Accounting Basics for a General Ledger and the Chart of Accounts
INTRODUCTION
This course begins with an introduction to Generally Accepted Accounting Principles (GAAP) and an exploration of accounting systems. It continues with an exploration of journalizing, trial balances, and the adjusting process that leads to the creation of the four major financial statements companies produce: income statement, statement of owner’s equity, balance sheet and statement of cash flows.
Course Objectives
- GAAP and other legal requirements for accounting and reporting
- The Accounting Equation
- Single-Step and Multiple-Step Financial Statements
- Double-Entry and Manual Accounting Systems
- The General Ledger and Chart of Accountings
- Trial balances and the adjusting process
- Ethical standards in accounting
Target Group
- Managers, supervisors and staff from any function including the accounting department who need to improve understanding and application and techniques of the language of numbers.