This course is offered in partnership with MindEdge, an expert content provider in courses, bundles, certificates, exam prep, and simulations to help you reach your personal and professional goals.
Course Description
Following basic accounting principles is an essential and necessary part of any business, regardless of size. As a small business owner, it is crucial to recognize the importance of maintaining proper financial records. Accounting records help identify sources of revenue, monitor the progress of business operations, assist in identifying areas that need improvement, and aid in preparing accurate financial statements. This course will introduce you to fundamental accounting concepts and develop your ability to record and analyze business transactions, and prepare the four major financial statements.
This course is offered in partnership with MindEdge, an expert content provider in courses, bundles, certificates, exam prep, and simulations to help you reach your personal and professional goals.
Learning Outcomes
- Understand the business entity concept and how it is applied
- Apply the rules of double-entry accounting
- Create and record business transactions
- Understand how to post transactions to the general journal and general ledger
- Explain the concept of T-accounts
- Discuss the systematic classification of accounts in the chart of accounts
- Interpret the rules of debit and credit
- Explain the general purpose of financial statements
- Describe the relationships between financial statements
- Analyze and interpret information from each of the four financial statements
Credits
IACET CEUs: 0.5
ATD CI Credits: 5
HRCI Credits: 5
PMI PDUs: 5
SHRM PDCs: 5
Key Features
- Mobile-friendly
- Audio-enabled
- Badge and credit-awarding
- Real-world case studies
- Fully accessible
- Games & Flashcards
- Expert-supported
- Video content
Testimonials
This was pretty insightful, educational and easy to use!
-Rob L
I thought this was very informative, thanks!
-Micaela M.