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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Course Curriculum
Course Sections
Section 1 - Professional Bookkeeper Introduction
Professional Bookkeeper
Section 2 - Introduction To Accounting and Business
Defining A Business
Ethics In Accounting
GAAP: Generally Accepted Accounting Principles
Section 3 - The Accounting Equation
The Accounting Equation
Transactions
Financial Statements
Section 4 - Analyzing Transactions
The Accounting Equation And Transactions
Double-Entry System
Transactions – Journalizing
Demo – Journal Entries
Section 5 - Entering Information - Posting Entries
Posting Entries
The Trial Balance
Finding Errors Using Horizontal Analysis
Demo – Horizontal Trend: Balance Sheet
Demo – Horizontal Trend: Income Statement
Section 6 - Adjusting Process
The Purpose Of The Adjusting Process
Section 7 - Adjusting Entries
Adjusting Entries – Prepaid Expenses
Adjusting Entries – Accrued Revenues
Adjusting Entries – Depreciation Expense
Section 8 - Adjustment Summary
Adjustment Summary – Review
Vertical Analysis
Demo – Vertical Analysis
Section 9 - Preparing a Worksheet
Preparing A Worksheet
Section 10 - Financial Statements
The Income Statement
Financial Statements – Definitions
Section 11 - Completing The Accounting Cycle
Temporary Vs. Permanent Accounts
Section 12 - The Accounting Cycle Illustrated
Accounting Cycle Illustrated – Steps 1-5
Accounting Cycle Illustrated – Steps 6-10
Section 13 - Fiscal Year
Fiscal Year
Section 14 - Spreadsheet Exercise
Spreadsheet Exercise – Steps 1-4
Spreadsheet Exercise – Steps 5-7
Demo – Creating A Worksheet
Downloadable Materials
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