Practice Exam
Certificate in Accounting Fundamentals

Certificate in Accounting Fundamentals

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Accounting Fundamentals

 

About Accounting Fundamentals
Accounting is the procedure of data entry and recording, summarising, analyzing, and then reporting. This data relates to the financial transactions of businesses and corporations. Operations of a business entity over an accounting period, generally a year, are keys to preparing financial statements.


Why is Accounting Fundamentals important?
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

Who should take the Accounting Fundamentals Exam?
•    Finance and Accounting professionals
•    Business owners
•    Finance and Accounting managers and senior executives
•    Anyone who wants to assess their accounting-related skills
•    Entrepreneurs

Accounting Fundamentals Certification Course Outline

1. Basic Accounting Principles and Framework
2. The Accounting Equation and Financial Statements
3. The Accounting Cycle and Accrual Accounting
4. Accounting Transactions and Books of Account
5. Trial Balance & Adjusting Entries
6. The Balance Sheet
 

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Certificate in Accounting Fundamentals FAQs

• Finance enthusiasts

• Students

• Accountants

• Graduates

 

The accounting fundamentals exam is recommended for candidates who wish to gain knowledge of the definition, principles, categories, and statements operations of a business entity. Usually, companies use accounts for measuring where it stands in the economic sense. So, if this is what interests you, then the accounting fundamentals exam is totally apt for you.

This exam helps in gaining knowledge about-

• Recording

• Interpretation

• Classification

• Analysis

• Reporting of financial information

• Revenue Recognition 

• Historical Cost 

• Matching 

• Full Disclosure 

• Objectivity