Introduction To Business Accounting

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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.

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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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Course Curriculum

Course Sections

Professional Bookkeeper

Defining A Business

Ethics In Accounting

GAAP: Generally Accepted Accounting Principles

The Accounting Equation

Transactions

Financial Statements

The Accounting Equation And Transactions

Double-Entry System

Transactions – Journalizing

Demo – Journal Entries

Posting 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

Vertical Analysis

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

Fiscal Year

Spreadsheet Exercise – Steps 1-4

Spreadsheet Exercise – Steps 5-7

Demo – Creating A Worksheet

Downloadable Materials

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