We cover the full syllabus for FAC1502 with video lectures, explaining everything you need to know about FAC1502. We explain the syllabus simply, so you’ll be able to apply it to any situation.

This module starts your Accounting journey. Our videos are designed for people who have never studied Accounting (or studied years ago!). We haven’t assumed any knowledge. Our videos focus on explaining the concepts really simply, so that you understand what you’re doing and why. This is going to save a lot of time, because there’s WAY too much in here for you to memorise.

TOPICS/STANDARDS

• The Nature of Accounting Theory, Principles, Accounting Policy, Practice and Procedures

• Financial Position

• The Financial Performance - The Result

• The Double-Entry System and the Accounting Process

• Financial Accounting Concepts, Principles and Procedures

• Processing Accounting Data (VAT, sales and purchases journals)

• Adjustments

• The Closing-off Procedure, Determining Profit of an Entity and Preparing Financial Statements

• Cash and Cash Equivalents

• Trade and Other Receivables

• Inventory

• Property, Plant and Equipment

• Other Non-Current Assets

• Current Liabilities

• Non-Current Liabilities

• Financial Statements of a Sole Proprietorship

• Non Profit Entities

• Incomplete Records

PLEASE NOTE: THIS COURSE IS CURRENTLY FREE. THIS MIGHT CHANGE IN THE FUTURE. IF YOU ENROL NOW, YOU WILL GET ACCESS TO THE COURSE FOR ONE SEMESTER.

We cover the full syllabus for FAC1601 with video lectures, explaining everything you need to know about FAC1601. We explain the syllabus simply, so you’ll be able to apply it to any situation.

FAC1601 uses the knowledge you learnt from FAC1502. It assumes you know how to create basic Financial Statements, and then builds on that by adding new transactions and accounts, and another financial statement - the Cash Flow Statement.

It introduces you to Partnership Accounting (as opposed to Accounting for Companies, which is what FAC1502 covers). Although this is tricky, you’ll use most of your accounting knowledge for this, so you just need to focus on the areas where partnerships are different to companies.Our videos will help save you time on the explanations, but you’ll need to practice the work!

TOPICS/STANDARDS

• Introduction to the Preparation of Financial Statements

• Financial statements of a Sole Proprietorship

• Establishment and Financial Statement of a Partnership

• Changes in the Ownership Structure of Partnerships

• The Liquidation of a Partnership

• Close Corporations

• Introduction to Companies

• Statement of Cash Flows

• Analysis and interpretation of Financial Statements

• Revision - Property, Plant and Equipment (Revision of your basics from FinAcc 1A)

PLEASE NOTE: THIS COURSE IS CURRENTLY FREE. THIS MIGHT CHANGE IN THE FUTURE. IF YOU ENROL NOW, YOU WILL GET ACCESS TO THE COURSE FOR ONE SEMESTER.

Master key financial concepts and improve your money management skills. This course equips you with essential mathematical tools to make informed financial decisions.