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Made in

English
Last updated at

Fri, 05-Apr-2024
Level
Beginner
Total lessons

77
Total duration

03:00:00 Hours
Number of reviews

1
Total enrolment

6
Avg rating
Short description
So the good thing about accounting is that you can start out wherever you want, at the beginning, the middle, or the end and you will still wind up at the same place, nowhere (Just kidding). You really have to start at the beginning, or you will get lost. So let’s start there, with some basic terminology. Some of this stuff may ring a bell for those of you who took accounting previously, were hired to keep the books at the corner of Mom & Pop’s shop, or, were too cheap to hire a “real Accountant” and tried to do your own books.
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Requirements
  • Computer Literate
  • Understand English
Outcomes
  • Understand basic accounting terminology.
  • Identify the differences between the cash and accrual accounting methods.
  • Keep track of your business by becoming familiar with accounts payable and accounts receivable.
  • Use a journal and general ledger to document business financials.
  • Utilize the balance sheet.
  • Identify different types of financial statements.
  • Uncover the reasons for and actually create a budget.
  • Be familiar with internal and external auditing.
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