Accounting System Structure and Information Management
About this courseSkip About this course
This course begins with an introduction to financial accounting and explains how accounting information assists in making decisions. We’ll look at the components of the balance sheet and analyze the effect of transactions on the balance sheet equation. We’ll review the different types of ownership and compare the features of sole proprietorships, partnerships, and corporations.
We’ll then proceed to learn how accountants measure income and explore the concepts of revenue recognition and matching. We’ll look into the relationship between the balance sheet and income statement and cover the statement of retained earnings and earnings per share.
We’ll wrap up this course with a look at the double-entry system and recording process and learn how to prepare and use a trial balance.
This course is part 1 of the New York Institute of Finance’s Financial Accounting Professional Certificate.
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At a glance
What you'll learnSkip What you'll learn
- Accounting Concepts
- Measuring Income
- Recording Transactions
Mod 01: Accounting Concepts (Audit this module for Free )
Mod 02: Measuring Income
Mod 03: Recording Transactions