Accounting
What is Accounting?
An accountant is a professional who helps businesses manage their financial affairs. This can include bookkeeping, tax preparation, and auditing. Many businesses hire accountants to keep track of their money and to ensure that they are complying with financial regulations.
Accountants use specialized software to track financial transactions and to generate reports. They also use their skills to prepare tax returns and to advise businesses on financial matters.
Most accountants have at least a bachelor's degree in accounting or a related field. Some also have earned professional certification, such as the Certified Public Accountant (CPA) designation.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. The transactions are recorded in the form of journal entries and are then posted to the appropriate ledger accounts. The ledger accounts provide information about the company's assets, liabilities, equity, revenue, and expenses. The financial statements are then prepared from the information in the ledger accounts.
Accounting Resources
Recordkeeping for Christian Stewardship
The ability to make wise financial decisions and to manage finances well is invaluable. Almost every occupation involves some recordkeeping. We all need God's help to wisely manage the resources He gives us. This course is not about getting ric...
Principles of Accounting Volume 2 Managerial Accounting
Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering...
Principles of Accounting Volume 1 Financial Accounting
Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering...
Excel for Accounting
Learn how to use Excel for accounting with on-demand training from an expert instructor. Sign up today to master Excel!
Become a Bookkeeper
Ready to begin a career in finance? Bookkeepers and accountants are in high demand, and are essential to the success of both small businesses and large corporations alike. This path will help you build a strong foundation in finance and accounting fu...
Accounting and Bookkeeping Course
Don't let numbers scare you! Learn the world of finance straight from the experts and bravely face your finances. Do you wish you had a better grasp on accounting? Everyone, whether you wish to become an accountant or just know more about you...
Sage 50 Certification Course
ITU’s Sage 50 Certification Course is in preparation for the Sage 50 certification exam. This Sage...
Understanding Financial Statements: Company Performance
Understanding Financial Statements: Company Performance is course 2 of 5 in the Fundamentals of Accounting Specialization. Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of...
BUS103: Introduction to Financial Accounting
Accounting can be considered the language of business. If you are learning accounting for the first time, embracing its foundational concepts may be a challenging process. Mastery of accounting primarily rests in your ability to critically think thro...
Accounting and Business Basics
This comprehensive starter course will help you understand essential business accounting areas. You ...
Become an Accounts Payable Officer
Kickstart your career in accounting and help companies run more effectively as an accounts payable officer. With this path, you'll gain a solid foundation in accounting, finance, and cash flow, as well as experience using essential accounting t...
Accounting for Business Decision Making: Measurement and Operational Decisions
Accounting information is the lifeblood of the organization, as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of accounting: measur...