Key accounting concepts, common transaction in a business environment and construction of financial statements
By the end of this course, you should have a solid understanding of key financial concepts including the various components of accrual accounting, what debits and credits are and how they function on the accounting equation.
You should have a good understanding of some of the most common types of financial transactions that take place in a business environment, how they are recorded and their impact on overall financials.
You should have an understanding of how the trial balance, profit & loss, balance sheet and cash flow statement are constructed from financial transactions and you should be able to build these financial reports yourself without the help of accounting software.
Accounting Guru
Jason is a Charted Management Account and Certified Public Accountant (CPA) of Australia who has over fifteen years of financial services experience in England and Switzerland in banking and real estate. After his move to Australia, he spent three years working as a lecturer and course designer in the fields of accounting and general business studies. Prior to his move to Australia, he worked as a consultant for a college, designing and rolling out learning programs across South Africa. Programs included simulated work environments to satisfy the work experience requirements of accounting institutes with which students were registered. He set up a non profit organization in South Africa to uplift mathematics and language education standards in rural areas.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
