Introduction

This short course about accounts is an introduction to accounting principles, with a focus on UK rules and standards.

It would be helpful for anyone starting in business or who would like a basic understanding of accounts and accounting terms and functions.

Before we dive into profit and loss accounts and balance sheets lets take a look at what a set of accounts is.

“Accounts” are financial statements and a formal record or statement of the financial activities and position of a business or activity over a specific period, such as a financial year.

A “set of accounts” usually includes several key documents that provide a full picture of the company’s financial health.

This course is a beginners guide to accounts and accounting with a focus on the UK.