Accounting 2 Simplified for You

Manage payroll, cash, receivables, inventories & liabilities in easy to follow steps. Great companion of Accounting 1.

Created by: Majo Jacinto
Certified Public Accountant & Accounting Professor

What Will I Learn?

• Prepare the correct type financial statements appropriate for your type of business
• Manage inventory. Calculate inventory costs and choose the right valuation method.
• Discover ways to improve internal control procedures in your business
• Be in control of your cash through bank reconciliation
• Manage your receivables and payables
• Record payroll and payroll taxes accurately
• Use promissory notes in business transactions
• Calculate depreciation expense properly using various methods
• Estimate your bad debts
• Calculate cash discounts and simple interest
• Correct mistakes in recording freight transactions
• Learn what bookkeepers do in accounting
• Develop understanding of accounting procedures

Requirements

• Ability to add, subtract, multiply and divide
• Some understanding of accounting basics like the accounting cycle, the recording process and financial statements
• Analytical Skills
• Patience and willingness to learn

Target audience

• Designed for beginners
• Some understanding of financial statements and the accounting cycle
• Excellent study guide for accounting and business students who are currently enrolled in their first college accounting courses
• Ideal for those who have procrastrinated from taking required accounting courses for fear of difficulty
• Bookkeepers, accounting clerks, managers and small business owners who are looking to better understand the landscape of business
• College students who are contemplating accounting as a career