Basic Business Finance

Basic Business Finance

Confused by debits, credits, balance sheets, and other business accounting terms? This is the course for you!

An understanding of basic finance is always useful, regardless of your role in an organization. Accountant Rayanne Buchianico will walk you through the fundamentals of understanding terminology and reading reports, and help you learn the basic accounting and finance concepts you need to be successful in modern business.

Topics covered include:

• Describing the Accounting Equation (Assets = Liabilities + Equity)

• Explaining the use of General Journal Entries and double-entry accounting

• Setting up a Chart of Accounts

• Distinguishing between calendar year and fiscal year

• Reading balance sheets, income statements, and the statement of cash flows

• Discussing Assets, Liabilities, Equity, Debits, Credits, Revenue, Expenses, and the Accounting Process

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Objectives. You will be able to:

• Describe the Accounting Equation (Assets = Liabilities + Equity)

• Explain the use of General Journal Entries and double-entry accounting·

• Distinguish between the calendar year and fiscal year·

• Discuss Assets, Liabilities, Equity, Debits, Credits, Revenue, Expenses, and the Accounting Process

Learn debits, credits, assets, liabilities, and all the accounting basics every business professional should know. Confused by debits, credits, balance sheets, and other business accounting terms? This is the course for you!

Learn Debits, Credits, Assets, Liabilities, and all the Accounting Basics Every Business Professional Should Know

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What you will learn

• Describe the Accounting Equation (Assets = Liabilities + Equity)
• Explain the use of General Journal Entries and double-entry accounting
• Distinguish between calendar year and fiscal year

Rating: 3.9

Level: All Levels

Duration: 1 hour

Instructor: Bigger Brains