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Professor Teaches Accounting Fundamentals 1.1

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Overview of Professor Teaches Accounting Fundamentals Benefits

Accounting Fundamentals are all the major functions needed to analyze the financial information of individuals, groups, and businesses. Accounting skills are in high demand and the uses for accounting training and skills in the current economy are endless with Professor Teaches Accounting Fundamentals, you can:

  • Learn a valuable job skill.
  • Help improve your small business accounting.
  • Use this course as a study aid and apply your knowledge to an accounting class.

The Fastest, Easiest Way to Learn Accounting Fundamentals!

Professor Teaches courses use real-world settings and accurate simulations to help you apply your new knowledge directly to daily tasks and the knowledge you gain becomes an asset for life.

What You Will Learn in Professor Teaches Accounting Fundamentals?

  • 1. Introduction to Accounting
    • What is Accounting?
    • Accounting Assumptions
    • Assets, Liabilities, and Equity
    • Accounting Principles
    • The Accounting Equation2. The Balance Sheet
    • Accounting Equation and Balance Sheet
    • Business Transactions and the Balance Sheet
    • Classifying Assets and Liabilities
    • The Balance Sheet in Action3. Financial Statements
    • Introduction to Financial Statements
    • Revisiting the Balance Sheet
    • The Income Statement
    • Statement of Owner’s Equity
    • Generating Financial Statements
    • The Accounting Period
    • Business Entities and Financial Statements4. Working with Accounts
    • The General Ledger
    • The Chart of Accounts
    • Using Accounts for Transactions
    • Understanding Debits and Credits
    • Double Entry Accounting
    • Account Balances
    • Revenue and Expense Accounts

    5. The Accounting Cycle
    • Introduction to the Accounting Cycle
    • Identifying Source Documents
    • Recording Journal Transactions
    • Posting to the General Ledger
    • Generating a Trial Balance
    • Recording Adjusting Entries
    • Generating the Adjusted Trial Balance
    • Preparing Financial Statements
    • Recording Closing Entries

    6. The Merchandising Business
    • Merchandising vs. Service Business
    • Determining Net Income
    • Returns and Discounts
    • Inventory

    7. Accounting for Cash
    • Introduction to Internal Controls
    • Checking Account Controls
    • Bank Reconciliations
    • Cash Controls
    • The Purchase Order System

Every Professor Teaches Course Includes:

  • Practice in a Realistic Simulation of the Software
  • Hundreds of Learning Topics
  • 4 to 8 Hours of Training per Course
  • Realistic Simulations
  • Beginner to Advanced Topics
  • Self-Paced Learning Objectives
  • Introductions and Summaries
  • Interactive Exercises
  • Professional Voice Narration
  • End-of-Chapter Quiz Questions
  • Checkmarks for Completed Topics
  • Glossary, Index, and Search
  • Professor Answers for Instant Training

Technical Details and System Requirements

  • Supported OS: Windows 7/8/10
  • Processor: Pentium IV or higher
  • RAM: 1 GB RAM (2 GB recommended)
  • Free Hard Disk Space: 200 MB or more

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