What will you in Accounting Basics for Success in Business and in Life! Course
- Build a solid foundation in accounting: terminology, bookkeeping, journals, ledgers, and the full accounting cycle.
- Read and interpret financial statements—Balance Sheet, Income Statement, and Cash Flow Statement—and understand how they connect.
- Recognize common entrepreneurial pitfalls like confusing profit with cash flow and strategic ways to avoid them.
- Conduct ratio analysis to quickly assess company health through key financial metrics.
- Understand real-life business examples and learn to use free accounting software like Wave for practical application.
Program Overview
Module 1: Accounting Lingo & Terminology
⏳ ~30 minutes
Learn essential accounting vocabulary—income, expenses, assets, liabilities, equity.
Understand core concepts that make accounting language accessible and relevant.
Module 2: Accounting Cycle & Bookkeeping
⏳ ~45 minutes
Explore step-by-step the accounting cycle: journals, ledgers, trial balance, and adjustment entries.
Use a practical trick to master debits and credits while demystifying bookkeeping.
Module 3: Hands-On with Wave Software
⏳ ~60 minutes
Follow along using Wave’s free accounting tool: setting up accounts, recording transactions, and generating reports.
Module 4: Financial Statement Deep Dive
⏳ ~60 minutes
Analyze and connect the three key statements for business insight.
Understand the differences between profits and cash flow, and why cash management matters.
Module 5: Ratio Analysis & Business Health
⏳ ~45 minutes
Learn essential ratios—liquidity, profitability, solvency—for quick business diagnostics.
Enhance investor and entrepreneurial decision-making through ratio insights.
Module 6: FAQs & Real-Life Scenarios
⏳ ~ongoing
Engage with common accounting questions and answers, along with instructor insights and humor.
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Job Outlook
- Essential Skill: Accounting knowledge is invaluable for business owners, managers, investors, and finance beginners.
- Career Advancement: Useful for roles in accounting support, financial analysis, and startup leadership.
- Income Potential: Improve financial decision-making to increase business profitability or investment returns.
- Freelance Opportunities: Bookkeeping, budgeting, and financial advisory services for small businesses.
Specification: Accounting Basics for Success in Business and in Life!
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