What I Will Learn
- The important accounting terminology including accounting concepts and principles with a minimum of jargon.
- The activities of the accounting cycle process beginning with recording transactions and ending with the creation of the financial statements.
- The purpose and structure of the three main financial statements, the Income Statement, Balance Sheet, and the Cash Flow Statement.
- The identity and source of the various line items found on the financial statements.
- Ways to analyze your financial statements to determine the financial vital signs of your business.
- The distinction between accrual and cash accounting.
- Topics such as financing your business, depreciation, debit and credit, current and long-term assets and liabilities, accounting principles, cash flow, dividends.
- And much more.
Entrepreneur Fact
Over the past 10 years Fortune 500 companies have laid off 4.4 million workers. This workforce reduction has caused a record number of people to seek home-based careers.