Financial Accounting Made Easy for All

Description

In this course, you will :

• Explain the thirteen accounting principle.
• Classify assets, liabilities and owner’s investment.
• Describe the rules of debit and credit.
• Record entries in the journal book.
• Construct the T-account from journal entries.
• Construct the Trial balance.
• Construct the income statement and balance sheet with the help of the trial balance.
• Explain the impact of each transaction on the components of the balance sheet.
• Compute the net cash flows from operating, investing and financing activities.
• Explain how a transaction affects the income statement, balance sheet and cash flow statement.