Accounting System Structure and Information Management
This course begins with an introduction to financial accounting and explains how accounting information assists in making decisions. We’ll look at the components of the balance sheet and analyze the effect of transactions on the balance sheet equation. We’ll review the different types of ownership and compare the features of sole proprietorships, partnerships, and corporations.
We’ll then proceed to learn how accountants measure income and explore the concepts of revenue recognition and matching. We’ll look into the relationship between the balance sheet and income statement and cover the statement of retained earnings and earnings per share.
We’ll wrap up this course with a look at the double-entry system and recording process and learn how to prepare and use a trial balance.
This course is part 1 of the New York Institute of Finance’s Financial Accounting Professional Certificate.
Free Preview! Access Module 1 for free. For full course access, upgrade to a verified certificate.
Upcoming start dates
- Self-paced Online
Who should attend?
- Basic MS Excel skills
- Elementary mathematics
- Mod 01: Accounting Concepts
- Mod 02: Measuring Income
- Mod 03: Recording Transactions
Course delivery details
This course is offered through New York Institute of Finance, a partner institute of EdX.
1-2 hours per week
- Verified Track -$50
- Audit Track - Free
Certification / Credits
What you'll learn
- Accounting Concepts
- Measuring Income
- Recording Transactions
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