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Course Fee:
$499.00
Course Time: 2 days, 9:30 am - 4:30 pm
The Accounting Fundamentals 2-day
seminar will take you through the accounting cycle including steps in preparing
financial statements. Students learn how to record transactions in the books and
in turn prepare financial statements themselves.
Course Content:
Accounting- Defined
- Accounting: The language of business
The
purpose of Accounting
- Why
study Accounting?
- Preparing accounting reports: Financial Statements
- Users
of Accounting
The
building blocks of Accounting
- Ethics
- GAAP
- Forms
of business organizations
- Basic
accounting equation
Accounting
Cycle: Using the building blocks
- Transaction Analysis
- Debits & Credits
- The
Journal
- The
Ledger
- The
Recording Process
- Trial
Balance
Period End
Adjustments:
- Timing Issues
- Revenue Recognition Principle
- Matching Principle
- Types
of Adjusting Entries
- Adjusted Trial Balance
Closing
the books
- Closing Entries
- After
closing Trial Balance
Preparation of Financial Statements
- Income Statement
- Statement of Owner’s Equity
- Balance Sheet
- Statement of Cash Flows
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