Small Business Accounting Fundamentals

Accounting Fundamentals Course Description
Running any business requires expertise in a large and diverse set of areas: sales, marketing, creative, operations, finance. And in a small business, it’s not uncommon for a single individual to oversee them all. There’s a lot to it. A business can have the best product or service, but if the owner can’t manage cash flows or keep track of expenses, it will struggle to reach its potential. In a climate where nearly half of small businesses fail within the first 5 years, companies can position themselves for long-term profitability and sustainability with the proper accounting fundamentals. Small business success depends on you accurately knowing what your margins are on each of your offerings. Our fundamentals course prepares you to know your financials like you know the rest of your business, setting your business on a course towards long-term viability and profitability. Surgent IQ has partnered with AME Learning to offer this interactive training program that will concentrate on giving small business owners the financial literacy they need to price their product, understand their costs, and operate at a profit. Plus, an added focus on implementing successful business strategies that improve their viability, helping their business to not only survive, but thrive. Delivered through AME’s powerful learning software, AME Engage™, you’ll experience the hands-on, interactive Accounting Map™ tutorials that make small business accounting easy to understand. This 25 hour course will cover:
  • • Linking Personal Accounting to Business Accounting
  • • Fundamentals of assets, liabilities, revenue, expenses, owner’s equity
  • • The Accounting Cycle: debits and credits, making a journal entry, the general ledger, adjusting entries at the end of the accounting cycles, financial statements
  • • Cash and Internal Controls: bank reconciliation and petty cash
  • • Basics of payroll accounting, sales tax and various payable accounts
  • • The meaning behind numbers in financial statements, various financial ratios and how they affect your small business
  • • Decision-making with accounting information to help plan and control your business
  • • The relationship between cost, volume and profit
  • • Business strategies and measuring business performance
Who Should Take This Course?
Small Business Owners and C-suite Executives without prior business education

Full program Course

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Level: Beginner

100% Online
and On-Demand


Earn a Professional

Downloadable Study


Basic Excel Skills

Advance Preparation

Students must be able to view .PPTX files

Resume Skills
Standards of Accounting The Accounting Cycle Accounting Journal Entries Cash Control and Payroll Basic Financial Analysis Financial Decision-Making
About AME Engage™ by AME Learning™

AME Learning™ is a cloud course provider for fundamental accounting and financial literacy. The AME Engage™ learning environment contextualizes the study of accounting in a practical online learning environment featuring the patented Accounting Map™ interactive tutorials. These multi-sensory tutorials guide learners through the key accounting concepts in progressive learning modules and help users to easily understand abstract accounting concepts in an interactive user experience.

AME Engage courses support everyone looking to enhance their understanding of accounting and the financial world, including students, people starting their own businesses, employees preparing for their first management roles and people looking for new jobs or retraining in mid-career.