0404 Accounting Principles

Part of the Accounting Section of the CEA Curriculum


Accounting principles guide the way transactions are recorded and reported.  For many, the ways of accountants seem distant and indecipherable.  This course makes accounting principles accessible and easy to understand.  It begins with a review of the basic assumptions and foundations upon which accounting is built, and systematically covers the ways accountants deal with different real life transactions.

Learning Objectives:
After completion of this course, you will be able to:

  • Understand the foundations of accounting theory
  • Grasp the basic accounting principles applicable to most small business transactions
  • Appreciate how the choice of accounting options arises from accounting principles
  • Perceive how the choice in accounting options affects the balance sheet and income statement.

Course Curriculum

Understanding Accounting Principles 00:10:00
Accrual Accounting 00:04:00
Gaap Accounting 00:07:00
Basic Accounting Principles Explored 00:14:00
The Accrual Method 00:06:00
Financial Statements and Accounting Principles 00:04:00
Looking at the Balance Sheet and Accounts Recievable 00:21:00
Inventory 00:35:00
Fixed Assets and Other Assets 00:24:00
The Liabilities Section 00:17:00
The Equity Section 00:08:00
The Income Statement 00:15:00
Other Accounting Issues 00:19:00

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  • Price Options +
  • 1 year
  • Course Certificate
  • Program Level: Fundamentals/Beginner

    251 minutes | CPE = 5 units

    Field of Study: Accounting

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