Introduction to bookkeeping, recording business transactions using journals and ledgers. Students learn how to record all transactions of a small business under the various accounting methods: single-entry bookkeeping, cash basis, accrual basis, and cost accounting. Participants will learn the methods for creating financial reports to measure profit or determine that all transactions were made.

Learning objectives:

Upon successful completion of this course, students will be able to:

- recognize the four steps in the bookkeeping process
- differentiate between a journal and ledger
- explain how to post entries using journals
- explain how to complete worksheets for postings using ledgers
- determine which accounts are debited or credited when posting journal entries
- recognize several common business transactions and categorize them by method of accounting
- determine the effect a transaction will have on accounts if the bookkeeping system is using one of the following methods: single entry, cash basis, accrual basis, cost accounting.