Study Learn Grow
Accounting Conventions & Principles

Accounting Conventions & Principles


This course attempts to describe the development of accounting, its nature, what influenced it, groups interested in accounting, the users of accounting information, its practice and certain principles and conventions.

Overview

Description
This course attempts to describe the development of accounting, its nature, what influenced it, groups interested in accounting, the users of accounting information, its practice and certain principles and conventions.

Basic knowledge
Due to the growth of machines, increase in business enterprise and establishment of corporation in the 19th century, the need for accounting information became a necessity. The industrial revolution sped up the necessity of Accounting, Economics and Statistics, though they differ, it is used in arriving at a business decision and for analyzing and interpreting the transactions of an accounting entity. In this course, an attempt has been made to describe the nature of accounting, practice of accounting divided into two namely; public accounting and commercial accounting. Accounting doctrines which are conservatism, disclosure, consistency and materiality are presented. In accounting, there are allied objectives; recording and providing information to assist all levels of management, accounting principles influenced by the pronouncement of the professional accounting bodies.

Course Information

Due to the growth of machines, increase in business enterprise and establishment of corporation in the 19th century, the need for accounting information became a necessity. The industrial revolution sped up the necessity of Accounting, Economics and Statistics, though they differ, it is used in arriving at a business decision and for analyzing and interpreting the transactions of an accounting entity. In this course, an attempt has been made to describe the nature of accounting, practice of accounting divided into two namely; public accounting and commercial accounting. Accounting doctrines which are conservatism, disclosure, consistency and materiality are presented. In accounting, there are allied objectives; recording and providing information to assist all levels of management, accounting principles influenced by the pronouncement of the professional accounting bodies.

What will you learn
After the completion of this course, you will briefly trace the history of the Accounting profession, indicating those developments which materially affected its course

Understand the 'Accounting Entity Convention' and why it is necessary
It's implication in accounting procedures
Identify the two distinct allied objectives of accounting
Explain and understand the concepts of Accounting doctrines
Understand the main functions of accounting in rendering service
Discuss why groups of people would be interested in Accounting reports. How would they use the information disclosed

Who this course is for:
Anyone looking to learn Accounting as a beginner
Beginners Only... This is a slow paced course that teaches students who have no previous education in accounting principles.

• Lifetime Access to Each Course
• Certificate on Completion of Course
• No Extra Charges Or Admin Fees
• Easy Access to Courses
• High Priority Support After Sales.
• Big Discounts on Individual Courses

Course Specifications

Find a wide range of accounting-related courses on our learning platform including Basic Accounting and Bookkeeping. 

See All Courses

Adult education is the non-credential activity of gaining skills and improved education. 

See All Courses

Online education is electronically supported learning that relies on the Internet for teacher/student interaction. 

See All Courses

A short course is a learning programme that gives you combined content or specific skills training in a short period of time. Short courses often lean towards the more practical side of things and have less theory than a university course – this gives you a more hands-on experience within your field of interest.

See All Courses

Course duration is 24 hours.

See All Courses

Study Learn Grow

Related Jobs