Essentials of Accounting Adjustments

In this course, you will delve into the fundamental concepts of accounting adjustments, crucial for maintaining accurate financial records and understanding a company’s true financial position. Starting with an overview of accounting principles, you will learn about accruals, prepayments, depreciation, and provisions. Through practical examples and exercises, you’ll grasp how to identify and rectify errors in financial statements. Additionally, you will explore the significance of adjusting entries in ensuring the reliability and relevance of financial information. By the end of this course, you’ll be equipped with the essential skills to make accurate adjustments and interpret financial statements effectively.