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Principles of Accounting

alignLX

About this course

Principles of Accounting introduces students to the fundamentals of financial accounting and the accounting cycle. You will learn how to record and analyze financial transactions, prepare financial statements, and understand the valuation and reporting of assets, liabilities, and equity. The course emphasizes ethical practices, GAAP compliance, and real-world applications of accounting concepts to help you build a strong foundation for business studies.

What you'll learn

Participants will learn how to:

  • Explain and apply Generally Accepted Accounting Principles (GAAP)
  • Record financial transactions and complete the accounting cycle
  • Prepare and interpret financial statements including balance sheets and income statements
  • Recognize and value assets, liabilities, and equity
  • Analyze and disclose accounting information for decision-making
  • Strengthen problem-solving, critical thinking, and financial literacy skills

Grow these skills

Interactive Learning Learning Platforms Pedagogy
Non-Verbal Communication

Prerequisites

No prior college-level accounting is required. Students should be comfortable with basic mathematics and logical reasoning. A willingness to learn accounting principles and apply them to real-world scenarios will help you succeed in this course.

Curriculum

14 Weeks, 1–3 hours per week

Language English

  • Module 1: Foundations of Accounting
  • Module 2: Accounting Cycle
  • Module 3: Merchandising and Inventory
  • Module 4: Systems and Controls
  • Module 5: Managing Receivables and Long-Term Assets
  • Module 6: Current Liabilities and Payroll Accounting
  • Module 7: Final Exam

Frequently Asked Questions

What is this course about?

This course covers the fundamentals of financial accounting, including recording transactions, preparing financial statements, and understanding the principles behind business reporting.

Who should take this course?

Principles of Accounting is ideal for students pursuing degrees in business, finance, or related fields, as well as anyone interested in learning how accounting is used to make informed business decisions.

How long does the course take?

This is a 4-credit course, approximately 180 hours. Students will progress through weekly modules with readings, quizzes, discussion boards, problem-solving activities, and a final project.

Will I get a certificate?

Yes, you can earn a certificate when you finish. You can also choose to audit the course for free without one.

What browsers work best for this course?

Use the latest version of Chrome, Firefox, Safari, or Edge for the best experience.

Ready to advance your career?

This course is part of

Principles of Accounting Certificate Program

Learn more

Ways to take this course

Certificate Premium
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  • tickWorld class institutions
  • tickAlignLX support
  • tickGraded assessments
  • tickEarn a certificate
Advance your career
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