This is a online course is to gain fundamental understanding of Accounting. The aim is to gain understanding of all the important concepts in accounting. The tutorials will help you learn about the three most important financial statements such as the income statement, balance sheet and cash flows.
Accounting is the art of systematic and comprehensive recording, summarizing, reporting, and analyzing financial transactions of a business. Accounting provides the base upon which daily and long-term decisions could be made as it helps to know where the company stands in terms of wealth, profitability and liquidity. The financial statements summarize a company’s operations, financial position and cash flows over a particular period and generate reports that help the company’s management take informed decisions to keep the business financially healthy.