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The Basics of Business Accounting

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  • 4,482 Students
  • Updated 11/2025
4.7
(1,366 Ratings)
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Course Information

Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
2 Hour(s) 33 Minute(s)
Language
English
Taught by
Ray Harkins, The Manufacturing Academy
Rating
4.7
(1,366 Ratings)

Course Overview

The Basics of Business Accounting

Beginning to intermediate accounting for the non-finance professional

The Basics of Business Accounting starts at the very beginning introducing the student to essential accounting principles and concepts that apply to any business or industry.  Through this course, the student will learn to interpret the key sections of the Four Main Financial Statements:

  • Balance Sheet

  • Income Statement

  • Cash Flow Statement

  • Statement of Owners' Equity

Students will learn to apply the Fundamental Accounting Equation, and other vital accounting concepts such as depreciation, revenue recognition, accrual accounting, cash flow, and many others.

The Basics of Business Accounting will add the crucially important skills of understanding, interpreting and building financial statements to your existing business and management skill base.

Read what students have said about "The Basics of Business Accounting":

"Ray has done a great job by teaching a robust approach to accounting that has ranged from its history to practical development and application." - Dion B.

"Using simple real life example to teach accounting to a non-accounting audience" - Anish J.

"This class was very good. Love the balance sheet and income statement. Thank you so much for your time." - Leavon R.

"It's a good review of accounting basics. A good refresher from my accounting class from years ago." - Kris S.

"For someone who has very little experience, the material is presented in a way that is very easy to understand." - Laura H.

"I really enjoyed this class. Ray makes understanding concepts which I typically struggle with seem easy. I would highly recommend taking this class if you want to learn the basics of accounting." - Deanna G.

Course Content

  • 1 section(s)
  • 27 lecture(s)
  • Section 1 Introduction

What You’ll Learn

  • The ability to understand and interpret financial statements
  • Balance Sheets, Income Statements, Cash Flow Statements and Statements of Owners' Equity
  • The fundamentals of Accural Accounting
  • Key accounting concepts such as Depreciation, the Fundamental Accounting Equation, Revenue Recognition, Assets, Liabilities, and much more.
  • Terminology like SG&A, Amortization, Unearned Revenue, Current and Non- Current Liabilities, Fixed Assets, and much more.


Reviews

  • A
    Amy Tindell
    5.0

    Very concise with visuals and examples.

  • B
    Brad Ulloa
    5.0

    Pleased with this course, it is short, concise and clear. A complete case tight to the course would be wonderful.

  • K
    Katleho Sheea
    4.5

    Good refresher of concepts learnt in high school accounting. Brought back some nostalgia I must say. Thank you

  • R
    Roberto Silvera
    5.0

    Incredible course with well explained parts

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