- This course explains the main concepts of bookkeeping, revenue, and financial assets
- For the entrepreneurs who want to learn accounting
- Helps you learn how to keep records of transactions, investments, revenues, income generated, and more
Through this course, you will start by addressing the two big questions of accounting: “What do I have?” and “How did I do over time?” You will see how the two key financial statements – the balance sheet and the income statement – are designed to answer these questions, then move on to consider how individual transactions aggregate to make up these financial statements.
After developing a broad understanding of accounting and financial statements, you will learn a more nuanced understanding of individual components of doing business, such as making a sale or building inventory. By considering many of the more common actions of a company, you will build your understanding of accounting, and explore these concepts by applying them across various types of transactions.
Once you understand these individual concepts better, you will be ready to return to the overall financial statements and use them as informational tools, including building ratios.