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Accounting and Business Basics

Course Description

1 Hrs 46 Min

10 Videos

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Course Syllabus

Module 1: Accounting

  1. Introduction
  2. Business Entities
  3. Beginning Your Business
  4. Financial Basics Part 1
  5. Financial Basics Part 2
  6. Employees Payroll
  7. Getting Your Business Out There
  8. SEO
  9. Other Topics
  10. Closing

Has Accounting always sounded like a foreign language to you?

Do Financial Statements add so much confusion to your life that you secretly avoid them?

If you are struggling to understand ‘the numbers’ as they say and have answered YES to ANY of these questions – You’ve come to the right place.

Basic accounting provides information to identify and classify financial transactions. Business owners often need basic accounting skills to manage their company’s financial information.

The Basics of Business Accounting starts at the very beginning introducing the student to essential accounting principles and concepts that apply to any business or industry.  Through this course, the student will learn to interpret the key sections of the Four Main Financial Statements: the Balance Sheet, the Income Statement, the Cash Flow Statement, and the Statement of Owners’ Equity.

Students will learn to apply the Fundamental Accounting Equation, and other vital accounting concepts such as depreciation, revenue recognition, accrual accounting, cash flow, and many others.

Business owners might consider attending basic accounting courses at a local university to improve their understanding of business accounting. Websites and business ownership seminars are informal resources business owners can use to improve their basic accounting knowledge for small businesses.

Accounting is the process of systematically recording, analyzing, and interpreting your business’s financial information. Business owners use accounting to track their financial operations, meet legal obligations, and make stronger business decisions.

Regardless of who manages your business accounting, it’s wise to understand accounting basics. If you can read and prepare these basic documents, you’ll understand your business’s performance and financial health as a result, you’ll have greater control of your company and financial decisions.

Here are the documents and calculations we recommend mastering, even if you work with a professional, consulting agency, or have hired a certified public accountant (CPA). They provide valuable snapshots and measures of your business performance.

This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together.

Accounting for small businesses is done by keeping a complete record of all the income and expenses and accurately extracting financial information from business transactions.

Whether you are starting your own business or supplementing your understanding of accounting, this business course will help you understand accounting basics and give you meaningful financial tools to understand business.

Who this course is for:

  1. Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way.
  2. Business Owners looking for a quick refresher to Basics of Financial Accounting.
  3. Managers with limited accounting backgrounds.
  4. Budding Investors who think reading Financial Statements and Understanding Accounts is their ‘weakest link.’

What you’ll learn:

  1. You will BUILD A SOLID FOUNDATION IN UNDERSTANDING BUSINESS by learning the Basics of Accounts.
  2. You will understand how the Income Statement, Balance Sheet and Cash Flow Statement work and tie in together.
  3. You will learn practical strategies which can be used to REACH BUSINESS GOALS FASTER.
  4. You will have a complete ‘Paradigm shift’ in how you view business making you understand the world of Business better.
  5. You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies.
  6. You will LEARN TO READ FINANCIAL STATEMENTS to assess the health of any Business.
  7. You will learn about common Entrepreneurial mistakes – such as not understanding the difference between Profits and Cash Flow which drain an Entrepreneurs Resources.
  8. You will learn ‘Accounting Jargon’ and ‘Real Life Business Examples’ making you a better Investor.
  9. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts.
  10. Necessary accounting terminology and concepts.
  11. The basics of the four financial statements.
  12. The building blocks of financial accounting.
  13. The different accounting cycles in a business break-even analysis, target profit analysis, and degree of operating leverage.


  • Vast selection of courses and labs Access
  • Unlimited access from all devices
  • Learn from industry expert instructors
  • Assessment quizzes and monitor progress
  • Vast selection of courses and labs Access
  • Blended Learning with Virtual Classes
  • Access to new courses every quarter
  • 100% satisfaction guarantee

You Will Get Certification After Completetion This Course.

Instructor Led Lectures
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Visual Demonstrations, Educational Games & Flashcards
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Mobile Optimization & Progress Tracking
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Practice Quizzes And Exams
IT Tutor Pro Formerly It Nuggets Online’s custom practice exams prepare you for your exams differently and more effectively than the traditional exam preps on the market. Students will have practice quizzes after each module to ensure you are confident on the topic you are learning.
World Class Learning Management System
IT Tutor Pro Formerly It Nuggets provides the next generation learning management system (LMS). An experience that combines the feature set of traditional Learning Management Systems with advanced functionality designed to make learning management easy and online learning engaging from the user’s perspective.

Frequently Asked Questions

How does online education work on a day-to-day basis?
Instructional methods, course requirements, and learning technologies can vary significantly from one online program to the next, but the vast bulk of them use a learning management system (LMS) to deliver lectures and materials, monitor student progress, assess comprehension, and accept student work. LMS providers design these platforms to accommodate a multitude of instructor needs and preferences.
Is online education as effective as face-to-face instruction?
Online education may seem relatively new, but years of research suggests it can be just as effective as traditional coursework, and often more so. According to a U.S. Department of Education analysis of more than 1,000 learning studies, online students tend to outperform classroom-based students across most disciplines and demographics. Another major review published the same year found that online students had the advantage 70 percent of the time, a gap authors projected would only widen as programs and technologies evolve.
Do employers accept online degrees?
All new learning innovations are met with some degree of scrutiny, but skepticism subsides as methods become more mainstream. Such is the case for online learning. Studies indicate employers who are familiar with online degrees tend to view them more favorably, and more employers are acquainted with them than ever before. The majority of colleges now offer online degrees, including most public, not-for-profit, and Ivy League universities. Online learning is also increasingly prevalent in the workplace as more companies invest in web-based employee training and development programs.
Is online education more conducive to cheating?
The concern that online students cheat more than traditional students is perhaps misplaced. When researchers at Marshall University conducted a study to measure the prevalence of cheating in online and classroom-based courses, they concluded, “Somewhat surprisingly, the results showed higher rates of academic dishonesty in live courses.” The authors suggest the social familiarity of students in a classroom setting may lessen their sense of moral obligation.
How do I know if online education is right for me?
Choosing the right course takes time and careful research no matter how one intends to study. Learning styles, goals, and programs always vary, but students considering online courses must consider technical skills, ability to self-motivate, and other factors specific to the medium. Online course demos and trials can also be helpful.
What technical skills do online students need?
Our platform typically designed to be as user-friendly as possible: intuitive controls, clear instructions, and tutorials guide students through new tasks. However, students still need basic computer skills to access and navigate these programs. These skills include: using a keyboard and a mouse; running computer programs; using the Internet; sending and receiving email; using word processing programs; and using forums and other collaborative tools. Most online programs publish such requirements on their websites. If not, an admissions adviser can help.