Accounting 101: The Fundamentals (SBU)
Take command of a bookstore and coffee bar and see how money moves in and out of a business learning the fundamentals of accounting at the same time. This course provides an in-depth look at each of the primary accounting transactions used in a business demonstrating how "the language of business" works. Without using any accounting jargon to begin with, the course demonstrates how to keep score in a business through a simple scorecard approach. When you are finished, you are shown that each of your scorecards represents one of the three primary financial statements used in managing a business. Topics covered by this course include: The language of business Keeping score in a business Money coming in Money going out Money owed to you Money you owe Handling cash and large costs The balance sheet The income statement The cash flow statement Course Objectives To discuss the three fundamental "scorecards" for keeping track of money in a business and to show you how each operates. To present the basic transactions that any business encounters including: money coming in, money going out, money owed to you, and money you owe. To present ways to manage cash and its flow through your business, as well as, dealing with large costs. To show you how to create and understand the balance sheet, income statement, and cash flow statements. Course is approximately 3.0 hours to 3.5 hours in length and provides over 149 animated slides complete with voiceover narration.
Co-Sponsor(s): Greater Mount Airy Chamber of Commerce, Yadkin County Chamber of Commerce, Yadkin Valley Chamber of Commerce
Fee: No Cost