Principles of Accounting: 01. Principles of Accounting

Designed for the non-financial employee, our Principles of Accounting course clearly and simply explains the difference between the GAAP and IFRS methods of accounting. You’ll discover the rules governing each method with easy-to-understand examples. After completing this course, you will be able to distinguish between the historical cost and fair market value principles of accounting and understand the advantages and disadvantages of each.

This short course comes with a video with audio narration, a downloadable and printable sheet of the key concepts covered, and a quick quiz to reinforce your learning. Take this course along with others in the Principles of Accounting series for a comprehensive look at accounting basics.