Business Skills     Finance and Accounting     Accounting     Accounting Basics

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Developing your financial acumen is a must in today's economy, and improving your knowledge of accounting basics and financial management is a good first step.

In this course, you'll explore the financial essentials that will enable you to understand key steps in the management of finance within the accounting cycle. You'll learn how, once you’ve worked your way through recording transactions and posting to ledgers, you’re ready to start preparing financial statements. You'll learn about Income Statements, Balance Sheets, Cash Flow Statements, and how they're interrelated. You'll also learn about the steps involved in closing accounts.

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Objectives

Preparing Statements and Closing Accounts match financial statements to their descriptions recognize examples of the components of the income statement sequence the steps of income statement calculations match the components of the balance sheet to their descriptions sequence the steps of preparing a balance sheet match each component of the cash flow statement to its description sequence the steps for preparing a cash flow statement sequence the steps for closing accounts