Accounting System Structure and Information Management

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This course begins with an introduction to financial accounting and explains how accounting information assists in making decisions. We'll look at the components of the balance sheet and analyze the effect of transactions on the balance sheet equation. We'll review the different types of ownership and compare the features of sole proprietorships, partnerships, and corporations.

We'll then proceed to learn how accountants measure income and explore the concepts of revenue recognition and matching. We'll look into the relationship between the balance sheet and income statement and cover the statement of retained earnings and earnings per share.

We'll wrap up this course with a look at the double-entry system and recording process and learn how to prepare and use a trial balance.

This course is part 1 of the New York Institute of Finance's Financial Accounting Professional Certificate.

Free Preview! Access Module 1 for free. For full course access, upgrade to a verified certificate.

What you will learn

• Accounting Concepts
• Measuring Income
• Recording Transactions

Skills you learn

• Income Statement
• Accounting Information Systems
• Accounting Software
• Accounting
• Finance
• Balance Sheet
• Information Management
• Retained Earnings
• Financial Accounting
• Revenue Recognition

Syllabus

• Mod 01: Accounting Concepts (Audit this module for Free )

• Mod 02: Measuring Income

• Mod 03: Recording Transactions

Auto Summary

Unlock financial accounting with "Accounting System Structure and Information Management," led by edX. Dive into balance sheets, transaction analysis, and income measurement, exploring revenue recognition and matching concepts. Perfect for beginners in Business & Management, this five-week course offers a free preview with full access upon upgrading. Ideal for aspiring finance professionals.