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The Basics of Business Accounting starts at the very beginning introducing the student to essential accounting principles and concepts that apply to any business or industry.
Through this course, the student will learn to interpret the key sections of the Four Main Financial Statements: the Balance Sheet, the Income Statement, the Cash Flow Statement, and the Statement of Owners' Equity.
Student will also learn several of the Major Accounting Principles such as the Entity Principle, the Revenue Recognition Principle, and the Matching Principle.
Students will learn to apply the Fundamental Accounting Equation, and other vital accounting concepts such as depreciation, revenue recognition, accrual accounting, cash flow, and many others.
The Basics of Business Accounting will add the crucially important skills of understanding, interpreting and building financial statements to your existing business and management skill base.
Overview
Syllabus
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- Introduction
- Getting Started
- Economic Entity Principle
- Balance Sheets, Pt 1
- Balance Sheets Pt 2
- Balance Sheets, pt 3
- Double Entry
- Double Entry, pt 2
- Balance Sheets, Pt 3
- Depreciation and Amortization
- Balance Sheets pt 4
- Balance Sheets pt 5
- Balance Sheets pt 6
- Income Statements, Pt 1
- Income Statements Pt 2
- Income Statements, Pt 3
- Income Statements, Pt 4
- Cash Flow Statements, Pt 1
- Cash Flow Statements, Pt 2
- Cash Flow Statements, Pt 3
- Cash Flow Statements, Pt 4
- Cash Flow Statements, pt 5
- Cash Flow Statements Pt 6
- Statement of Shareholder Equity
- The Next Step
