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Accounting Concepts and Applications (Internal Only)Accounting Concepts and Applications (Internal Only)

Accounting Concepts and Applications is for non-accountants wanting to understand basic accounting concepts. PDI’s own Kirk Fisher, a super accountant, takes you through each lesson and provides exercises that simplify some convenience store and wholesale fuel scenarios to help you get a good grasp on basic Accounting.

Credits: 1

Lessons

Name View Schedule
Online Lesson1. Chapter 1 - Concepts and Terminology -
Online Lesson2. Chapter 2 - Financial Statements -
Online Lesson3. Chapter 3 - Mechanics -
Online Lesson4. Chapter 4 - The Accounting Cycle -
Online Lesson5. Chapter 5 - Accounting Controls -
Online Lesson6. Chapter 6 - Inventory -
Online Lesson7. Chapter 7 - Receivables -
Online Lesson8. Chapter 8 - Long Term Assets -
Online Lesson9. Chapter 9 - Liabilities -
Online Lesson10. Chapter 10 - Closing -

Objectives

Learn common Accounting terminology
Know the importance of financial statements to the business
Identify Accounting mechanics; for example, how debits and credits work and what tools accountant use to accomplish business objectives
Understand controls
Define different methods accountants use to match the flow of costs to the flow of physical inventory
Cover the difference between cash and accrual accounting using accounts receivable as the teaching tool
Review vocabulary regarding fixed assets like store buildings and equipment
Discover the building amortization schedules that go into PDI/Enterprise amortization entries
Learn how to close your books and wrap it all up

 


Questions?

Contact registrar@profdata.com or 254-771-7100.


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