If there is a business, there is accounting regardless of the size of the company. Therefore, as a business owner, the last thing you want know is what is the income and how much does it cost to generate that income.

Accounting is simply the process of recording and analysing the financial transactions over a specific period of time. This financial information could be used by the management to make decisions and for interested parties to review the company’s financial position.

If you need to prepare an accurate financial statement, business plan or cash flow forecasts, you need to have the relevant information available to complete them.

In this course, the basics of accounting are covered. It allows you to understand the fundamentals and basic accounting concepts.