Accounting and Business Basics

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.