Accounting Introduction

Accounting and finance is a rewarding field that suits reliable people. Accounting is about collecting, analysing and dealing with financial information helpful to those who have to make financial decisions and plans for businesses.

Finance also assists the relevant persons in decision making and it is concerned with the methods through which funds are raised and invested for business.

This unit will introduce you to the basics of accounting and finance, its purpose and its scope in modern business organisations. Here, candidates will learn about the benefits of accounting, its limitations and various important steps in the accounting process.

This unit provides a comprehensive introduction to accounting and finance (GAAP), various financial terms and financial management techniques. It also describes the functions, importance and limitations of accounting and briefly examines the methods of Accounting, kinds of Accounts, and Accounting rules.