Accounting Equation

The accounting equation is the first organized form of financial statements. It is a simple equation with practical application based on its structure and components.

Why this course

It is easy to overlook the inner workings of a simple concept, which is easy to memorize and remember such as the accounting equation. It is not a difficult area of study yet is often the reason for difficulty in subsequent concepts. This course takes more than a cursory look at the accounting equation and gives it the attention it deserves. The bookkeeping and recording functions are based on steps influenced by the accounting equation. Learning these steps in an efficient manner starts with the accounting equation. ​

What you will learn

The course discusses the evolution of the accounting equation and traces its construction to the initial determination of resources and providers of resources. The expression of equality establishes the claims against resources by their providers. The resources and claims conform to the elements of financial statements. The need to maintain balance is a reminder that every transaction affect both resources and claims to resources. The equality of the two sides in the equation is maintained during the accounting process. ​

  • Easy enrollment and checkout; online or over-the-counter bank payment, more than 5,000 remittance and payment centers nationwide
  • Course availability anytime, anywhere in any internet enabled device​
  • Note-taking capability at the front end; ability to download or print own notes for later review​
  • Interactive quizzes and activities to test knowledge and recall of key concepts​
  • Online discussion for collaborative learning and building an online community​
  • Private one-on-one consultation with group leader, teacher, or subject matter expert; by appointment​
  • Access to scheduled live interaction, online group meetings, or webinars
  • Free downloadable E-Book at end of course for future review and reference​
  • Administrative tools for group leaders and teachers for class management and monitoring; detailed reports of student performance​

Prepare for a rewarding career in accounting. Build on solid theoretical foundations. Learn the skills and have the functional competence to apply them. ​