Welcome to the Free Accounting Course for Professionals!
This 16-module self-paced course is designed to provide you with a comprehensive foundation in accounting principles and practices, equipping you with the skills needed to excel in your career. The course spans 16 weeks, with each module focusing on specific accounting concepts, followed by an exam at the end of the course to assess your understanding.
The best part? This course is offered completely free of charge, and you can study at your own convenience. If you wish to receive a KHDA-accredited physical certificate, it can also be attested by the Ministry of Foreign Affairs (MOFA) for official recognition. To request your certificate and assistance with attestation, please contact +971 54 455 0355 for printing and attestation services.
Course Outline and Module Descriptions
Module 1: Introduction to Accounting
- Description: Learn the basics of accounting, its purpose, and the accounting cycle. Explore the importance of financial statements and their role in business.
- Duration: 1 Week
Module 2: Principles of Accounting
- Description: Understand core accounting principles like accruals, consistency, and materiality, along with an introduction to GAAP and IFRS standards.
- Duration: 1 Week
Module 3: The Double-Entry System
- Description: Dive into the double-entry bookkeeping system, mastering the concepts of debits and credits and how transactions are recorded in journals.
- Duration: 1 Week
Module 4: Chart of Accounts and Ledgers
- Description: Learn to create a chart of accounts, post transactions to ledgers, and manage financial records efficiently.
- Duration: 1 Week
Module 5: Adjusting Entries
- Description: Explore the types of adjustments, such as accruals and deferrals, and understand how adjusting entries impact financial statements.
- Duration: 1 Week
Module 6: Trial Balance
- Description: Learn how to prepare and analyze a trial balance, identify errors, and ensure the accuracy of financial records.
- Duration: 1 Week
Module 7: Financial Statements – Income Statement
- Description: Understand the structure of income statements, and calculate revenue, expenses, and profit/loss.
- Duration: 1 Week
Module 8: Financial Statements – Balance Sheet
- Description: Gain insights into balance sheet components such as assets, liabilities, and equity, and how they reflect a company’s financial position.
- Duration: 1 Week
Module 9: Cash Flow Statement
- Description: Learn to prepare and analyze cash flow statements, covering operating, investing, and financing activities.
- Duration: 1 Week
Module 10: Budgeting and Forecasting
- Description: Develop skills in budgeting and forecasting to plan and manage business finances effectively.
- Duration: 1 Week
Module 11: Cost Accounting Basics
- Description: Explore the basics of cost accounting, including fixed and variable costs, cost allocation, and break-even analysis.
- Duration: 1 Week
Module 12: Taxation Basics
- Description: Understand the fundamentals of business taxation, including how to prepare for tax filing and compliance.
- Duration: 1 Week
Module 13: Accounts Receivable and Payable
- Description: Learn to manage accounts receivable and payable, create aging schedules, and handle bad debt provisions.
- Duration: 1 Week
Module 14: Financial Statement Analysis
- Description: Master ratio analysis (liquidity, profitability, solvency) and interpret financial performance for decision-making.
- Duration: 1 Week
Module 15: Ethical Practices in Accounting
- Description: Explore the importance of ethics in accounting and learn how to address common ethical dilemmas.
- Duration: 1 Week
Module 16: Final Assessment and Capstone Project
- Description: Review all modules, complete a comprehensive exam, and apply your knowledge in a capstone project to prepare financial statements and analysis.
- Duration: 1 Week
Final Exam and Certificate
At the end of the 16 weeks, there will be a comprehensive final exam to assess your understanding of the course material. Upon passing the exam, you can request a KHDA-accredited physical certificate, which can be attested by MOFA for official recognition.
Start your learning journey today and master accounting at your own pace. For certificate requests and attestation assistance, contact +971 54 455 0355.
Course Features
- Lectures 80
- Quizzes 1
- Duration 16 weeks
- Skill level All levels
- Language English
- Students 14
- Assessments Self
Curriculum
- 16 Sections
- 80 Lessons
- 16 Weeks
Expand all sectionsCollapse all sections
- Module 1: Introduction to AccountingIn this foundational module, you will explore the basics of accounting and its significance in the business world. Learn about the accounting cycle, key terminologies, and the primary purpose of financial statements. This module sets the stage for understanding how accounting supports decision-making, tracks financial performance, and ensures the smooth operation of businesses. By the end of this module, you will have a clear grasp of the essential concepts and their practical applications in real-world scenarios. Perfect for beginners, this is your first step toward mastering accounting!6
- Module 2: Principles of AccountingPrinciples of Accounting focuses on the foundational guidelines and rules that govern the preparation and presentation of financial information. These principles ensure accuracy, consistency, and transparency in financial reporting, making it easier for businesses to maintain reliable records and for stakeholders to make informed decisions. This module explores key principles such as accrual, matching, consistency, and materiality, providing learners with a clear understanding of how these concepts are applied in real-world accounting practices.5
- Module 3: The Double-Entry SystemThe Double-Entry System introduces learners to the core foundation of modern accounting. This module explains how every financial transaction affects at least two accounts in a business and ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced. Through clear explanations and practical examples, learners will understand the principles of debits and credits, journal entries, and how to maintain accurate and organized financial records using this system.5
- Module 4: Chart of Accounts and LedgersChart of Accounts and Ledgers provides an in-depth understanding of how financial transactions are categorized and organized. This module explains the purpose and structure of the chart of accounts, the backbone of any accounting system, and introduces the ledger, where transactions are summarized and tracked. Learners will develop the skills needed to create and manage a chart of accounts and post transactions to the ledger to ensure accurate financial reporting.5
- Module 5: Adjusting EntriesAdjusting Entries focuses on the essential process of ensuring that financial statements accurately reflect a business's financial position and performance. Adjusting entries are made at the end of an accounting period to account for accrued and deferred items, such as unrecorded revenue, expenses, and depreciation. This module will teach learners the purpose and types of adjusting entries, how to prepare them, and their impact on financial statements.5
- Module 6: Trial BalanceTrial Balance introduces learners to the critical step of ensuring the accuracy of financial records in the accounting cycle. This module covers the purpose, preparation, and analysis of a trial balance, which summarizes all ledger balances to verify that total debits equal total credits. Through structured lessons, learners will understand how to identify and correct errors and ensure that the financial data is accurate before moving on to financial statement preparation.5
- Module 7: Financial Statements – Income StatementFinancial Statements – Income Statement provides an in-depth understanding of the Income Statement, also known as the Profit and Loss Statement. This module explains its purpose, structure, and components, focusing on how it reflects a company’s financial performance over a specific period. Learners will gain the skills to prepare and analyze an Income Statement, understanding key metrics such as revenues, expenses, and net income, which are critical for evaluating profitability and making informed business decisions.5
- Module 8: Financial Statements – Balance SheetFinancial Statements – Balance Sheet focuses on the foundational financial statement that provides a snapshot of a company’s financial position at a specific point in time. This module explains the purpose, structure, and components of the Balance Sheet, which is divided into assets, liabilities, and equity. Learners will gain practical skills in preparing and analyzing a Balance Sheet, understanding how it reflects the company’s financial stability, liquidity, and overall performance.5
- Module 9: Cash Flow StatementFinancial Statements – Cash Flow Statement focuses on understanding the movement of cash in and out of a business over a specific period. This module explains the purpose and structure of the Cash Flow Statement, highlighting its three main sections: operating activities, investing activities, and financing activities. Learners will gain the skills to prepare and analyze a Cash Flow Statement, ensuring they can assess a company’s liquidity, solvency, and overall cash management effectively.5
- Module 10: Budgeting and ForecastingBudgeting and Forecasting provides a comprehensive understanding of how businesses plan and predict their financial performance. This module explores the importance of budgeting to allocate resources effectively and forecasting to anticipate future financial trends. Learners will gain practical knowledge of creating budgets, analyzing variances, and leveraging forecasting techniques to make informed decisions and drive business success.5
- Module 11: Cost Accounting BasicsCost Accounting Basics focuses on the principles and practices of cost accounting, which helps businesses track, manage, and control costs. This module introduces the key concepts of cost classification, cost behavior, and allocation, providing learners with the skills to analyze and optimize costs in various business contexts. By understanding cost accounting, learners will be able to improve decision-making, pricing strategies, and overall business profitability.5
- Module 12: Taxation BasicsTaxation Basics introduces learners to the essential concepts of taxation, providing a foundational understanding of how taxes are calculated, recorded, and filed. This module covers the different types of taxes, the tax compliance process, and the importance of accurate tax reporting. Learners will also explore common tax deductions, exemptions, and strategies to ensure compliance while minimizing tax liabilities.5
- Module 13: Accounts Receivable and PayableAccounts Receivable and Payable provides learners with a comprehensive understanding of managing incoming and outgoing payments in a business. This module covers the processes of recording, tracking, and reconciling receivables (money owed to the business) and payables (money the business owes to others). Learners will develop the skills needed to optimize cash flow, maintain healthy financial relationships with customers and suppliers, and ensure accurate recordkeeping.5
- Module 14: Financial Statement AnalysisFinancial Statement Analysis equips learners with the knowledge and tools to interpret and analyze financial statements, including the income statement, balance sheet, and cash flow statement. This module focuses on key financial ratios, trends, and metrics that provide insights into a company's profitability, liquidity, solvency, and efficiency. Learners will gain the skills to make data-driven decisions, evaluate financial performance, and assess business health.5
- Module 15: Ethical Practices in AccountingEthical Practices in Accounting focuses on the importance of maintaining integrity, transparency, and professionalism in financial reporting and accounting practices. This module addresses ethical dilemmas faced by accountants, the consequences of unethical behavior, and the role of professional standards and regulations. Learners will develop a strong ethical foundation to ensure compliance and build trust with stakeholders while making responsible decisions in complex situations.5
- Module 16: Final Assessment and Capstone ProjectFinal Assessment and Capstone Project serves as the culmination of all previous modules, allowing learners to apply their knowledge and skills in real-world scenarios. This module includes a comprehensive assessment covering key topics from all modules, followed by a capstone project where learners prepare and analyze financial statements for a fictional company. It is designed to evaluate their understanding of accounting principles, financial reporting, and ethical practices, ensuring they are ready to apply these concepts in professional settings.5
