SCORE Workshop: Basics of Accounting - The Language of Business

Description

Accounting is the "language of business". People in the business world - owners, managers, bankers, investors - use accounting terms and concepts to describe the events that make up the “story” of a business. At its most fundamental level, accounting is the system of tracking the income, expenses, assets and liabilities of your business. In this workshop, you will learn how to make journal entries including debits and credits, the structure of financial statements, important financial and performance ratios, ledgers, and, more importantly, how to "account" for the transactions in your business.