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Financial Accounting Course

A painless and quick 20 lesson introduction to financial accounting for small business owners and non-accountants.

Introduction

Why Accounting is Not an Exact Science

Generally Accepted Accounting Principles

The Fundamental Accounting Equation

Revenue and Expenses

Debits and Credits

Analyzing Transactions

Bases of Accounting

Accounts Receivable

Accounts Payable and Wage Withholding

Prepaid Expenses and Deferred Revenue

Fixed Assets and Depreciation

Inventory and Costs of Goods Sold

The Accounting Cycle

Financial Statement Preparation

Goodwill and Liquidating Value

Liquidity and Ratio Analysis

Distinguishing Profit from Owner Compensation

Using Percentage Conversions

Internal Controls and the Reliability of Financial Statements

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