Advance Accounting

Contents

• Part 1: Welcome to the World of Accounting

• Accounting Information

• The Accounting Profession and Careers

• The Fundamental Accounting Equation

• How Transactions Impact the Accounting Equation

• The Core Financial Statements

• Part 2: Information Processing

• Accounts, Debits and Credits

• The Journal

• The General Ledger

• The Trial Balance

• Computerized Processing Systems

• T-accounts

• Part 3: Income Measurement

• "Measurement Triggering” Transactions and Events

• The Periodicity Assumption

• Basic Elements of Revenue Recognition

• Basic Elements of Expense Recognition

• The Adjusting Process and Related Entries

• Accrual- Versus Cash-Basis Accounting

• Part 4: The Reporting Cycle

• Preparing Financial Statements

• The Accounting Cycle and Closing Process

• Reversing Entries

• Classified Balance Sheets

• Business Liquidity and the Operating Cycle

Certifications: 

• KHDA stamped course completion certificate will be provided.