This course is designed to review the principles related to business accounting. The course uses discussion boards, video, and scenario based activities to reinforce the concepts.

Course Level: Introductory

Targeted Learners: This course is applicable for all employees who may be responsible for creating budgets, managing finances, or have an interest in accounting.

Learning Outcome:

  • Explain key financial terms
  • Determine your role in company finances
  • Find the rules and regulations for your area and industry
  • Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
  • Explain how a chart of accounts is created
  • Tell the difference between cash and accrual accounting
  • Explain single entry and double entry bookkeeping
  • Differentiate between debits and credits
  • Identify and analyze important financial data
  • Read annual reports
  • Determine whether a company is financially high or low risk
  • Recognize different types of organizational financial plans
  • Explain what budgets are and how to prepare them