Financial accounting and reporting

This course aims to teach learners the definitions of bookkeeping, accounting, and reporting, as well as the reasons for and objectives of accounting. Students will learn about stewardship, accountability, planning, decision making, and control in accounting. The course covers both management and financial accounting, the main elements of accounting information including income, expenses, assets, liabilities, and the balance sheet. By the end of the course, students will be able to understand and interpret the main financial statements. The teaching method involves a combination of theoretical explanations, examples, and practical exercises. This course is designed for individuals interested in gaining a foundational understanding of financial accounting and reporting.

• Introduction
• Learning outcomes
• 1 Definitions of bookkeeping, accounting and reporting
• 1 Definitions of bookkeeping, accounting and reporting
• 1.1 Bookkeeping
• 1.2 Accounting and reporting
• 2 Reasons for and objectives of accounting
• 2 Reasons for and objectives of accounting
• 2.1 Stewardship
• 2.2 Accountability
• 2.3 Planning and decision making
• 2.4 Control
• 3 Management and financial accounting
• 3 Management and financial accounting
• 4 The main elements of accounting information
• 4 The main elements of accounting information
• 4.1 Income and expenses
• 4.2 Assets and liabilities
• 4.3 The balance sheet
• 5 The main financial statements
• 5 The main financial statements
• Conclusion
• Keep on learning
• Glossary
• References
• Acknowledgements