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Accounting Overview for

Non-Accountants (NONACT)


This course is for non-accountants.


It provides and excellent overview of financial accounting and of financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP).


Non-accountants often have a difficult time understanding the basic financial statements and the accounting "magic" that created them.  This course takes the "mystique" out of accounting.


It starts with the basic accounting equation (Assets = Liabilities + Owners’ Equity) and shows how various economic activities (transactions) are handled (i.e. recorded) by accountants.


It explains in simple, easy-to-understand terms the meaning of each basic financial statement (balance sheet, income statement, statement of cash flows, statement of changes in stockholders’ equity) and the financial statement elements (assets, liabilities, equity, revenue, expense, net income, operating activities, financial activities, investing activities etc.).


The course is an interesting, informative and useful "adventure" for the non-accountant.


Consistently, this course proves to be an enlightening, favorable learning exercise for attendees who are not accountants, but are interested in GAAP financial statements.




Category: Financial Statement Involvement