Accounting Keys for Small and Home Business

Course details

Objectives

here's a short list of the people it might benefit.

Are you ...

• an entrepreneur?
• running a small business?
• running a home business?
• a professional running your own practice?
• just starting your own business?
• thinking of starting your own business?
• a manager in a company?
• an office manager with bookkeeping duties?
• an administrative assistant with bookkeeping duties?
• a bookkeeper or accounting clerk who has learned on the job and needs to understand the concepts in order to do your job better or be promoted?
• an investor who would like to understand where the numbers are coming from on the financial statements that you read?
• Someone who has taken an academic accounting course and still doesn't know a debit from a credit?

Program Details

WHAT WILL YOU LEARN IN THE ACCOUNTING COURSE?

The important topics that will be covered in the accounting course are:

• Basic accounting concepts, principles and terminology.
• Debits and credits.
• Double entry accounting.
• Types of business entities and enterprises (and their advantages and disadvantages).
• How to set-up and keep a set of books for a small business.
• How to journalize business transactions.
• How to reconcile your bank account.
• How to adjust the books at the end of the fiscal period.
• How to post to a general ledger.
• How to compute payroll.
• How to depreciate assets.
• How to create and understand a Balance Sheet.
• How to create and understand an Income Statement (also called a Profit and Loss Statement or P & L).