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Accounting Fundamentals for Small Businesses
Course Description
Following basic accounting principles is an essential and necessary part of any business, regardless of size. As a small business owner, it is crucial to recognize the importance of maintaining proper financial records. Accounting records help identify sources of revenue, monitor the progress of business operations, assist in identifying areas that need improvement, and aid in preparing accurate financial statements. This course will introduce you to fundamental accounting concepts and develop your ability to record and analyze business transactions, and prepare the four major financial statements.
This program is open enrollment (fully online) and can begin within 2-3 business days of registration.
Estimated time to complete: 5 hours
Access to this program is 90 days.
Learning Outcomes:
- Understand the business entity concept and how it is applied
- Apply the rules of double-entry accounting
- Create and record business transactions
- Understand how to post transactions to the general journal and general ledger
- Explain the concept of T-accounts
- Discuss the systematic classification of accounts in the chart of accounts
- Interpret the rules of debit and credit
- Explain the general purpose of financial statements
- Describe the relationships between financial statements
- Analyze and interpret information from each of the four financial statements
- Mobile-friendly
- Fully accessible
- Games & Flashcards
- Video content
- Audio-enabled
- Badge and credit-awarding
- Real-world case studies
- Expert-supported
Notes
This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
This course does not require any additional purchases of supplementary materials.
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs. Learners will have three attempts at all graded assessments.
Instructor : MindEdge
Dates : 05/30/22
Days : Online
From : -
Fee : $ 99.00
Course Number : ME-338
Class is unavailable at this time please call 973-720-2354 for more information or other course options