Accounting: Basics
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Accounting: Basics

Updated Jul 19, 2024

What you'll learn

  • Here we look at the types of accounting, the users of accounting, and some principles and standards.
Course Description

Accounting techniques are important to both individuals and businesses. For example, you may hope to save money by spending less than you earn. To achieve this you can account for all your expenses and plan your expenditure accordingly. Accounting is mandatory for large, medium and small-sized entities when preparing general purpose financial statements. Here we look at the types of accounting, the users of accounting, and some principles and standards.