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Do you find understanding accounting statements, such as the general ledger and trial balance, a challenge? Learn what all those numbers on the financial statements mean and how they interact. Understand what all the “bean counters” seem to know and a lot of us find challenging. This course is a must for new business brokers that have no formal education in basic accounting. There are no prerequisites for this course but it is suggested that participants first take IBBA Course #102 (formerly titled Course #130): Finance Fundamentals for Business Brokers. This course is intended to improve your skills in accounting principles. It is not a prerequisite to the courses on Recasting and Pricing of Small Businesses.
This course is divided into four videos, three modules. After each video, you will be asked to take a short quiz/test to test your understanding. Please use your Participant Guide and any notes to help you answer the questions. At the end is a final exam that you must pass with 70% correct.
When you complete this course, you should be able to: