The program introduce you to the basics of accounting, including GAAP - the generally accepted accounting principles. You'll learn about owners Equity, the three types of business organizations, the five types of accounts, and three types of financial statements.
Topics Covered
~ GAAP
~ 3 types of business organizations
~ Asset account
~ Liability account
~ Owner's account
~ Revenue account
~ Expense account
~ Income statement
~ Statement of changes in owner's equity
~ Balance sheet
~ Basic accounting equation
~ Internal vs. external transactions
|