Basic Accounting Concepts for Non-financial Professionals

Non-financial professionals who wish to gain understanding or refresh their knowledge of finance and accounting

Prerequisite
None

Expected Duration
30 minutes

Description
In this course, you’ll learn about key finance and accounting terms and concepts such as the basic accounting equation, accrual-based accounting, and basic accounting principles. This course also takes you through the steps in the accounting process to help you recognize how business transactions affect various financial statements and the bottom line of your business.

Objective

Finance and Accounting Basics

  • recall the basic accounting equation
  • recognize the characteristics of cash- and accrual-based accounting
  • match financial activities to the appropriate phase of the accounting process
  • match each basic accounting principle to its description
  • classify examples of cash flow as operating, investing, or financing activities
  • recognize how to calculate the potential cash gain by reducing Economic Float
  • recognize the effect an increase or decrease in working capital has on cash flow
  • match each type of financial risk to a description
Wideout Agency

MONTHLY SUBSCRIPTION

$129/month
 

ANNUAL SUBSCRIPTION

$1295/year

Multi-license discounts available for Annual and Monthly subscriptions.