Project 4
1. Project 4
Project 4: Starting an Accounting System
Project Introduction
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Before a business can open its doors to the public, it needs to set up books to keep accurate records of its finances. This project consists of five training rooms to show you how to set up these books. The training rooms are as follows:
Training Room 1: The Beginning Balance Sheet
Suggested Time: 160 minutes
Training Room 2: Chart of Accounts
Suggested Time: 160 minutes
Training Room 3: Opening the Ledger
Suggested Time: 160 minutes
Training Room 4: Opening Entry
Suggested Time: 160 minutes
Training Room 5: Posting the Opening Entry
Suggested Time: 160 minutes
Continue to Training Room 1, where Sakineh, the financial management trainer, will walk you through preparing a beginning balance sheet.