FINANCIAL ACCOUNTING

The purpose of the accounting training is to help entrepreneurs acquire the basics of accounting to help them in the financial management of their business. This training is aimed particularly at entrepreneurs of small businesses and accounting students wishing to learn the accounting of transactions to be able to do the bookkeeping of a small business.

The training is based on Canadian Small Business Accounting Standards. Learning these standards is useful because they are close to American standards.

You must click on the links available to obtain the information. Unavailable links are added as you go.

Ledger

 

BASIC CONCEPTS

Introduction to accounting

Types of business

The users of accounting information

Legal structure of business

Generally Accepted Accounting Principle

International Financing Accounting Standards

Accounting period

Income Statement

 

ACCOUTING FOR OPERATIONS

Accounting equation

The accounts

Double Entry Accounting

T-Accounts

Accounting for service business

Accounting for merchandising business

 

ACCOUTING PROCESS AND SYSTEM

Introduction of accounting cycle

Accounting registers

Accounting documents

Workheet

The balance sheet

 

ADJUSTING ENTRIES

Introduction

 

FIXED ASSETS

Classification of assets