Finance and Accounting
Bookkeeping for Small Business
Keep clean, audit-ready books. Record income and expenses, reconcile accounts, and produce reports that keep your business…
USD 39
Financial Accounting Fundamentals
Record transactions with debits and credits, complete the accounting cycle and prepare and read an income statement, balance sheet and cash flow statement.
About this course
Understand the language of business. Learn debits and credits, the accounting cycle, and how transactions flow into accurate financial statements.
What you will learn
- Explain the accounting equation and use it to analyse the effect of any business transaction.
- Record transactions as balanced journal entries and post them to ledger accounts.
- Prepare a trial balance, find common errors and make month-end adjusting entries.
- Prepare an income statement, balance sheet and cash flow statement from adjusted records.
- Trace how the three financial statements connect and use ratios to interpret them.
- Close the books for a period, including bank reconciliations and closing entries.
Curriculum
Module 1Accounting Foundations4 lessons
- 1The Language of Business Free preview
- 2The Accounting Equation
- 3Double-Entry Bookkeeping Logic
- 4The Chart of Accounts
- QModule quiz (4 questions)
Module 2Recording Transactions4 lessons
- 5Journals and Ledgers
- 6Debits and Credits Demystified
- 7The Trial Balance
- 8Adjusting Entries
- QModule quiz (4 questions)
Module 3Financial Statements4 lessons
- 9The Income Statement
- 10The Balance Sheet
- 11The Cash Flow Statement
- 12How the Statements Connect
- QModule quiz (4 questions)
Module 4Using Accounting3 lessons
- 13Accruals vs Cash Accounting
- 14Closing the Books
- 15Course Project: Full Accounting Cycle
- QModule quiz (4 questions)
PFinal project: Complete Accounting Cycle for Tumaini Supplies Ltd
Who this course is for
- Small business owners who want to understand and check their own accounts.
- Students and career changers starting out in accounting, finance or bookkeeping.
- Managers and entrepreneurs who need to read financial statements with confidence.
Requirements
- A computer or tablet with a spreadsheet program such as Microsoft Excel or Google Sheets.
- Basic arithmetic; no previous accounting knowledge is needed.
What is included
Written lessons
15 lessons, each with a practical exercise and key points to remember.
Module quizzes
A short quiz at the end of each module. Pass mark 70%, and you can retake it.
Final project
Complete Accounting Cycle for Tumaini Supplies Ltd. A practical brief with steps and a way to check your own work.
Certificate
A certificate of completion from EMFAD Courses with a unique code anyone can verify.
How the certificate works
Complete every lesson and pass every module quiz with 70% or more. Your certificate then appears in your learner area, ready to print or save as PDF. It shows your name, the course title, the completion date and a unique code. It is a certificate of completion from EMFAD Courses, not an accredited qualification.
More in Finance and Accounting
All →Finance and Accounting
Budgeting and Cash Flow Management
Never run out of cash. Build practical budgets, forecast cash flow, and manage working capital to keep your finances stable…
USD 39
Finance and Accounting
Corporate Finance Essentials
Make smart financial decisions. Cover capital budgeting, cost of capital, valuation, and risk to evaluate projects and…
USD 39