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Cengage Accounting Courses

Cengage Accounting Courses cover a wide range of foundational accounting principles that prepare students for further accounting study and professional careers. Here’s a breakdown of some of the common topics you might encounter:

The Accounting Cycle

This fundamental concept lays the groundwork for understanding how accounting transactions are recorded, processed, and summarized in financial statements.

General Ledger and Subsidiary Ledgers

You’ll learn how transactions are classified, recorded chronologically in the general ledger, and then further detailed in specific subsidiary ledgers.

Journalizing and Posting

Explore the process of journalizing transactions, which involves recording them in a general journal, and then posting them to the appropriate accounts in the general ledger.

The Adjusting Process

This crucial step ensures the accuracy of financial statements by taking into account accounting events that haven’t yet been recorded in the books.

Financial Statements

You’ll delve into the creation and analysis of the three core financial statements: the income statement, the balance sheet, and the cash flow statement.

Accounting for Inventory

Grasp different inventory costing methods (FIFO, LIFO, weighted average) used to value a company’s inventory and their impact on financial statements.

Account Receivables and Payables

Learn how to account for money owed to a company by customers (accounts receivable) and money owed by a company to suppliers (accounts payable).

Introduction to Debt and Equity

Explore the fundamentals of how companies finance their operations through debt and equity financing.

Payroll Accounting

Understand the intricacies of calculating employee salaries, wages, and payroll taxes.

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