Accounting System Structure and Information Management
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. Free Preview! Access Module 1 for free. For full course access, upgrade to a verified certificate.Created by: New York Institute of Finance
Level: Introductory
Related Online Courses
Accounting is the language of business. It is difficult to understand business without knowing some accounting. Knowing accounting will help learners better understand and contribute to their own... more
In this online course, you will learn the theory behind the design of the Value Added Tax (VAT) gap estimation model of the International Monetary Fund’s Revenue Administration Gap Analysis P... more
Ready to earn a professional certificate and stand out in your field? If you’ve gained a clear, comprehensive understanding of the courses, your next step is to complete the Fixed Income P... more
Want to explore ambitious teaching and how collaboration between students and teachers can lead to deeper learning and the development of 21st-century skills? This course is developed in... more
When you read the Declaration of Independence do you feel inspired? Do you question those words? Do you think about what this means today? Constitutional democracy is not just what was written on... more
Powered by
