Learning Outcomes:
•Define key accounting terms
•Identify financial tools - deposit book, sales invoices, payment devices, online storage, log book,and online payroll calculator
•Describe the role of the auditor and audit proofing
•Identify the key elements of the financial organization - controlling, protecting, organizing paper flow, and storage
•List the components of basic bookkeeping - debits, credits, journal entries, and different options for accounting systems
•Read, prepare and improve basic financial statements – income statement, trial balance, and balance sheet
•Complete government reporting – requirements and process of completing
•Explain various tax issues and the process of filing taxes
•Compare and contrast computerization options - Sage 50, QuickBooks, and mobile applications
•Calculate pricing of products and services
•Create a budget A-Z - personal requirements, budget for business, and excel spreadsheet introduction (prepared manually)
•Complete a cash flow projection
•Analyze financial data – liquidity, solvency, turnovers and comparison to industry standards
•Review all concepts of accounting activity
Standard Topics:
•Bookkeeping fundamentals
•Financial statements
•Budgets and cash flow projections
•Government reporting requirements
•Tax compliance
•Pricing products
•Basic financial Analysis

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