Financial Accounting

Beginner

Created by YouTube Last Updated August 7, 2024 7:23 PM

Accounting Principles: Fundamental concepts and principles like double-entry bookkeeping, accrual accounting, and the matching principle.
Financial Statements: How to prepare and interpret key financial statements, including the balance sheet, income statement, and cash flow statement.
Transaction Recording: Methods for accurately recording and classifying financial transactions in journals and ledgers.
Adjustments and Closing Procedures: Techniques for making necessary adjustments and closing the books at the end of an accounting period.
Compliance and Reporting: Understanding regulatory requirements and how to ensure financial reports comply with accounting standards (such as GAAP or IFRS).
Analysis and Interpretation: Skills for analyzing financial statements to assess an organization’s financial health and performance.