O Level 7707 Accounts/IGCSE 0452 Accounting Basics by ARD in English
What you will learn
What are Transactions
Business / Source Documents as a proof of transaction
What are Assets, Liabilities and Capital
What is Accounting Equation
What is Debit and Credit in Double Entry System
Types of Discounts (Trade vs Cash Discount)
What are Books of Prime (Original Entry)
What is Ledger and How many types of Ledgers are there
What is a trial balance and why should we make one
Why take this course?
### **Course Overview:**
Embark on a journey to master the fundamentals of accounting with our comprehensive online course, *O Level 7707 Accounts/IGCSE 0452 Accounting Basics by ARD*. This course is meticulously designed for students and professionals aiming to grasp the core principles of accounting, from understanding the double-entry system to interpreting financial statements. With a focus on clarity and practical application, this course will equip you with the essential knowledge required to navigate the world of finance with confidence.
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### **What You Will Learn:**
π **Course Content:**
– **The fundamentals of accounting:** Dive into the distinction between book-keeping and accounting, exploring their roles in financial management and profit analysis. Get to grips with fundamental accounting terms and master the accounting equation as the foundation of financial reporting.
– **Sources and recording of data:** Delve deep into the intricacies of the double entry systemβthe bedrock of accurate financial record-keeping. Learn how to process information in ledger accounts, understand the division of the ledger, and become familiar with the various business documents that serve as crucial sources of information for accounting purposes.
– **Verification of accounting records:** Gain insights into the processes of ensuring the integrity of financial records, including the preparation and analysis of trial balances to check for errors and discrepancies before finalizing accounts.
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**Key Course Outcomes:**
– Develop a comprehensive understanding of accounting principles, purposes, and techniques for individuals, businesses, and organizations.
– Enhance your numeracy and literacy skills, along with communication and interpretation abilities in a financial context.
– Cultivate accuracy, orderliness, and logical thinking through practical exercises and real-world scenarios.
– Establish an excellent foundation for pursuing advanced accounting studies.
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### **Course Aims:**
– To enable students to understand the role of accounting within different economic entities and society.
– To introduce students to key accounting concepts, principles, techniques, procedures, and terminology.
– To improve students’ skills in numeracy, literacy, communication, enquiry, presentation, and interpretation, specifically within the field of finance.
– To foster the development of accuracy, orderliness, and logical thinking through practical financial analysis and problem-solving.
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### **Course Structure:**
**Module Breakdown:**
1. **The fundamentals of accounting**
– Purpose of accounting
– The accounting equation
2. **Sources and recording of data**
– The double entry system of book-keeping
– Business documents
– Books of prime entry
3. **Verification of accounting records**
– The trial balance
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Join us on this enlightening path to understanding accounting, where every step is designed to build upon the last, leading you towards a more analytical and financially savvy individual. With ARD’s expert guidance, you’re not just learningβyou’re mastering the language of business. πΌβ¨
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Enroll now and take control of your financial future! Let ARD guide you through the world of O Level 7707 Accounts/IGCSE 0452 Accounting with precision, clarity, and expertise. This is the perfect opportunity to elevate your accounting skills to a whole new level. πβ