position.
  • Recording Transactions: The process of recording financial transactions in journals and ledgers, using debits and credits, and ensuring accuracy in financial reporting.
  • Adjusting Entries: Understanding how to make adjusting entries for items such as depreciation, accrued expenses, and prepaid expenses to ensure that financial statements are accurate at the end of an accounting period.

Course Curriculum

1 sections · 1 Lectures

Financial Accounting 11:58:24

Instructors

YouTube
YouTube
46 Courses 1,271 Students 4.71 (96 Reviews)

Student feedback

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