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