The Accounting Cycle

Description:
The course was designed to cover critical business and professional development topics in the shortest time possible. With a wealth of hands-on exercises, the course keeps you engaged and help you retain critical skills.

Made for the beginner, this concise course maps out the accounting cycle: balance sheets, income statements, ledger transactions, trial balances, and closing entries. Ideal for small or new businesses, this course explains single-entry and double-entry accounting and cash versus accrual accounting.

Duration: One day

Table of Contents:

Introduction

Part 1: Overview of the Accounting Cycle
The Accounting Cycle
Steps in the Accounting Cycle
Temporary and Permanent Accounts

Part 2: Cash or Accrual Accounting?
Cash or Accrual Accounting?

Part 3: Basic Recordkeeping Systems
Setting Up the Books
The Chart of Accounts
Key Word Recognition
Single-Entry Recordkeeping
Double-Entry Recordkeeping
A Few Recordkeeping Techniques