Module 1 Introduction: The role of a bookkeeper is changing. The drone that was used yesterday to merely enter data is gone, and is being replaced by a critical thinking, value added asset that is able to better the company through efficient management of its financials. To understand how to efficiently manage a companies financials, you must first learn the basics of double entry accounting, and the types of statements you will be working with.

The Accounting Equation: We begin our discussion with the basic accounting equation, shown below. Click on each image to receive a description of what accounts compose each, and why we account for them.