Accounting Classes

While Accountants use the credits and debits recorded in ledgers or “books” prepared by bookkeepers to create a company’s financial statements, we the tutorial class discuss about the four key steps in the bookkeeping process: analyzing, recording, summarizing transactions, and preparing financial reports. We will explain the components of a journal entry (debits and credits) and the essential questions a bookkeeper/accountant asks in reviewing those transactions. We also explain how accountants translate ledger information into financial statements, and the role of computer programs in helping your business to manage your accounts.

Topics include:

Part I

• Reviewing financial statements
• Analyzing transactions
• Categorizing transactions
• Recording a cash acquisition
• Recording the sale of goods or services
• Posting journal entries to accounts

Part II
1. Accounting: The Language of Business
2. Analyzing Business Transactions
3. Analyzing Business Transactions Using T Accounts
4. The General Journal and the General Ledger
5. Adjustments and the Worksheet
6. Closing Entries and the Post closing Trial Balance
7. Accounting for Sales, Accounts Receivable, and Cash Receipts
8. Accounting for Purchases, Accounts Payable, and Cash Payments
9. Cash