This module introduces the basics of bookkeeping, such as managing invoices, tracking expenses, and understanding financial reports.

By the end of this course, participants will be able to:

• Understand basic accounting terminology.
• Identify the differences between the cash and accrual accounting methods.
• Keep track of your business by becoming familiar with accounts payable and accounts receivable.
• Use a journal and general ledger to document business financials.
• Utilize the balance sheet.
• Identify different types of financial statements.
• Uncover the reasons for and actually create a budget.

Be familiar with internal and external auditing.

SHRM CE/PDCs: 12

Intended Audience: All