Do Bookkeeping & Earn Money
What you'll learn
- Be able to keep accounting records for a service company and a merchandise company.
- Know how to use excel in recording business transactions.
- Complete two case studies where you keep the accounting records - one for a service company and one for a merchandise company. Using excel you record journal entries, summarize in the ledger, take a trial balance, do adjusting entries and present an income statement and balance sheet for each company.
Requirements
- Everything will be provided
Description
Learn and Master the Accounting ( Bookkepping) Process.
Understand that accounting is the language of business.
Know business terminology (biz speak).
Understand the difference between a corporation and a single proprietorship.
Understand an Income Statement and how to prepare one.
Understand a Balance Sheet and how to prepare one.
Know how to analyse and record business transactions
Learn how to use debits and credits to record business transactions.
Know how to use the accounting journal and ledger,
Complete a set of accounting records for a service business using excel spreadsheets.
Complete a set of accounting records for a merchandise company using excel spreadsheets.
This course is unique in that it contains a number of excel projects on using a set of accounting records first for a service company and then a merchandise company.
Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive.
The primary purpose of bookkeeping is to record the financial effects of transactions. An important difference between a manual and an electronic accounting system is the former's latency between the recording of a financial transaction and its posting in the relevant account.
Who this course is for:
- People interested in doing bookkeeping
Instructor
- 4.2 Instructor Rating
- 1,300 Reviews
- 10,366 Students
- 27 Courses
I am a Professor of Accounting with over thirty-five years of experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.
I earned the Certified Management Accountant Designation 40 years ago. With that I then earned my Master of Business Administration degree and later a Ph.D. in accounting.
For five years, I owned and operated a successful small business. I purchased a profitable small manufacturing company employing eleven employees. I developed two additional product lines and doubled the annual profits.
Dr. John