Accounting Principles

About This Course:
This course will teach you the tools you’ll need to understand the fundamentals of financial
accounting. Concise videos, the financial records of a small business, and guide you through the
three most commonly used financial statements: the Balance Sheet, the Income Statement, and
the Statement of Cash Flows.
Beyond recording transactions, you’ll learn how to prepare these financial statements.
By the end of this course, you will be able to:
– Use journal entries to record transactions
– Prepare and use t-accounts to summarize transactions recorded during an accounting period
– Describe the three most commonly used financial statements and how they fit together
– Prepare these financial statements based on transactions recorded during an accounting period
– Draw basic conclusions about a company’s financial health

Chapter 1 :
During this first Chapter , we’ll learn about the context for financial accounting, including the
informational role it plays for both internal and external audiences. We’ll explain accounting
standards, which ensure financial information is conveyed clearly and effectively. Finally, we’ll
describe the three primary financial statements as part of a recurring accounting process, called
the accounting cycle, and then dive into one of those statements: the Balance Sheet (BS).

Learning Objectives :
• Describe the three sets of books companies use and their respective audiences,
objectives, and guidelines.
• Explain financial accounting and the informational role it plays in the securities
markets.
• Explain the role of accounting standards in ensuring the integrity of financial
statements.
• Describe the three primary financial statements and how they fit together.
• Describe, in general, the steps in the accounting cycle.
• Explain the Balance Sheet and its major components: assets, liabilities, and
owners’ equity.
• Describe the balance sheet equation and what it means.
• Determine when a transaction results in an asset or a liability.

Chapter 2:
After learning about the Balance Sheet, we’re ready to move on to using journal entries to record
transactions, then t-accounts to summarize transactions recorded during an accounting period.
We’ll apply those tools to record transactions for a fictional startup company, Blue Hat , during its
first year of operations (BH Year 1). As we go along, we’ll also evaluate the effect of transactions on
the balance sheet equation to ensure it remains balanced.

Learning Objectives:
• Describe how recording transactions fits into the accounting cycle.
• Use journal entries to record transactions.
• Prepare and use t-accounts to summarize transactions recorded during an
accounting period.
• Analyze the effect of transactions on the balance sheet equation.

Chapter 3:
Now that we’ve learned the fundamentals of recording transactions, we’re ready to dive
into another financial statement: the Income Statement (IS). After learning about the
Income Statement, we’ll record revenue and expense transactions, and summarize these
transactions in a special account. Finally, we’ll record adjusting entries in accordance with
accrual accounting, prior to the preparation of the financial statements.

Learning Objectives:
• Explain the Income Statement and its major components: revenues, expenses, and
net income.
• Determine when revenue and expenses should be recorded.
• Record revenue and expense transactions using journal entries and t-accounts.
• Explain how the Income Statement and Balance Sheet fit together in the financial
statement framework.
• Evaluate the impact of revenue and expense transactions on the balance sheet
equation.
• Use the Retained Earnings account to summarize all revenue and expense
transactions.
• Describe the role of adjusting entries in the accounting cycle.
• Record adjusting entries in accordance with accrual accounting prior to the
preparation of financial statements.

Chapter 4:
After learning about the Income Statement, revenue and expense transactions, and
adjusting entries, we’re ready to move on to preparing our end-of-period financial
statements. We’ll prepare the Income Statement and Balance Sheet based on the
transactions that have been recorded. Then, we’ll dive into the Statement of Cash
Flows (SCF) and learn how to prepare that financial statement. Finally, we’ll briefly
discuss closing entries, since we’ve been preparing them as we’ve been going
along!

Learning Objectives:
• Prepare the Income Statement and Balance Sheet based on transactions that have
been recorded.
• Explain how the Income Statement and Balance Sheet fit together in the financial
statement framework.
• Prepare the Statement of Cash Flows, including the Operating, Investing, and
Financing activities sections.
• Explain how the Statement of Cash Flows fits into the financial statement
framework.

تعتبر المحاسبة هي لغة الأعمال ، لفهم البزنس تحتاج إلى معرفة اللغة التي يستخدمها البزنس.

الفئة المستهدفة :

1- كل طلاب المحاسبة بجميع مستوياتهم

2-رواد الأعمال

3-الشركات الناشئة وحاضنات الأعمال .

4- طلاب العلوم الإدارية .

5- أي شخص يرغب بتعلم المحاسبة وإمتلاك المعرفة

6- الطلاب الذين يريدون دراسة أي زمالة محاسبية .

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بعد الإنتهاء من الكورس ستكون قادرا على :

1-تحليل العمليات .

2-تسجيل قيود اليومية .