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Accounting Services Program or Bookkeeping Program
Learn a new career at home, at your own pace
Accounting BS Degree
Request information. A Bachelor's degree in Accounting will prepare you for a successful, lucrative career in this growing field. You can complete this four-year degree in just three years at Rasmussen College and gain the critical skills needed to be a leader in the Accounting industry.
Associate in Applied Science, Accounting
In the Everest College Online School of Accounting, you'll become familiar with public, management, and government accounting practices, as well as internal auditing. You'll learn to prepare and verify financial documents for clients, help a company run more efficiently, keep accurate public records, and pay taxes promptly and correctly.
Income Statement ExampleA statement that summarizes revenues and expenses. Balance Sheet ExamplesA statement listing the total assets and liabilities, indicating the net worth of the company for the given time period.
Statement of Owner's Equity ExampleA statement that summarizes the owner's net worth.
The income statement is one of the major financial statements used by accountants and business owners. (The other major financial statements are the balance sheet, statement of cash flows, and the statement of stockholders' equity.) The income statement is sometimes referred to as the P&L (profit and loss statement), statement of operations, or statement of income.
Evaluating Financial Performance Free short course on how to evaluate financial statements using ratio analysis, vertical analysis, and horizontal analysis
Common-Size Financial StatementsAn easy way to spot trends in your balance sheet and income statement data from a number of years, or to compare your information with that of another company or industry group, is to use "common size" financial statements.
Anatomy of an Annual ReportWhile most annual reports contain optional elements, all reports contain information the SEC requires.
Balance SheetAlso called a statement of financial position, a balance sheet is a financial "snapshot" of your business at a given date in time. It lists your assets, your liabilities, and the difference between the two, which is your owner's equity, or net worth.
Guide to Understanding Financial StatementsThis Guide is for people with little experience reading financial statements or annual reports.
Income StatementAlso called a profit and loss statement, or a "P&L," an income statement lists your income, expenses, and net income (or loss). The net income (or loss) is equal to your income minus your expenses.
Statement of Cash FlowSample of how to create a Cash Flow Statement
Statement of Changes in EquityThis type of financial statement is used to bridge the gap between the amount of equity the owners have in the business at the beginning of the accounting period and the amount of their equity at the end of the period.
Statement of Changes in PositionThe statement of changes in financial position provides data that are not explicitly present in the balance sheet or the income statement. This statement helps to explain how your company acquired its money and how it was spent. This statement can also help to identify financing needs, to identify cash drains, and to identify holes in the cash budgeting process.
What to do with Your FinancialsThe creation of your financial statements is largely a mechanical exercise. The numbers to be used are found in your accounting records after the books are closed at the end of the period; to draw up the statements, you, your accountant, or your accounting software simply look up the numbers and plug them into the statement.
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