Learning Outcomes

In this free course, you will learn how to:

• Distinguish between cash-based and accrual basis accounting systems
• List the advantages and disadvantages of the double-entry bookkeeping system
• Explain the significance of monitoring your business expenses and revenue
• Recall the differences between an income statement and a balance sheet
• Identify the four types of financial statements
• State how to implement purchase order tracking electronically
• Discuss the various bookkeeping techniques