» » Accounting Foundations Bookkeeping [Released 4302019]

Accounting Foundations Bookkeeping [Released 4302019]

Accounting Foundations Bookkeeping [Released 4302019]
Accounting Foundations: Bookkeeping
.MP4, AVC, 680 kbps, 1280x720 | English, AAC, 160 kbps, 2 Ch | 1h 39m | 636 MB
Instructors: Jim Stice, Earl Kay Stice

Bookkeeping is about collecting information, recording events, and organizing those records to make better decisions. Accountants use the financial transactions recorded in ledgers or "books" to create a company's income statement and balance sheet.


In this course, accounting professors Jim and Kay Stice walk you through the four key steps in the bookkeeping process: analyzing transactions, recording the effects, summarizing the effects, and preparing financial reports. They explain the components of a journal entry-debits and credits-and the essential questions a bookkeeper/accountant asks in reviewing those transactions. They also explain how accountants translate ledger information into financial statements and the role of computer programs in helping businesses manage their accounts.
Topics include:
Reviewing financial statements
Analyzing transactions
Categorizing transactions
Obtaining financing and buying equipment
How revenue and expenses fit in the accounting equation
Recording the sale of goods or services
Posting journal entries to accounts
The accounting cycle: step by step
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