Essentially, our world revolves around numbers. People are generally familiar with a lot of these basic bookkeeping and accounting terms. This simple concept will allow you to record the sale or purchase of an item even if you have not yet received payment. This course will discuss the ins and outs of accounts payable, accounts receivable, the journal, the general ledger, and cash management. With introducing of the income statement, cash flow statement, capital statement, and budget versus actual, we will finally provide when and why you audit, as well as internal and external audits.