Principles Of Financial Accounting - Udemy

What you'll learn
Identify the accounting principles and the role of accounting in sustainable business organizations
Measure and record balance sheet and income statement elements in organizations
Be able to get an "A" in your college or University Introductory Financial Accounting course.
Be well prepared to take a more advanced accounting course.
Be able to keep accounting records for a service company and a merchandise company.
Know how to use excel in recording business transactions.
Complete two case studies where you keep the accounting records - one for a service company and one for a merchandise company. Using excel you record journal entries, summarize in the ledger, take a trial balance, do adjusting entries and present an income statement and balance sheet for each company.
Requirements
The excel spreadsheet files will be provided.
Description
This is an introductory financial accounting course that covers all the financial accounting concepts offered in an introductory financial accounting course at university or college. Financial accounting is the process of recording, summarizing and reporting a company's business transactions through financial statements. These statements are: the income statement, the balance sheet, the cash flow statement and the statement of retained earnings.Learn and Master the Financial Accounting Process.Understand that accounting is the language of business.Know business terminology (biz speak).Understand the difference between a corporation and a single proprietorship.Know the three forms of business - service company, merchandise company and a...

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