Introduction to Accounts (1hr)

Have you ever looked at a set of accounts and not known where to start? Accounts can seem daunting and almost appear in a foreign language! This module looks at accounts in their simplest form and aims to demystify the language of accounts. You will learn about the basics of the accounts and the elements that make up the accounts, along with the basic principles that underpin every set of accounts.

By completing this course, you will be able to:

• Define and classify elements of the accounts as assets, liabilities, equity, income and expenses and understand how this affects how they are accounted for
• Explain terminology including profit, revenue, fixed, current and non-current
• Understand the differences in UK and International terminology
• Understand the difference between management accounts and financial accounts
• Identify the various users of a set of financial statements
• Describe the basic accounting concepts of accruals and understand how they affect the content of financial statements.

CPD points = 1

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

Pass Assured Guarantee does not apply for this course.