This course explores the accounting equation that stands at the core of double entry accounting.
What you’ll learn
- Identify the elements of the primary accounting equation, including defining assets, liabilities and shareholders equity.
- Recognize various transactions and their impact on the accounting equation.
- Discover how to prepare 3 of the 4 primary financial statements (income statement, statement of retained earnings, balance sheet).
Requirements
- No advanced preparation or prerequisites are required for this course.
This course includes:
- 1 hour on-demand video
- 2 articles
- 2 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of completion