Learning Outcomes

Introduction

Accounting Equation and Terminology

Accounting Assumptions, Standards, and Principles

Accounting Systems and Preparation of Reports

Balance Day Adjustments in the General Journal and Ledger

Lesson Summary

This accounting module dives into the terminology employed in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control is maintained. The accounting course explores the main financial statements including the profit and loss account, the balance sheet and the everyday adjustments that have to be made.

Fundamentals of Accounting - Assessment

Learn the basics of accounting principles and how to analyse financial accounts, with this free online course.

Fundamentals of Accounting

This free online course, updated in 2025, will guide you through the fundamentals of accounting in a clear and step-by-step manner. By the end of the course, you will have a much stronger understanding of the main financial statements used in accounting systems, including the profit and loss account and the balance sheet. The course will also guide you through important accounting terminology and principles. Get started today.

7 Best Technical Writing Courses to Master Documentation and Communication

Four Months After Unveiling Ambitious AI Roadmap, Udemy’s Co-founder CTO is Out

10 Best Organic Chemistry Courses for 2025

Udemy is “Intentionally Reducing” the Business That Made It Famous. It’s Not Working.

Coursera Announces Layoffs, Stock Plunges Despite $100M Milestone

FutureLearn’s 2021: Year in Review

30+ Holiday Discounts & Online Learning Deals

6 Best Node.js Courses in 2025

Udemy Earns More, Pays Instructors Less: Class Central Exclusive

6 Best Free OCaml Courses for 2025

[2025] 150+ Online Courses to Help Your Career

After Academia and Finance, Coursera Turns to Amazon for its Next CEO

10 Best Assembly Language Courses for 2025: Bare-Metal Programming

How Online Course Platforms Track Learners in 2022

6 Best Penetration Testing Courses in 2025

The Rise of AI Search: ChatGPT Surpasses DuckDuckGo, Threatens Bing