This course covers the fundamental principles of double-entry accounting, use of the general journal and general ledger, simple financial statements, the accounting cycle, control of cash, and an introduction to payroll accounting, purchases and sales.
Demonstrate the basics of double-entry accounting.
Explain debits and credits.
Explain the accounting cycle.
Create and maintain financial statements.
Describe how double-entry accounting, debits/credits, the accounting cycle, and financial statements relate to small service businesses.
Course Citations (Google Doc)