Fundamentals of Accounting Part One

Part I - PRELIMINARIES
Introduction to Accounting
4 Topics | 1 Quiz
Definition of Accounting
Nature, Activities and Functions of Accounting
History of Accounting
Lesson Summary and Quiz
Branches of Accounting
4 Topics | 1 Quiz
Main Branches of Accounting
Other Fields of Accounting
Certifications and Career Opportunities
Lesson Summary and Quiz
Users of Financial Information
2 Topics | 1 Quiz
Users of Financial Information
Lesson Summary and Quiz
Forms of Business Organizations
2 Topics | 1 Quiz
Business Organizations
Lesson Summary and Quiz
Business Activities and Transactions
3 Topics | 1 Quiz
Business Activities
Business Transactions
Lesson Summary and Quiz
PART II - ACCOUNTING PRINCIPLES AND ASSUMPTIONS
Overview of the Conceptual Framework for Financial Reporting
2 Topics
Frameworks
Lesson Summary and Quiz
Assumptions, Concepts, and Principles
2 Topics
Assumptions and Principles
Lesson Summary and Quiz
Financial Statements
3 Topics | 1 Quiz
Information Consideration and Needs
General Purpose Reports
Lesson Summary and Quiz
Standard Setting
3 Topics | 1 Quiz
Nature and Importance of Standards
Evolution and Standard Setting Organizations
Lesson Summary and Quiz
Qualitative Characteristics of Useful Financial Information
Elements of Financial Statements
6 Topics
Nature and Importance
Elements of Financial Position
Elements of Performance
Information About Cash Flows
Knowledge Check
Lesson Summary and Quiz
PART III - ACCOUNTING PROCESS
Accounting Equation
Accounts
Analysis of Transactions
Rules of Debit and Credit
Accounting Cycle
Adjusting Entries
Preparation of Financial Statements
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Preparation of Financial Statements

Fundamentals of Accounting Part One Preparation of Financial Statements
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