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Course Description

In this course, you will learn about the accounting equation and the five categories involved in every business (Assets, Liabilities, Owner’s Equity, Revenue and Expenses). Every financial transaction falls into one or more of these categories. Learn how to create a chart of accounts that meet the needs of your business. You will learn how double entry bookkeeping works and the process of recording debits and credits. This course will show you how to identify, analyze and record transactions using journal entries under the cash basis accounting method.                                                                                    

Course Outline

Unit 1: The Accounting Equation and Categories
Unit 2: Debits and Credits
Unit 3: Assets, Liabilities, and Owner’s Equity
Unit 4: Revenue and Expenses
   
For more information on what is covered in each unit, please click here.                                                                                         

Notes

Instructor: Sharon deFonteny

 

Applies Towards the Following Certificates

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