The Basics of Business Accounting
- 2.5 hours on-demand video
- 1 article
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- The ability to understand and interpret financial statements
- Balance Sheets, Income Statements, Cash Flow Statements and Statements of Owners' Equity
- The fundamentals of Accural Accounting
- Key accounting concepts such as Depreciation, the Fundamental Accounting Equation, Revenue Recognition, Assets, Liabilities, and much more.
- Terminology like SG&A, Amortization, Unearned Revenue, Current and Non- Current Liabilities, Fixed Assets, and much more.
- Basic math skills
- General knowledge of service or manufacturing organizations
- Analytical approach to problem solving
- Desire to learn the fundamentals of business accounting
The Basics of Business Accounting starts at the very beginning introducing the student to essential accounting principles and concepts that apply to any business or industry. Through this course, the student will learn to interpret the key sections of the Four Main Financial Statements: the Balance Sheet, the Income Statement, the Cash Flow Statement, and the Statement of Owners' Equity.
Students will learn to apply the Fundamental Accounting Equation, and other vital accounting concepts such as depreciation, revenue recognition, accrual accounting, cash flow, and many others.
The Basics of Business Accounting will add the crucially important skills of understanding, interpreting and building financial statements to your existing business and management skill base.
"Ray has done a great job by teaching a robust approach to accounting that has ranged from its history to practical development and application." - Dion B.
- Anyone desiring to expand their business foundation
- Engineers, technicians, supervisors, non-financial managers, inventory specialists
- Small business owners, manufacturing supervisors, entrepreneurs
Explain the nature of economic entities and why understanding them is critical t the foundation of accounting.
Meet the Luca Pacioli, and learn why he's honored with the moniker "The Father of Accounting".