Introduction to Business Accounting

Course details

This Introduction to Business Accounting Training covers the basics of business accounting. You will learn about the accounting equation, analyzing transactions, preparing a worksheet, financial statements, and the fiscal year. This course is designed as a survey course that will expose you to business terminology, concepts, and current business issues. The intent is to develop a viable business vocabulary, foster critical and analytical thinking, and refine your business decision-making skills. These skills will be acquired by the reading materials, exercises, and research assignments in this course that simulate the workplace today. By delving into the five units of this course, you will be able to fine tune your direction and choice of career in business. So, if you want to learn more on accounting and looking for an Accounting foundation, you can get this course now.

Why Should You Choose Introduction to Business Accounting Training

Internationally recognised accredited qualification
1 year accessibility to the course
Free e-Certificate
Instant certificate validation facility
Properly curated course with comprehensive syllabus
Full-time tutor support on working days (Monday – Friday)
Efficient exam system, assessment and instant results
Access to the course content on mobile, tablet or desktop from anywhere anytime
Eligible for **NUS Extra** card which gives you 1000’s of discounts from biggest companies.

COURSE CURRICULUM

Professional Bookkeeper Introduction

• Professional Bookkeeper

Introduction to Accounting and Business

• Defining a Business
• Ethics in Accounting
• Generally Accepted Accounting Principles (GAAP)

The Accounting Equation

• The Accounting Equation
• Transactions
• Financial Statements

Analyzing Transactions

• The Accounting Equation and Transactions
• Double-Entry System
• Transactions – Journalizing
• Journal Entries

Entering Information - Posting Entries

• Posting Entries
• The Trial Balance
• Finding Errors Using Horizontal Analysis
• Horizontal Trend : Balance Sheet
• Horizontal Trend: Income Sheet

Adjusting Process

• The Purpose of the Adjusting Process

Adjusting Entries

• Adjusting Entries – Prepaid Expenses
• Adjusting Entries – Accrued Revenues
• Adjusting Entries – Depreciation Expense

Adjustment Summary

• Adjustment Summary – Review
• Vertical Analysis

Preparing a Worksheet

• Preparing a Worksheet

Financial Statements

• The Income Statement
• Financial Statements – Definitions

Completing the Accounting Cycle

• Temporary vs. Permanent Accounts

The Accounting Cycle Illustrated

• Accounting Cycle Illustrated – Steps 1-5
• Accounting Cycle Illustrated – Steps 6-10

Fiscal Year

• Fiscal Year

Spreadsheet Exercise

• Spreadsheet Exercise – Steps 1-4
• Spreadsheet Exercise – Steps 5-7

Updated on 17 September, 2019