Accounting System Structure and Information Management

Get introduced to accounting concepts and learn how accountants measure income and record transactions.

Accounting System Structure and Information Management

There is one session available:

After a course session ends, it will be archived.
Estimated 4 weeks
1–2 hours per week
Self-paced
Progress at your own speed

About this course

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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.

Free Preview! Access Module 1 for free. For full course access, upgrade to a verified certificate.

At a glance

  • Institution: NYIF
  • Subject: Economics & Finance
  • Level: Introductory
  • Prerequisites:

    ● Basic MS Excel skills

    ● Elementary mathematics

What you'll learn

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  • Accounting Concepts
  • Measuring Income
  • Recording Transactions
  • Mod 01: Accounting Concepts (Audit this module for Free )

  • Mod 02: Measuring Income

  • Mod 03: Recording Transactions

About the instructors