* You will be able to create accurate and professional looking business records, whether computerized or manual.
* You will be able to explain the accounting system and converse with professionals.
* You will be able to illustrate correct recordkeeping and accounting errors you may make before they get out and be able to identify miscalculations of others.
* You will be able to identify the best ways to approach ledgers, trial balances, and other documents to lead your organization towards its goals and objectives for only in understanding the business cycle can you participate in the business process.
Join us for a comprehensive overview of essential principles and practical applications of financial reports, spot errors, save money, avoid pitfalls, and enhance your career.
Many business people and professionals do not understand the complexities of accounting records they must, however, be familiar with the accounting equation and have a thorough understanding of accounting and bookkeeping principles in order to make informed and accurate decisions and stay ahead of the competition. In addition, those who want to pursue ledger, trial balance, and recordkeeping proficiency, must obtain a solid, practical basis from a professional, otherwise records are meaningless or, even worse, can contain inaccurate information. This topic offers a comprehensive overview of essential principles and practical applications. The information will allow you to more effectively be able to evaluate financial reports, spot errors, save money, avoid pitfalls, and enhance your career. Information is the lifeblood of businesses and nonprofits.
Overview of Accounting Basics
‚Ä¢ Why Is Accounting and Creating the Records Important?
Start at the End
‚Ä¢ The Ultimate Goal
‚Ä¢ What Are the Statements Trying to Tell Us?
‚Ä¢ Understand the Concept and It Is Easier to Create the General Ledger and Trial Balance
‚Ä¢ The Accounting Model
‚Ä¢ Manual and Computerized Systems
‚Ä¢ Ledgers and T-Accounts
‚Ä¢ Trial Balance
‚Ä¢ Case Study
‚Ä¢ Month-End and Year-End Closings
‚Ä¢ Summary of Closing Procedures
‚Ä¢ Sequence of Accounting Procedures
Understanding It All as a Whole
‚Ä¢ Interrelationship of Financial Information
‚Ä¢ Book vs. Tax ‚Äì Can There Be Two Sets of Books?
Brian D. Levine, M.B.A., CPA with Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC
CPE ,Additional credit may be available upon request.