Course description
Accounting Fundamentals for Small Businesses
Following basic accounting principles is an essential and necessary part of any business, regardless of size. As a small business owner, it is crucial to recognize the importance of maintaining proper financial records. Accounting records help identify sources of revenue, monitor the progress of business operations, assist in identifying areas that need improvement, and aid in preparing accurate financial statements. This course will introduce you to fundamental accounting concepts and develop your ability to record and analyze business transactions, and prepare the four major financial statements.
Upcoming start dates
Training content
- Understand the business entity concept and how it is applied
- Apply the rules of double-entry accounting
- Create and record business transactions
- Understand how to post transactions to the general journal and general ledger
- Explain the concept of T-accounts
- Discuss the systematic classification of accounts in the chart of accounts
- Interpret the rules of debit and credit
- Explain the general purpose of financial statements
- Describe the relationships between financial statements
- Analyze and interpret information from each of the four financial statements
Course delivery details
Course Access Time: 90 days
Certification / Credits
Credits: 0.5 CEUs / 5 PDUs / 5 HRCIs / 5 SHRMs
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Over 300 instructor-led and online courses in leadership & business management taught by experienced practitioners
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Project Management Experts, LLC
Project Management Experts (PME) is just that, a consortium of project management experts with at least 20 years of experience who have re-directed their careers to improving the project management competency of our clients. Our training classes focus on building...