Ntrepreneurs and Business Owners

Non-Business Professionals

Here's a breakdown of the typical steps involved in financial accounting:

Transactions are recorded: Every financial transaction a company makes is documented in its accounting system. This includes purchases, sales, expenses, and income.

Accounts are adjusted: At the end of an accounting period (usually a month, quarter, or year), adjustments are made to ensure the accuracy of the financial statements.

Financial statements are prepared: The adjusted financial data is used to create financial statements, including the income statement, balance sheet, and cash flow statement.

Financial statements are audited: In some cases, financial statements are audited by an independent accountant to verify their accuracy.

Introductory Financial Accounting

Cost Accounting

Managerial Accounting

Advanced Financial Accounting

Auditing

Tax Accounting