Basic Bookkeeping

Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers. Some of us enjoy dealing with numbers while others may have a fear of them, or even a phobia. For those of you who have already recognized and appreciate the impact that numbers actually have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!

Course Objectives:

At the end of this course, participants should be able to:

• Understand bookkeeping and its key terms
• Differentiate between bookkeeping and accounting
• Understand the types of financial transactions and the accounting equation
• Explore the categories and structure of the chart of accounts
• Practice recording sales, revenue, and purchases
• Determine how to handle accounts receivable and payable
• Identify the purpose of the general ledger and financial statements
• Prepare income statements, balance sheets, and cash flow statements
• Recognize taxation basics and legal requirements