The Basics of Business Accounting
What you'll learn
- 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.
Requirements
- Basic math skills
- General knowledge of service or manufacturing organizations
- Analytical approach to problem solving
- Desire to learn the fundamentals of business accounting
Description
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:
Balance Sheet
Income Statement
Cash Flow Statement
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.
Read what students have said about "The Basics of Business Accounting":
"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.
"Using simple real life example to teach accounting to a non-accounting audience" - Anish J.
"This class was very good. Love the balance sheet and income statement. Thank you so much for your time." - Leavon R.
"It's a good review of accounting basics. A good refresher from my accounting class from years ago." - Kris S.
"For someone who has very little experience, the material is presented in a way that is very easy to understand." - Laura H.
"I really enjoyed this class. Ray makes understanding concepts which I typically struggle with seem easy. I would highly recommend taking this class if you want to learn the basics of accounting." - Deanna G.
Who this course is for:
- Anyone desiring to expand their business foundation
- Engineers, technicians, supervisors, non-financial managers, inventory specialists
- Small business owners, manufacturing supervisors, entrepreneurs
Instructor
- 4.5 Instructor Rating
- 38,124 Reviews
- 107,660 Students
- 56 Courses
Ray Harkins is a senior manufacturing professional with over 30 years of experience in quality management, manufacturing engineering, and business analysis. During his career, he has toured hundreds of manufacturing facilities and worked with leading industry professionals throughout North America and Japan.
He earned his Bachelor of Science from the University of Akron where he studied Engineering Technology, his Master of Science from Rochester Institute of Technology where he studied Manufacturing Leadership and Project Management, and his Master of Business Administration from Youngstown State University.
He is a senior member of the American Society of Quality, and holds their Quality Engineering (CQE), Quality Technician (CQT), Quality Auditing (CQA) and Calibration Technician (CCT) certifications.
Ray has written extensively for national trade publications on the topics of quality engineering and career management and has taught over 100,000 students through the Udemy platform on a range of manufacturing-related topics.