If you have never studied bookkeeping or accounting, this course is for you. In eight weeks you will learn what bookkeeping is all about.

You will explore some of the history behind the practice that has become vital to the successful operation of every business in the world. You'll learn to understand the mystery behind the recording of "debits" and "credits".

And if you have ever read or seen Charles Dickens' classic story: A Christmas Carol, you will learn what Ebenezer Scrooge's clerk, Bob Cratchit was doing every day to keep track of the fabled tightwad's money. 

You  will learn how computers have made it much easier to record and summarize countless business transactions in a small fraction of the time it took to do it manually. You will record a variety of sample transactions Bookkeeping for Beginners Company and review the journal records created by a computer.

After recording day to day transactions you will perform an internal audit to confirm that the numbers have been posted into the proper accounts and that the balance of those accounts represent "fair and reasonable" values. During the audit you will learn how to reconcile a bank statement, how to control customer accounts to keep bad debt losses to a minimum, how to assign inventory values, and how to calculate depreciation...and a few other things.

Once the accounts have been verified and adjusted, you will review the two documents that are the main reason for all the number crunching: the Balance Sheet and Profit and Loss Statement. These statements are the basis for most of the financial decisions made by management.

Finally you will scrutinize the Profit and Loss Statement, and in an attempt to predict future results you will prepare an estimated projection for the next two months of the Small Business Company.

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