In this course, we will explore the nature of business in accounting, specifically the different types of businesses and how accounting fits into them. We will describe proper conduct for a professional bookkeeper.
We will talk about generally accepted accounting principles and the rules of accounting. This will include several topics, such as an overview of GAAP, ethics in accounting, and the business entity principle.
We will then discuss the actual mechanics of the double-entry accounting system. You will be able to practice entering and adjusting accounting information. You will learn to use the account equation, make entries in journals, post to accounts, and prepare financial statements.
Lastly, you will learn how to prepare closing entries and finish off the accounting cycle to prepare the company for the next fiscal 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.