Dive into the essential concepts of accounting with our Applied Accounting course, designed to provide you with a solid theoretical foundation in the discipline. Whether you are new to the field or looking to deepen your understanding, this course offers comprehensive insights into the key pillars of accounting. From mastering financial reporting in commerce to understanding the nuances of cost and management accounting, Applied Accounting ensures that you grasp the intricacies of accounting without the need for hands-on practice. Explore the theoretical limitations and frameworks within which accounting operates, empowering you to critically evaluate financial practices in various organizational settings. By the end of this course, you’ll have a strong conceptual grasp of Applied Accounting that will serve as the bedrock for any future financial studies or accounting applications.
Learning Outcomes
After studying the course materials of the Applied Accounting there will be a written assignment test which you can take either during or at the end of the course. After successfully passing the test you will be able to claim the pdf certificate for £4.99. Original Hard Copy certificates need to be ordered at an additional cost of £8.
This Applied Accounting does not require you to have any prior qualifications or experience. You can just enrol and start learning.This Applied Accounting was made by professionals and it is compatible with all PC’s, Mac’s, tablets and smartphones. You will be able to access the course from anywhere at any time as long as you have a good enough internet connection.
Module 01: Accounting and Reporting in Commerce | |||
Definition of Accounting | 00:02:00 | ||
Accounting Principles | 00:03:00 | ||
Accounting Equation | 00:01:00 | ||
Accounting Cycle | 00:02:00 | ||
Double Entry Accounting | 00:04:00 | ||
Assets | 00:02:00 | ||
Liabilities | 00:02:00 | ||
Capital | 00:04:00 | ||
Accounting Conventions | 00:02:00 | ||
IFRS and GAAP | 00:02:00 | ||
Module 02: Financial Accounting Part 01 | |||
Financial Accounting | 00:01:00 | ||
Financial Statements – Applications and Use | 00:02:00 | ||
Profit and Loss Statement – Income Statement | 00:02:00 | ||
Multi-step Income Statement | 00:02:00 | ||
Expenses | 00:02:00 | ||
Profit before Tax and EBITDA | 00:02:00 | ||
Input to Depreciation Accounting | 00:03:00 | ||
Depreciation Journal Entries | 00:01:00 | ||
Balance Sheet – Assets and Liabilities Statements | 00:03:00 | ||
Inventories | 00:01:00 | ||
Liability Accounts | 00:02:00 | ||
Total Liabilities and Equity | 00:01:00 | ||
Module 03: Financial Accounting Part 02 | |||
Permanent and Cyclical Working Capital | 00:02:00 | ||
Forms of Working Capital Financing | 00:03:00 | ||
Determinants of Working Capital | 00:02:00 | ||
Cash Flow Statements – Operational and Reporting Formats #1 | 00:04:00 | ||
Cash Flow Statements – Operational and Reporting Formats #2 | 00:01:00 | ||
Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) | 00:02:00 | ||
Cash Flow Return on Investment (CFROI) | 00:01:00 | ||
Key Ratio Analysis – Short Term Acid Tests & Long Term Viability | 00:05:00 | ||
Module 04: Management & Cost Accounting | |||
Management and Cost Accounting | 00:03:00 | ||
What is Cost Accounting? | 00:01:00 | ||
Material, Labour and Overhead Costing | 00:02:00 | ||
Process Costing, Job Costing and Batch Costing | 00:03:00 | ||
Job Costing | 00:04:00 | ||
Activity Based Costing – Lean Operations | 00:03:00 | ||
Steps in Developing and Activity – Based Costing System | 00:02:00 | ||
Benefits and Limitations of Activity-Based Costing | 00:02:00 | ||
Standard Costing and Variance | 00:02:00 | ||
Standard Costing in GAAP and IFRS | 00:04:00 | ||
Responsibilities for Variances | 00:01:00 | ||
Module 05: Limitations of Accounting | |||
Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis | 00:03:00 | ||
Uncertainties and Quality of Input Data | 00:02:00 | ||
Break-Even Chart | 00:04:00 | ||
Inventory Management– Raw, Work in Progress (WIP) & Finished Goods | 00:02:00 | ||
Reorder Point, Lead Time and Safety Stock | 00:03:00 | ||
Budgeting & Capital Investment – Revex & Capex | 00:04:00 | ||
Limitations of Accounting – Financial Reporting | 00:03:00 | ||
Intangibles, Human Capital & Goodwill – Recognition and Valuation | 00:01:00 | ||
Goodwill | 00:02:00 | ||
Audit – Internal & External | 00:03:00 |
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