This free course, Financial accounting and reporting, discusses how accountants act as processors and purveyors of information for decision making and the needs of those who use accounting information. It also looks at the role performed by accountants and notes the need to be aware of relevant regulatory and conceptual frameworks.
Course learning outcomes
After studying this course, you should be able to:
define bookkeeping and accounting
explain the general purposes and functions of accounting
explain the differences between management and financial accounting
describe the main elements of financial accounting information – assets, liabilities, revenue and expenses
identify the main financial statements and their purposes.