Foundation of Accounting

This one-hour class will provide a basic introduction to accounting. Participants will learn the fundamental principles of accounting, including the double-entry accounting system, financial statements, and basic bookkeeping concepts. The class will cover key terms such as assets, liabilities, equity, revenue, and expenses, and explain how they fit together in the accounting equation.

The class will also discuss different types of financial statements, such as the income statement and balance sheet, and how they are used to track a company's financial performance over time. Participants will learn how to read and interpret financial statements, and gain an understanding of common accounting ratios such as profit margin.

In addition, the class will cover basic bookkeeping concepts such as journal entries and ledgers, and explain how they are used to track transactions in a business. Participants will also learn about the importance of accurate record-keeping and how it relates to financial reporting.

By the end of this class, participants will have a basic understanding of accounting principles and concepts, and be able to apply them to simple business transactions.