This course is an introduction into business accounting. First, you’ll get an overview of the many different types of businesses as well as an understanding of accounting's role within them.
You’ll learn about generally accepted accounting principles (GAAP), which are the common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.
Next, we get into the mechanics of the double entry accounting system. You’ll practice entering and adjusting accounting information, making entries in journals, posting to accounts, then preparing financial statements. Lastly, learn how to prepare closing entries and finish the account cycle to get ready for the next year.
I am a technically trained CPA who has spent most of my professional career as the manufacturing controller for the Fortune 500 company, Corning Incorporated. I’ve held various technical and manufacturing accounting rolls, such as serving as the President of ECT Solutions. I was also a college professor of accounting for 5 years. I currently works as a controller at Persistent Systems.