Learn the fundamentals of small business accounting and bookkeeping. Topics include analyzing transactions, inventories, receivables, and cash flow, financial statement analysis, budgeting, product pricing and capital investment analysis. Review and implement key accounting concepts and procedures including setting up new company, establishing a chart of accounts, beginning balance, customers, vendors and product/services. Recording operating activities: sales and cash receipts, purchases and cash payments, investing and financing activities, as well as payroll. Establishing budgets and preparing bank reconciliations, analysis and recording of adjusting entries, and preparation of financial statements and reports. This class may include students from multiple sections.