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
Sam Walton's ideas for a discount store were rejected by executives at Ben Franklin as totally unworkable. Unconvinced, Walton went out on his own to form Wal-Mart. He became one of the most successful retailers in the country.