Basic Bookkeeping

Description

Bookkeeping is about collecting information, recording events, and organizing those records to make better decisions. Accountants use the financial transactions recorded in ledgers or "books" to create a company's income statement and balance sheet.

In this course, we walk you through the four key steps in the bookkeeping process: analyzing transactions, recording the effects, summarizing the effects, and preparing financial reports. They explain the components of a journal entry - debits and credits, and the essential questions a bookkeeper/accountant asks in reviewing those transactions. They also explain how accountants translate ledger information into financial statements and the role of computer programs in helping businesses manage their accounts.

Learning Outcomes

• Identify how a balance sheet reflects the accounting equation.


• Name the account where debits are increases and credits are decreases.


• Define a journal.


• List the three things, in order, that you must address when making journal entries.


• Explain the function of financial statements that is most important for entrepreneurs.


• Assess the purpose of a trial balance.

Career Opportunities

Bankers, finance professionals, engineers, accountants, lawyers/regulators, consultants, educators, HR personnel, corporate innovators, students from all backgrounds, career switchers, entrepreneurs.

Who Should Attend

Students from Finance and Accounting, Bankers, finance professionals, engineers, accountants, lawyers/regulators, consultants, educators, HR personnel, corporate innovators, students from all backgrounds, career switchers, entrepreneurs.

Frequently Asked Questions