(Length: 90 hours)
Students learn to recognize the different forms and types of businesses and financial institutions: the services they provide and the different forms they use. Participants also learn to manually enter transactions for a service business using the following tools: general journal, general ledger and journals of account. Learners prepare trial balances, income statements and balance sheets. These same concepts are then applied using accounting software. Students learn to deal with discounts, returns and allowances and their related accounts, as well as how to manage petty cash and do payroll. Finally, students are able to create a business in Simply Accounting and apply their knowledge of the full accounting business cycle.