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In this course, you will learn :
- he Accounting Equation
- What T-Accounts are
- How T-Accounts and Journal Entries are related
- How to create a simple Balance Sheet
- How to create a simple Income Statement
- Debits and Credits
- How Cash is King
- Cash accounting vs accrual accounting
- Calculating topline revenue
- How to balance your statements
- Key terms and basic equations
Syllabus :
- What = Who
- Let's buy a Tractor!
- Let's do an example!
- Understanding Accounts
- Debits and Credits
- The Trial Balance
- Example together!
- The Balance Sheet
- Making Money and Revenues
- Spending Money and Expenses
- Net Income
- Tying it all together!
- Timing Matters!
- Journal Entries Explained
