You will learn:

• The precise meaning of the essential accounting terms
• The purpose of the income statement, balance sheet and cash flow statement
• The differences between cash based and accrual based accounting
• The ‘revenue recognition’ principle and the ‘matching’ principle
• How depreciation, prepayments and bad debt are allowed for

 
Chapter 1 – Accounting Concepts and Conventions

Chapter 2 – Basic Accounting Concepts and Financial Statements

Chapter 3 – Cash Accounting

Chapter 4 – Accrual Accounting

Chapter 5 – Basic Accounting Terms

Chapter 6 – Revenue Recognition Principle

Chapter 7 – Matching Principle

Chapter 8 – Example Income Statement

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