- NY Credits : 2.0
- TX Credits : 2.0
This course offers guidance on designing a bookkeeping system to meet the needs of a particular business, identifying and gathering information about transactions, and converting that information into a general ledger. This course also presents general information about sales and use taxes, and various independence issues surrounding write-up engagements. This basic level course is most beneficial to professionals new to designing bookkeeping systems who may be at the staff or entry level in an organization. It may also benefit experienced professionals with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
recognize basic financial statement terminology and common accounting records used in bookkeeping,
identify elements of designing a bookkeeping system,
determine what bookkeeping information should be obtained, how to process the information and prepare the general ledger, and
define sales and use taxes and recognize independence issues involving write-up engagements.