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Introduction To Business Accounting

£28.86

This course includes lifetime access so you can complete it at your own speed. 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. Benefits of taking this course include: Unlimited and lifetime access to the course Learn the course at your own pace Course can be accessed on any platform 24/7 Customer support

SKU: 266544 Category:

Description

Business

Description

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.

The Introduction To Business Accounting will cover the following topics:

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

  • Temporary Vs. Permanent Accounts

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