In this lesson, the nature, history, role, and importance of accounting are presented and explained with details on the main groups and functions of accounting as well as on accounting transactions and accounting types.

In this lesson, the function and importance of financial reporting are described and Bookkeeping is explained with comparisons between Bookkeeping and accounting with further details on the Accounting Cycle, Books of Prime Entry, transaction analysis, etc.

In this lesson, accounts such as T-accounts, Debits and Credits, and various accounts within business transactions are described to further student understanding of various account structures and functions.

In this lesson, the journalizing process, posting in ledger accounts, source documents and their main types, as well as the essence and preparation of Trial Balance are presented and explained in detail

In this lesson, the objective and components of Financial Statements as well as their advantages and disadvantages in addition to the essence of the Balance Sheet and its similarities to the Trial Balance are explained with further exercises on this and past topics.

In this lesson, the structures, elements, and types of the Income Statement alongside revenue, expense, and profits within a company are analyzed and explained alongside exercises to further student understanding.

In this lesson, the Accrual and Cash Basis of Accounting and their differences as well as the main types of business entities and their characteristics are explained alongside descriptions of the Chart of Accounts and synthetic and analytical accounts.

In this lesson, the structure and preparation of the Cash Flow Statement are described and cash inflows, outflows, and cash flows from operating, investing, and financing are presented alongside explanations of the Equity Statement and more.

In this lesson, the preparation of accounting worksheets is outlined alongside a thorough explanation of the creation and adjustment of entries as well as explanations of the preparation of the Post-Closing Trail Balance.

In this lesson, the process and value of inventory valuation are presented with descriptions of the main inventory valuation methods such as the FIFO, LIFO, and WAC methods with supporting examples.

In this lesson, the methods of depreciation and amortization are described with comparisons between SL, UOP, DB and SYD methods as well as a brief overview of intangible assets and their types.

In this lesson, the Globally Comparable Accounting Standards are defined and characterized alongside descriptions of the main concepts of the IFRS and GAAP with a supporting list of principles as well as comparisons between IFRS and GAAP.

In this lesson, the history, essence, and importance of audits and auditing are explained as well as an overview of the management of assertions and audit objectives as well as details on the types of audits, auditors, and audit firm operations.

In this lesson, the main phases of an audit and audit process model are overviewed with explanations on how to plan and conduct audits as well as how to structure an Auditor's Report with further explanation on types of Auditor's Opinion.

In this lesson, examples and explanations of materiality in auditing are detailed, considerations of the relationship between materiality and audit risk are described, and details and comparisons of International Standards on Auditing are analyzed.