Hello, Guest   |   Login here

We are now ready to begin operating our firm, BIS Ltd.

In order to obtain a quick and thorough understanding of financial accounting theory and practice we shall use “typical transactions”, namely, those which have unique double entry entries in the ledgers. These transactions will be repeated many times, successively, during the lifetime of any company.

Each transaction will maintain the equality of the accounting equation:

Total assets equals Total liabilities + Equity + Revenue/Expense

Typical transactions are unique in the combination of debit and credit entries used to record them. Typical transactions are those unique events that will occur during the operation of our simulated firm:

Subscribe today and learn the fundamentals

It seems you don't have access to the exclusive content of The Course.

In order to gain access to the content of The Course you will have to register with EntreprenAble. Membership with EntreprenAble will also give you access to our interactive Business Game and Accounting Simulations.

Subscribe today and get:

  • Unlimited website access to The Course
  • Optimized view for Desktop, Tablet and Mobile devices
  • Free 7-day, no obligation trial - normally £15
Start free trial
Test-drive the system for free