List of concepts
Duration: 3h
- Definition and purpose of accounting
- Financial accounting, management accounting and tax accounting
- Accounting vs. financial management
- Generally accepted accounting principles (GAAP)
- The concepts and expected qualities of accounting information
- International Financial Reporting Standards (IFRS)
- Accrual versus cash basis of accounting
- Accounting equation
- Accounting convention (Debit/Credit concept)
- Financial statements (balance sheet, income statement, cash flow statement)
- Assets / Liabilities / Equity
- Revenues / Expenses
- Difference between accounts receivable and revenues
- Chart of accounts and numbering
- General ledger
- Different journals (General Journal, Purchases Journal, Disbursements Journal, Sales Journal, Receipts Journal)
- Journal entries
- Trial balance
- Financial ratios
- Tax application principles
- Tax calculations
- Cycle from invoice posting to payment
- Bad debts
- Bookkeeping
- Bank reconciliation
- Amortization
- Etc.
