Learning Outcomes

Upon successful completion of this course, you should be able to:

• Recognize the fundamental concepts of financial accounting
• Identify the types of financial statements
• Analyze the features of the major sources of capital
• Explain the double-entry system of accounting
• Outline the three forms a partner can draw money from an organization
• Categorize investment equity into short-term and long-term
• Explain the effects of depreciation
• Evaluate the importance of recording financial transactions for businesses