Introduction To Business Accounting
This course is designed for those interested to learn the basics of business accounting including understanding accounting equation, how to analyze transactions, how to prepare a worksheet like adjusting the entries, making financial statements, the fiscal year and interpret and present financial information.
About This Coursebeginner
Business accounting is the systematic recording, analyzing, interpreting and presenting of financial information. This course covers the basics of business accounting.
Students will learn about the accounting equation, analyzing transactions, preparing a worksheet, financial statements, and the fiscal year.
Our Promise to You
By the end of this course, you will have learned the systematic recording, analyzing, interpreting and presenting of financial information.
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Defining A Business
Ethics In Accounting
GAAP: Generally Accepted Accounting Principles
The Accounting Equation
The Accounting Equation And Transactions
Transactions – Journalizing
Demo – Journal Entries
The Trial Balance
Finding Errors Using Horizontal Analysis
Demo – Horizontal Trend: Balance Sheet
Demo – Horizontal Trend: Income Statement
The Purpose Of The Adjusting Process
Adjusting Entries – Prepaid Expenses
Adjusting Entries – Accrued Revenues
Adjusting Entries – Depreciation Expense
Adjustment Summary – Review
Demo – Vertical Analysis
Preparing A Worksheet
The Income Statement
Financial Statements – Definitions
Temporary Vs. Permanent Accounts
Accounting Cycle Illustrated – Steps 1-5
Accounting Cycle Illustrated – Steps 6-10
Spreadsheet Exercise – Steps 1-4
Spreadsheet Exercise – Steps 5-7
Demo – Creating A Worksheet
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