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OpenLearning

Accounting for Business - An introduction (J5FN47)

via OpenLearning

Overview

Learn fundamental accounting principles and practices essential for business operations through this introductory course. Master the process of creating accurate quotations for potential customers while incorporating appropriate profit margins and cost considerations. Develop skills in inventory control documentation and valuation methods to ensure proper inclusion of inventory values in financial statements. Gain hands-on experience in maintaining comprehensive bookkeeping records that form the foundation of any business's financial system. Build competency in preparing basic financial statements from raw accounting data, focusing on internal reporting needs that support management decision-making and business planning.

Syllabus

  • Produce a quotation for a potential customer, building in the required level of profit
  • Complete inventory control documentation and arrive at a value for inclusion in the financial statements
  • Prepare bookkeeping records for a business
  • Prepare basic financial statements from accounting information for internal use

Taught by

ASGS

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