This crash course in accounting basics is designed for small business owners, new managers, and people entering the business world.
Learn the language of accounting, how to record transactions, prepare and analyze financial statements and budgets, establish internal controls, and use accounting information for decision making.
Covers the essentials of financial, managerial, and cost accounting.
A suggested pre-requisite for QuickBooks for those who need an intro or refresher on accounting.
Purpose of accounting
Who does accounting
Types of business entities
Double entry bookkeeping
Debits and credits
Chart of accounts
Financial Reporting, Internal Control, and Budgeting
Statement of cash flows
Statement of changes in owner’s equity
Internal controls and documentation
Managerial and Cost Accounting
Managerial accounting for decision making
Cost accounting terminology