Accounting – Advanced Controls and Transactions

Course Level 2: Intermediate

Estimated Study Time: 6-10 hours

This course looks in-depth at the transactions, processes and controls used to record typical transactions in a business.

In sales, you will learn how to handle returns, discount and freight charges as well as working out the cost of goods sold. In inventory, you will see the two different methods of counting inventory, periodic and perpetual, as well as the different methods of calculating value of the inventory and the associated journal transactions to record the necessary adjustments.

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Course Content