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Introduction to Accounting

Master the core principles that underpin all of accounting. This module builds your understanding of the accounting equation, double-entry bookkeeping, and the preparation of basic financial statements — the essential foundation for every ETICPA ATQ Level 1 qualification.

7 chapters22 lessons
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Course Curriculum

What you will study

1

Unit 1 — Foundations of Accounting

2 lessons

1

Ch 1: The Nature and Purpose of Accounting

2

Ch 2: Accounting Concepts and Qualitative Characteristics

2

Unit 2 — The Accounting Equation and Double Entry

3 lessons

1

Ch 3: The Accounting Equation

2

Ch 4: Double Entry Bookkeeping

3

Ch 5: Ledger Accounts

3

Unit 3 — Books of Prime Entry and Source Documents

3 lessons

1

Ch 6: Journals and Books of Prime Entry

2

Ch 7: Day Books and Cash Books

3

Ch 8: Receivables and Payables Ledgers

4

Unit 4 — The Trial Balance and Error Correction

2 lessons

1

Ch 9: Preparing the Trial Balance

2

Ch 10: Error Correction and Suspense Accounts

5

Unit 5 — Adjustments and Period-End Entries

4 lessons

1

Ch 11: Accruals and Prepayments

2

Ch 12: Irrecoverable Debts and Allowances

3

Ch 13: Inventory Valuation

4

Ch 14: Bank Reconciliation

6

Unit 6 — Non-Current Assets

3 lessons

1

Ch 15: Introduction to Non-Current Assets

2

Ch 16: Depreciation

3

Ch 17: Revaluation and Disposal

7

Unit 7 — Financial Statements

5 lessons

1

Ch 18: The Income Statement

2

Ch 19: The Balance Sheet

3

Ch 20: The Cash Flow Statement

4

Ch 21: Preparing Complete Financial Statements

5

Ch 22: Analysis and Interpretation

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Accounting Body Editorial Team

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