Exploring Client Advisory Services - The Accounting Equation and Natural Account Balances
OL1238 | On Demand Course | Update | Self-Study
Description
In this basics course, we will discuss the nuts and bolts of accounting. We will talk about the different types of accounts, as well as what it means to be "in-balance." We will also give an introduction to debits and credits, and why it is important to know what an account's natural balance is. If you want to do your own bookkeeping or just want to get more familiar with financial and accounting records, this is the place to start!
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting |
Objectives
- State the components of the Accounting Equation.
- Recognize what it means for the books to be "in balance."
- Identify natural account balances for assets, liabilities, and equity accounts.
Notes
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Prices
- Member (Early Bird)
- $49.00
- Non-Member (Early Bird)
- $79.00
- Member
- $49.00
- Non-Member
- $79.00
Instructors
David Peters
David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and he was a recipient of Surgent's Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs and was a recipient of The American College of Financial Services' 2019 NextGen Financial Services Professional Award.
He holds four master's degrees and is currently pursuing his Ph.D. in financial planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Adviser. Carroll Financial and Cetera Advisor Networks, LLC are under separate ownership and are not affiliated with any other named entity.
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