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categories: Business Management

Business
Management
Analytics
SDG 8: Decent Work and Economic Growth

Introduction to Accounting and Financial Statements

Duration: 2 h 45 m / 32 lessons

Level: General

Course Language: Arabic

By the end of this course, you will be able to

  • Understand essential terms and concepts necessary to comprehend the language of accounting and recognize the different stakeholders involved in the financial performance of institutions.

  • Understand the classifications and types of institutions, how they impact accounting and comprehend the importance of accounting standards in regulating financial operations and apply the accounting equation in analyzing business transactions.

  • Identify the different types of financial statements, gain skills in analyzing and recording business transactions and understand how to record transactions using the double-entry system.

  • Learn how to record transactions in accounting books, prepare a trial balance and understand the difference between cash-basis and accrual-basis accounting.

  • Learn about adjusting entries and how to calculate depreciation, properly prepare financial statements and record fixed assets and calculate depreciation using different methods.

  • Understand methods for estimating production costs and recording inventory transactions and gain skills in financial ratio analysis to measure financial performance in addition to measure and analyze an institution's profitability and skills in analyzing investment performance.

Course details

  • 2 h 45 m/32 lessons
  • Last updated: 10/5/2022
  • Course completion certificate

Course Content

Free lessons

1.

The Accounting Equation

7 Minutes
2.

Financial Statements: A Brief Overview 1

3 Minutes
3.

Trial Balance

3 Minutes
4.

Financial Ratios

3 Minutes

About this course

Are you interested in grasping the fundamentals of accounting and confidently analyzing financial statements to enhance your business management skills? Join the "Introduction to Accounting and Financial Statements" course, specifically tailored for individuals without a background in accounting. The course commences with an exploration of accounting as the language of business and an introduction to the stakeholders involved in financial performance. You will delve into different types of institutions and the role of accounting standards in regulating financial operations. Gain an understanding of the accounting equation and its application in analyzing business transactions. The course offers a comprehensive overview of reading and analyzing financial statements, including income statements, balance sheets, and cash flow statements. This knowledge will enable you to comprehend the financial position of any company, better evaluate its performance, and make well-informed financial decisions based on these analyses. You will become familiar with key accounting terminology and the principles of financial accounting, equipping you to effectively communicate with accountants and financial professionals. Practical examples are provided throughout the course to facilitate the application of learned concepts in a real work environment and to assess your understanding of the material presented. Upon completion of this course, you will have acquired the skills necessary to confidently understand and analyze financial statements, thereby enhancing your managerial capabilities and enabling you to make informed financial decisions. Enroll now and receive a completion certificate to boost your career prospects. With your subscription, you will gain access to over 1,000 educational courses, providing a wide range of premium educational resources.

Course requirements and prerequisites

There are no requirements for this course. Your interest in the topic and your commitment to learning are all you need to achieve the utmost benefit from this course.

Mentor

Introduction to Accounting and Financial Statements

Duration: 2h 45m / 32 lessons
Level: General
Course Language: Arabic