What Will You Learn?

• Accounting basics
• Meaning and purpose of accounting in a business.
• The Accounting Equation
• Assets = Liabilities + Owner’s Equity.
• Debits and Credits
• How transactions increase or decrease accounts.
• Recording Transactions
• Using journals and ledgers to record business activities.
• The Accounting Cycle
• Steps from recording transactions to preparing reports.
• Financial Statements
• Preparing and understanding:
• Income Statement
• Balance Sheet
• Cash Flow Statement
• Business Transactions Analysis
• How to analyze and classify transactions correctly.
• By the end of the course, you will be able to record financial transactions and prepare simple financial reports for a business.