This section helps further cement the understanding of the accounting equation by illustration of an example.

This section looks at the understanding of an equation which forms the foundation of financial accounting. Learn about assets, liabilities and owner’s equity.

This section looks at a key differentiation in the accounting treatment of financial transactions and forms the basis of understanding of all key financial statements.

This section looks at the differences between accounting and financial management, from the basic difference of definition to the different types and key elements.

This section looks at the principles of financial accounting, management accounting and financial management. Learn about the different elements of these three spheres of finance.

This section looks at the difference between the financial objectives of the private sector and public sector. Learn about the different focus of these two sectors.

This section looks at the concept of finance, financial literacy and different types of business organisations and their purpose. Purpose defines existence and this section sets the tone for understanding why a business exists.