Financial Accounting Issues

Going Out On Your Own - The Accounting Equation & Natural Account Balances

In this basics course, we will discuss the nuts and bolts of accounting. We will talk about the different types of accounts, as well as what it means to be “in-balance.” We will also give an introduction to debits and credits, and why it is important to know what an account’s natural balance is. If you want to do your own bookkeeping or just want to get more familiar with financial and accounting records, this is the place to start!

Learning Objectives:

After completing this course, participants should be able to:

  • State the components of the Accounting Equation.
  • Recognize what it means for the books to be “in balance.”
  • Identify natural account balances for assets, liabilities, and equity accounts.


Prerequisites/Advanced Preparation:

None

Speaker / Author:

David R. Peters is a Certified Public Accountant (CPA) and Certified Financial Planner (CFP), with over fifteen years of experience in financial services. He was formerly the Chief Financial Officer of Compare.com and has been a financial advisor since 2015. He holds master's degrees in accounting, business administration, and financial services and is pursuing a Ph.D. in Financial Planning & Retirement Income at The American College. He is currently a continuing education instructor for the American Institute of Certified Public Accountants, Surgent, and Kaplan Professional, and the President and owner of David Peters Financial Group Inc, Peters Tax Preparation & Consulting PC, and Peters Financial LLC.

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Price (USD)

Standard: $24.95

Details

Course Code : 99PET49

Release Date : 04/19/2024
Expire Date : 10/31/2025
Credits :
CPE 1.00
QAS 1.00
Length : 50min
Course Level : Overview
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Financial Accounting Issues

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