The accounting process involving actual recording and preparation of financial statements observes a series of steps known as the accounting cycle. Except for a few optional procedures, the steps involved are precise and are based on established assumptions and principles. The course presents a short overview of the cycle. Each step is discussed in detail in subsequent courses.
Runtime Approx 10 mins; Access period 30 days from registration date; Learners Accounting students, entrepreneurs, non-accountant professionals; Recommended previous course Fundamentals of Accounting, Part 1 (Conceptual and Theoretical Foundations); Recommended next course Journalizing.