This module provides small business owners with the basics of general accounting and bookkeeping. It first discusses the accounting equation as the basis of double-entry bookkeeping. It also discusses three important financial statements: the balance sheet, income statement, and cash flow statement, which are necessary to give the business owner a complete picture of the business's financial health. Finally, it describes how to examine trends and use established financial ratios by analyzing these three financial statements.
Module: FCE-190, Media: OL, Lessons: 1