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52 in 52: Class 9 – Torres

Posted on March 1, 2017 - Posted in: Blog

I was invited to attend Professor Max Torres’ Accounting for Managers class.  The class walked through the steps of recording Accounting Transactions.  They reviewed a Trial Balance Sheet, Income Statement, Statement of Owners Equity, and Balance Sheet. 

We then covered how to explore taking out a loan for business or personal use.

I was able to address the class briefly and let them know that these accounting fundamentals are the essential backbone of running a business, reporting up to your board of trustees or board of directors, and essential information when applying for a business loan. 

Students were enthusiastic and participated gladly in the discussion of these concepts and applied them confidently.  Great class!

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