Principles of Accounting — Course Overview
Course Description Principles of Accounting introduces foundational accounting concepts, techniques, and systems used to record, summarize, and interpret financial information for business decision-making. This course covers the accounting cycle for sole proprietorships, partnerships, and corporations; preparation and analysis of financial statements; the role of internal controls; basics of cash and accrual accounting; and fundamental concepts in accounting for assets, liabilities, equity, revenues, and expenses.
Learning Outcomes By the end of this course, students will be able to:
Explain core accounting concepts and the purpose of financial reporting.
Apply the accounting cycle: journalizing, posting, preparing trial balances, adjusting entries, and closing entries.
Prepare and interpret the primary financial statements: income statement, statement of retained earnings, balance sheet, and statement of cash flows.
Record and account for cash, receivables, inventories, prepaid expenses, property, plant, and equipment, and intangible assets.
Account for current and long-term liabilities, notes payable, and bonds.
Understand equity transactions for sole proprietorships, partnerships, and corporations, including issuance of stock and dividends.
Use basic tools for financial statement analysis, including ratio analysis and common-size statements.
Recognize ethical considerations and the importance of internal controls in safeguarding assets and ensuring accurate reporting.
Course Topics
Introduction to Accounting and Financial Statements
The Accounting Cycle and Recording Business Transactions
Adjusting Entries and Preparing Financial Statements
Cash and Internal Controls
Receivables and Revenue Recognition
Inventories and Cost Flow Methods (FIFO, LIFO, Weighted Average)
Property, Plant, Equipment and Depreciation Methods
Intangible Assets and Amortization
Current Liabilities and Contingencies
Long-term Liabilities and Interest Calculations
Stockholders’ Equity, Issuance of Stock, and Dividends
Statement of Cash Flows and Cash Flow Analysis
Financial Statement Analysis and Key Ratios
Accounting Ethics and Internal Control Frameworks (e.g., COSO)
Introduction to Managerial and Cost Accounting Concepts (overview)
Course Format and Materials
Delivery: Online, instructor-led modules with video lectures, readings, demonstrations, and guided practice problems.
Materials: Digital textbook excerpts, lecture slides, worked examples, and downloadable templates for journal entries and financial statements.
Assignments: Weekly problem sets, case studies, and practical bookkeeping exercises.
Assessments: Quizzes after each module, midterm exam, and final exam featuring multiple-choice questions and problem-solving tasks.
Software: Introduction to common accounting software interfaces and spreadsheet-based practice (Excel).
Assessment and Grading
Module quizzes: 25%
Homework and practice problems: 25%
Midterm exam: 20%
Final exam: 25%
Participation and discussion contributions: 5%
Prerequisites None required. Basic computer literacy and familiarity with arithmetic and elementary algebra are recommended.
Who Should Enroll
Aspiring accountants and bookkeepers seeking a thorough foundation.
Small business owners and entrepreneurs who want to manage or understand financial records.
Students preparing for intermediate accounting or business majors.
Professionals in nonfinancial roles who need to interpret financial statements.
Instructor Support and Student Resources
Weekly office hours with the instructor via video conference.
Discussion forums monitored by teaching assistants.
Step-by-step solution guides for selected problems.
Quiz remediation and targeted practice modules for weak areas.
Certificate Upon successful completion, students receive a Certificate of Completion from Mubarak Institute of technology
You will receive your login credentials and course access code by email within 24–48 hours after purchase. Please check your inbox and spam folder. This course requires a separate $129.99 materials and access fee paid directly to the provider before starting. All sales are final. No refunds. However, the platform offers a 14-day trial period with the content. If the course is not to your liking, you may switch to a different course during that time — but no monetary refunds will be issued.
Principles of Accounting — Course Overview
Course Description Principles of Accounting introduces foundational accounting concepts, techniques, and systems used to record, summarize, and interpret financial information for business decision-making. This course covers the accounting cycle for sole proprietorships, partnerships, and corporations; preparation and analysis of financial statements; the role of internal controls; basics of cash and accrual accounting; and fundamental concepts in accounting for assets, liabilities, equity, revenues, and expenses.
Learning Outcomes By the end of this course, students will be able to:
Explain core accounting concepts and the purpose of financial reporting.
Apply the accounting cycle: journalizing, posting, preparing trial balances, adjusting entries, and closing entries.
Prepare and interpret the primary financial statements: income statement, statement of retained earnings, balance sheet, and statement of cash flows.
Record and account for cash, receivables, inventories, prepaid expenses, property, plant, and equipment, and intangible assets.
Account for current and long-term liabilities, notes payable, and bonds.
Understand equity transactions for sole proprietorships, partnerships, and corporations, including issuance of stock and dividends.
Use basic tools for financial statement analysis, including ratio analysis and common-size statements.
Recognize ethical considerations and the importance of internal controls in safeguarding assets and ensuring accurate reporting.
Course Topics
Introduction to Accounting and Financial Statements
The Accounting Cycle and Recording Business Transactions
Adjusting Entries and Preparing Financial Statements
Cash and Internal Controls
Receivables and Revenue Recognition
Inventories and Cost Flow Methods (FIFO, LIFO, Weighted Average)
Property, Plant, Equipment and Depreciation Methods
Intangible Assets and Amortization
Current Liabilities and Contingencies
Long-term Liabilities and Interest Calculations
Stockholders’ Equity, Issuance of Stock, and Dividends
Statement of Cash Flows and Cash Flow Analysis
Financial Statement Analysis and Key Ratios
Accounting Ethics and Internal Control Frameworks (e.g., COSO)
Introduction to Managerial and Cost Accounting Concepts (overview)
Course Format and Materials
Delivery: Online, instructor-led modules with video lectures, readings, demonstrations, and guided practice problems.
Materials: Digital textbook excerpts, lecture slides, worked examples, and downloadable templates for journal entries and financial statements.
Assignments: Weekly problem sets, case studies, and practical bookkeeping exercises.
Assessments: Quizzes after each module, midterm exam, and final exam featuring multiple-choice questions and problem-solving tasks.
Software: Introduction to common accounting software interfaces and spreadsheet-based practice (Excel).
Assessment and Grading
Module quizzes: 25%
Homework and practice problems: 25%
Midterm exam: 20%
Final exam: 25%
Participation and discussion contributions: 5%
Prerequisites None required. Basic computer literacy and familiarity with arithmetic and elementary algebra are recommended.
Who Should Enroll
Aspiring accountants and bookkeepers seeking a thorough foundation.
Small business owners and entrepreneurs who want to manage or understand financial records.
Students preparing for intermediate accounting or business majors.
Professionals in nonfinancial roles who need to interpret financial statements.
Instructor Support and Student Resources
Weekly office hours with the instructor via video conference.
Discussion forums monitored by teaching assistants.
Step-by-step solution guides for selected problems.
Quiz remediation and targeted practice modules for weak areas.
Certificate Upon successful completion, students receive a Certificate of Completion from Mubarak Institute of technology
You will receive your login credentials and course access code by email within 24–48 hours after purchase. Please check your inbox and spam folder. This course requires a separate $129.99 materials and access fee paid directly to the provider before starting. All sales are final. No refunds. However, the platform offers a 14-day trial period with the content. If the course is not to your liking, you may switch to a different course during that time — but no monetary refunds will be issued.
