Interactive Module
NOTE: This module is a ROUGH DRAFT.
Module 6 - Basic Double-Entry Financial Accounting for the First-Time Entrepreneur
Module Goals
- To explain the basic accounting equation.
- To introduce the elements of financial statements: assets, liabilities, contributions by owners, distributions to owners, equity, revenues, expenses, gains, and losses.
- To explain the double-entry system of accounting.
- To create, evaluate and analyze financial statements and describe the way each interrelates.
- To demonstrate how business decisions affect the different financial statements.
