0984 - Accounting: The Fundamentals

Course Description

Whatever business you're in, this course will ground you in the basics of financial accounting. You'll start with an introduction to basic financial statements, then move through the accounting cycle and the notion of debit and credit. You'll learn how to measure and report financial transactions and apply accounting theory. You'll end the course knowing what questions to ask about a company's financial statements and how to make better business decisions based on sound analysis.

Learning Outcomes

• Understand the purpose, nature and basic functions of accounting.
• Measure and record financial transactions.
• Prepare and analyze financial statements using accepted international standards.
• Develop an appreciation for internal control systems.

This course is recognised by the following association(s). Click on the association name for details.

• Canadian Payroll Association (CPA)
• Association of Administrative Professionals (AAP)
• CITT
• Credit Union Institute of Canada (CUIC)
• Risk and Insurance Management Society (RIMS)
• Credit Institute of Canada (CIC)
• Chartered Professional Accountants of Ontario (CPA Ontario)

This course may be applied towards the SCS Certificate(s) in

• Business Management : Required Courses
• Professional Accounting: Core Level : Required Courses