Applied Accounting - Accounting Made Easy

person icon Sentinel | 9

Applied Accounting - Accounting Made Easy

Learn The Principle of Accounting

updated on icon Updated on Oct, 2023

language icon Language - English

person icon Sentinel | 9

architecture icon Accounting,Finance & Accounting,Accounting & Bookkeeping

Lectures -54

Duration -2 hours


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Course Description

Are you interested in a career within in the world of accounting?

You have come to the right place! Learn the principles of Applied Accounting here.

Throughout this course you will be introduced to the fundamentals of accounting viewed from the perspective of the business manager. We will study the five main areas of applied business strategy:

1. Accounting and Reporting in Commerce – Definition of Accounting, Accouting Principles, Accounting Eqution and Cycle, Double Entry Accounting, Assets, Liabilities, Capital, Accounting Onventions, IFRS and GAAP. 

2. Financial Accounting #1 - Learn Financial Accounting, Financial Statements - Applications and Use, Profit and Loss Statement - Income Statement, Multi-Step Income Statement, Expenses, Profit Before Tax and EBITDA, Input to Depreciation Accounting, Depreciation Journal Entries, Balance Sheet - Assets and Liabilities Statements, Inventories, Liability Accounts, Total Liabilities and Equity. 

3. Financial Accounting #2 - Learn Working Capital & Liquidity – Debtors, Creditors & Inventory Days, Permanent and Cyclical Working Capital, Forms of Working Capital Financing, Determinants of Working Capital, Cash Flow Statements - Operational and Reporting Formats, Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) and Key Ratio Analysis – Short Term Acid Tests & Long Term Viability.

4. Management & Cost Accounting – Learn Management and Cost Accounting, Material, Labour and Overhead Costing, Process Costing, Job Costing and Batch Costing, Activity Based Costing - Lean Operations, Steps and Benefits of Developing an Activity - Based Costing System, Standard Costing and Variance, Standard Costing in GAAP and IFRS, and Responsibilities for Variances. 

5. Limitations of Accounting - Learn Volume, Cost and Break-even Analysis / Cost-Volume-Profit Analysis, Uncertainties and Quality of Input Data, Break-Event Chart, Inventory Management– Raw, Work in Progress (WIP) & Finished Goods, Reorder Point, Lead Time and Safety Stock, Budgeting & Capital Investment – Revex & Capex, Limitations of Accounting - Financial Reporting, Intangibles, Human Capital & Goodwill – Recognition and Valuation, Goodwill, and Audit - Internal & External. 

Each of these segments includes practical cases and quizzes aiming to strengthen your knowledge.

Follow along as we provide you with the skills to effectively evaluate, manage, and design the knowledge and functions to contribute to a firm’s future accounts direction through applying modern applied accounting strategy thought for managers.

Why wait? Don't miss this fantastic opportunity!


What will you learn in this course:

  • In this course you will learn the fundamentals of financial and management accounting viewed from the perspective of the business manager.
  • In this course you will learn how to critically evaluate accounting information contained in financial statements and application of key cost and management accounting techniques in day to day business decisions. This course adopts a managerial and analyt
  • In this course you will learn will the methods used in financial reporting and interpretation and applying these principles to business practice.
  • In this course you will gain a better understanding and interpretation ability of company’s cash-flows and profit, different classes of assets, liquidity positions, operating efficiency.
  • This course will equip you with an understanding of key costs and managerial accounting techniques used in costs control, costs management and planning.


What are the prerequisites for this course?

  • Computer with an Internet connection.
  • PDF reading software, such as free Adobe Reader.
Applied Accounting - Accounting Made Easy


Check out the detailed breakdown of what’s inside the course

Accounting and Reporting in Commerce
10 Lectures
  • play icon Lecture 1.1: Definition of Accounting 02:26 02:26
  • play icon Lecture 1.2: Accounting Principles 03:21 03:21
  • play icon Lecture 1.3: Accounting Equation 01:28 01:28
  • play icon Lecture 1.4: Accounting Cycle 02:13 02:13
  • play icon Lecture 1.5: Double Entry Accounting 04:07 04:07
  • play icon Lecture 1.6: Assets 01:56 01:56
  • play icon Lecture 1.7: Liabilities 01:42 01:42
  • play icon Lecture 1.8: Capital 03:54 03:54
  • play icon Lecture 1.9: Accounting Conventions 02:07 02:07
  • play icon Lecture 1.10: IFRS and GAAP 01:40 01:40
Financial Accounting #1
12 Lectures
Financial Account #2
9 Lectures
Management & Cost Accounting
11 Lectures
Limitations of Accounting
10 Lectures
Case Study
1 Lectures

Instructor Details

Sentinel | 9

Sentinel | 9

Business Education

Sentinel | 9 is now offering educational courses and specialised modules from its industry-leading university-level Business program. This package is usually provided via Higher Education partners, where it comes with a Degree upon completion. However, for individuals seeking valuable education and knowledge without the hassle of enrolling in university, Sentinel | 9 has redeveloped its resources into easily accessible learning content.

These resources are a perfect fit for individuals who want to sharpen their business skills, learn about new practices in business or wish to educate themselves in something new. The Sentinel | 9 material is developed with consultation from industry experts, professorial, doctoral, and postdoctoral in-house academics to ensure learning is of the highest quality.

Through this offering, users will now have access to high-quality, practical, on-demand resources across all aspects of business, including business strategy, business law, finance, marketing strategy, economics, organisation behaviour, leadership, human resources, accounting and more.

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