Course Overview
Master the fundamentals of finance with Filozof’s basic accounting course in Abu Dhabi. Learn to record, track, and understand financial information. Gain essential business skills. Enroll today!
Assessments and Practical:
Case Studies:
Real-life scenarios for practical understanding
Quizzes and Tests:
Periodic assessments to test knowledge
Projects:
Comprehensive projects to apply learned concepts
Course Delivery:
Lectures: Theoretical understanding
Workshops: Practical applications
Discussion Sessions: Interactive learning and problem-solving
Online Resources: Access to additional reading materials and videos
Assessment: Regular tests and assignments to evaluate progress
Course Content
- Overview of Accounting:
Definition and purpose of accounting
Importance of accounting in business. - Types of Accounting:
Financial accounting
Managerial accounting. - Accounting Principles and Concepts:
Generally Accepted Accounting Principles (GAAP)
The Accounting Equation: Assets = Liabilities + Equity
- Introduction to Financial Statements:
The role and importance of financial statements. - Balance Sheet
Components: Assets, Liabilities, Equity
Preparation and analysis. - Income Statement:
Components: Revenues, Expenses, Net Income
Preparation and analysis. - Cash Flow Statement:
Components: Operating, Investing, and Financing Activities
Preparation and analysis. - Statement of Changes in Equity
Understanding equity changes over time
- Steps in the Accounting Cycle:
Identifying transactions
Recording transactions
Posting to the ledger
Preparing a trial balance
Adjusting entries
Preparing adjusted trial balance
Financial statement preparation
Closing entries - Recording Transactions:
Journal entries
T-accounts - Adjusting Entries:
Prepayments and accruals
Depreciation - Closing the Books:
Closing temporary accounts
Preparing post-closing trial balance
- Managing Receivables and Payables:
Accounts Receivable: Recording and managing
Accounts Payable: Recording and managing - Inventory Management:
Inventory valuation methods (FIFO, LIFO, Weighted Average)
Inventory record-keeping
- Purpose of Budgeting: Planning and control
- Types of Budgets: Operating budgets Capital budgets
- Preparing a Budget: Steps in budget preparation Variance analysis
- Importance of Ethics in Accounting: Ethical principles and standards
- Common Ethical Issues: Fraud Misrepresentation
- Ensuring Ethical Compliance: Codes of conduct Role of professional bodies
FAQs
The Basic Accounting course provides an introduction to fundamental accounting principles and practices. It equips learners with the essential skills needed to understand financial statements, manage bookkeeping, and analyse financial data.
This course is ideal for individuals with little to no accounting experience, including small business owners, professionals seeking to enhance their financial literacy, and anyone interested in gaining a foundational understanding of accounting.
The duration varies depending on the course provider, but most Basic Accounting courses can be completed within a few weeks. The course is often delivered over a set number of hours, either online or in-person, at your own pace.
Assessments typically include a combination of quizzes, assignments, and practical exercises. Some courses may also have a final exam to test your understanding of key accounting concepts.
Upon completing the course, you will have a solid understanding of basic accounting principles, enabling you to:
- Manage personal or business finances more effectively
- Interpret and prepare financial statements
- Ensure compliance with basic taxation and financial regulations
- Enhance your employability by adding accounting skills to your CV
Yes, many providers offer the Basic Accounting course online, allowing you to study at your own pace and convenience. There are also in-person options available at certain institutions.
Yes, most providers offer a certificate of completion once you successfully finish the course. Ensure that the certificate is issued by an accredited provider if you wish to use it for professional or academic purposes.
While this is a beginner-level course, it serves as a foundation for further studies in accounting and finance. It can lead to entry-level roles such as Accounts Assistant, Bookkeeper, or Finance Clerk, and provides the groundwork for more advanced qualifications in accounting.
