Intro to T-Accounts, Debits and Credits, and Trial Balances
This course expands upon the accounting equation of Assets.
Description
In this course, the accounting equation of Assets = Liabilities + Shareholder Equity is expanded upon to understand how debits and credits are used to stay in balance. Core accounting tools are presented, including t-accounts, ledgers, journals and trial balances.
You will gain an understanding of how each of these tools interacts with one another and its distinct purpose in an accounting system. There are many opportunities for hands-on practice in this course.
What You Will Learn!
- Identify the classification of accounts and recognize how they are impacted by debits and credits.
- Discover how to implement T-accounts and ledgers to perform transaction analysis.
- Discover how to use journal entries to record transactions.
- Recognize how to perform transaction analysis using journal entries.
- Identify the steps of the accounting cycle.
Who Should Attend!
- Anyone interested in finance, accounting or related fields.