Accounting can be defined as a “language of a business” which provides communication between the business and its managers and the entities who are interested in the business. Main purpose of this course is to teach the main requirements of this language. In this context to teach how to record accounts according to accounting principles, indicating how assets and financial sources change their forms as a result of business activities and how they are reported.

Accounting concept, assets, liabilities and the owner’s equity, accounting equation, recording journals and T-accounts, revenues and expenses, balance sheet and income statement, closing the accounts.