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Manatts Accounting I & II

Manatts Accounting I & II is a two-part class. If you enroll in one, we will automatically enroll you in the other. This is the same class that was offered in Brooklyn late last spring. The focus of the class is general accounting principles as they relate to the specific Manatts accounts. It is an excellent overview of how costs and expenses fit in the overall accounting picture. This class is for anyone who inputs data, analyzes costs, or affects the accounting picture in any way. (Everyone effects the bottom line J)

Session I

• Accounting Equation – Assets- Liabilities – Owners Equity

• Debit and Credit – T-accounts

• Source Documents and Transactions

• Financial Statement –

• Income Statement (P & L)-

• Statement of Owner’s Equity/Retained Earnings

• Balance Sheet

Session II

• Statements of Cash Flow

• Inventory Control –

• Tracking Cost – Estimates and Quotes- Job Cost

• Adjustment and closing procedures.