Accounting for Business: Basics

Funding & Finance

Accounting for Business: Basics

Course Number: WCCF-FF1002

Duration: One day

Price: $399.00

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Description:

This course introduces students to the fundamentals of financial management. Students will become familiar with basic accounting concepts and terms, track business transactions, use universal accounting tools such as the general journal, general ledger, and trial balance. Course activities also cover the purpose and how to use the four financial statements-the income statement, the balance sheet, the cash flow statement, and the statement of stockholders' equity. Finally, students learn how to create and enforce a budget by analyzing financial statements, setting objectives, and monitoring performance. The manual is designed for quick scanning in the classroom and filled with interactive exercises that help ensure student success.

Course Core Competencies:

Basics of accounting

Topic A: Accounting

Topic B: Key accounting terms

Accounting cycle

Topic A: Basics of the accounting cycle

Topic B: Analyze, record, and post transactions

Topic C: Trial Balance

Income Statement

Topic A: Income Statement basics

Topic B: Prepare and interpret an Income Statement

Balance Sheet

Topic A: Balance Sheet basics

Topic B: Prepare Balance Sheets

Topic C: Interpret Balance Sheets

Other financial statements

Topic A: Cash Flow Statement

Topic B: Statement of Stockholders' Equity

Budgeting

Topic A: Fundamentals of budgeting

Topic B: Analyze financial statements

Topic C: Set objectives

Topic D: Monitor performance

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At Write Choice Consulting Firm we strive to work with organizations to achieve their transformation and transitional goals, identify and organize their tools for success, and design an operational model to effectively implement the chosen strategy.

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