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Basic Accounting

This course introduces basic concepts and practices of accounting and double-entry bookkeeping. Journals, ledgers, and various types of accounts are described and discussed. Real-world business transactions are analyzed, and their proper entry into financial records is demonstrated. Students learn how to determine profit or loss on a cash or accrual basis and related skills, such as preparing budgets and reading basic financial statements.

  • Programs: Online Learning
  • Format: Online
  • Section: A
  • Course Number: CRN 1708 - NMGT 0113 A
Jun 03 - Aug 04
Online
Summer 2019
CRN 1708
What you will learn
  • Determine profit or loss on a cash or accrual basis and related skills, such as preparing budgets; and
  • Read basic financial statements.
Benefits
  • Gain familiarity with the vocabulary and structure of accounting;
  • Be able to keep accounts of a small business;
  • Begin to understand internal management reports, and external financial statements for investment;
  • Understand the use of accounting as a language to elucidate or deceive; and
  • Become aware of accounting decisions and their underlying process.
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