Class Overview

The Basics of Bookkeeping | Seattle Central College - Continuing Education

How do you keep track of the day-to-day financial transactions of a business?

Learn how to understand, record, and analyze every penny that comes in and goes out of your business.

During this course, you'll:

  • Gain an understanding of the accounting equation and the importance of making it balance
  • Gain an understanding of how to create a chart of accounts that matches the needs of a business
  • Learn how to classify accounts appropriately
  • Learn how to record journal entries for the financial transactions and events of a business

Whether you're interested in a career in bookkeeping, are an entrepreneur, or work for a small business, this financial knowledge will be key to your success.

Course Outline

The Accounting Equation and Chart of Accounts

  • The accounting equation
  • The chart of accounts for a business
  • Temporary accounts (Revenue and Expenses)
  • Where the accounts fall under the accounting equation

Journals and the General Ledger

  • Special Journals
  • General Journal
  • The General Ledger Accounts

Recording Transactions

  • The Rules
  • Debits and Credits
  • T-Accounts
  • Using journals to record transactions

Month End Closing

  • Adjusting Entries
  • Posting to the General Ledger
  • End of month account balances

Learning Outcomes

After taking this course, you will be able to:

  • Evaluate the financial transactions and events of a business
  • Record these transactions in the appropriate accounts
  • Balance the general ledger at month's end
  • Complete the accounting equation

Who Should Take this Class?

  • Small business owners who would like to have a better understanding of bookkeeping principles
  • Non-finance professionals who would like to learn more about fundamental financial processes

Session Details

  • Class ID: 5939
  • Instructor: Sharon deFonteny
  • When: 7/2/18 - 7/27/18
  • Total Number of Hours: 16
  • Where: Online
  • Fee: $195