Skye Learning Accounting Fundamentals for Small Businesses - Details Page

Product Details

Topics Covered

  • Business entity concept
  • Generally Accepted Accounting Principles (GAAP)
  • Fundamental qualities of financial statements
  • Revenue recognition
  • The chart of accounts
  • The accounting equation
  • Double-entry accounting
  • Debit and credit rules
  • The accounting cycle
  • Transaction analysis
  • Creating and posting journal entries
  • The income statement
  • Statement of retained earnings
  • The balance sheet
  • The statement of cash flows
  • Financial statement articulation

Key Features

  • Mobile-friendly
  • Fully accessible
  • Games & Flashcards
  • Video content
  • Audio-enabled
  • Badge and credit-awarding
  • Real-world case studies
  • Expert-supported

Course Preview

Course Description

Learning Outcomes

  • Understand the business entity concept and how it is applied
  • Apply the rules of double-entry accounting
  • Create and record business transactions
  • Understand how to post transactions to the general journal and general ledger
  • Explain the concept of T-accounts
  • Discuss the systematic classification of accounts in the chart of accounts
  • Interpret the rules of debit and credit
  • Explain the general purpose of financial statements
  • Describe the relationships between financial statements
  • Analyze and interpret information from each of the four financial statements

Notes

This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.

As an Accredited Provider, MindEdge offers for its learning events that comply with the Continuing Education and Training Standard.

Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive credit. Learners will have three attempts at all graded assessments.

Project Management Institute, , the Registered Education Provider logo, Project Management Professional, , Project Management Body of Knowledge, , Agile Certified Practitioner, -, Risk Management Professional, -, the Talent Triangle, and the Talent Triangle logo are marks of the Project Management Institute, Inc.

Information in this course has been taken from A Guide to the Project Management Body of Knowledge, (® Guide) - Sixth Edition, Project Management Institute Inc., 2017.

The following list outlines the you will earn for completing this course, based on the certifications you have.

CAPM®/PMP®/PgMP®
Ways of Working PDUs: 1
Power Skills PDUs: 1.75
Business Acumen PDUs: 2.25
TOTAL: 5

PfMP®
Ways of Working PDUs: 0
Power Skills PDUs: 1.75
Business Acumen PDUs: 2.25
TOTAL: 4

PMI-ACP®
Ways of Working PDUs: 0
Power Skills PDUs: 1.75
Business Acumen PDUs: 2.25
TOTAL: 4

PMI-PBA®
Ways of Working PDUs: 0
Power Skills PDUs: 1.75
Business Acumen PDUs: 2.25
TOTAL: 4

PMI-RMP®
Ways of Working PDUs: 0
Power Skills PDUs: 1.75
Business Acumen PDUs: 2.25
TOTAL: 4

PMI-SP®
Ways of Working PDUs: 0
Power Skills PDUs: 1.75
Business Acumen PDUs: 2.25
TOTAL: 4