Join us for a comprehensive overview of essential principles and practical applications of financial reports, spot errors, save money, avoid pitfalls, and enhance your career.
Many business people and professionals do not understand the complexities of accounting records; they must, however, be familiar with the accounting equation and have a thorough understanding of accounting and bookkeeping principles in order to make informed and accurate decisions and stay ahead of the competition. In addition, those who want to pursue ledger, trial balance, and recordkeeping proficiency, must obtain a solid, practical basis from a professional, otherwise records are meaningless or, even worse, can contain inaccurate information. This topic offers a comprehensive overview of essential principles and practical applications. The information will allow you to more effectively be able to evaluate financial reports, spot errors, save money, avoid pitfalls, and enhance your career. Information is the lifeblood of businesses and nonprofits.
Learning Objectives
- You will be able to differentiate between the accounting requirements of various account types.
- You will be able to differentiate between Methods of Accounting.
- You will be able to identify the basic financial statements and their structure.
- You will be able to identify natural account balances of accounts.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Accounting Basics
- Why Is Accounting and Creating the Records Important?
Start at the End
- The Ultimate Goal
- What Are the Statements Trying to Tell Us?
- Understand the Concept and It Is Easier to Create the General Ledger and Trial Balance
Recording Transactions
- The Accounting Model
- Manual and Computerized Systems
- Ledgers and T-Accounts
- Journals
- Trial Balance
- Case Study
Special Areas
- Payroll
- Depreciation
- Inventory
- Tax
Getting Closure
- Month-End and Year-End Closings
- Summary of Closing Procedures
- Sequence of Accounting Procedures
Understanding It All as a Whole
- Interrelationship of Financial Information
- Book vs. Tax - Can There Be Two Sets of Books?
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on January 31, 2024.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.2 including Accounting 2.2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.2 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Brian D. Levine, M.B.A., CPA
Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC
- Founder of Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC
- Services clients nationally and locally regarding accounting, taxes, investment planning, financial and economic analyses, litigation support, expert witness work, and management counseling
- Frequent speaker and has written several publications
- Member of numerous professional organizations
- M.B.A. degree, Rutgers Graduate School of Management; B.A. degree, Rutgers College
- Can be contacted at [email protected] or 732-846-5454
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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