This course provides an in depth, practical overview of the complete Bookkeeping/Accounting cycle. Students learn: Accounting terms and concepts; Accounting principles and practices related to analyzing business transactions; classifying items as assets, liabilities, equity, income, expenses; debits and credits; journalizing entries and posting to ledgers; utilizing worksheets and trial balances; posting adjusting entries, preparing financial reports, closing entries and post-closing financial statements; understand how journal entries affect balance sheets, income statements and other financial reports.