Accounting Foundations: Understanding the Accounting Cycle and Accrual-Basis Accounting

How can you make sure your financial statements accurately reflect the economic activities of your company? Put a great process in place and follow the accounting rules. Fortunately, we already have a process, the accounting cycle—we just need to learn it and implement it. And, the accounting rules already exist, too. In this course, you’ll master the accounting cycle and learn the rules of accrual-based accounting and how they differ from those of cash-based accounting, which is what you’re probably familiar with now.

By the end of this course, you'll know exactly how the financial statements came to be as well as how nearly every transaction your business makes will impact those financial statements. This course will set you apart and give your accounting and business acumen the boost it needs.