Understanding Financials

Do you find understanding accounting statements, such as the general ledger and trial balance, a challenge? Learn what all those numbers on the financial statements mean and how they interact. Understand what all the “bean counters” seem to know and a lot of us find challenging. This course is a must for new business brokers that have no formal education in basic accounting.

There are no prerequisites for this course, but it is suggested that participants first take IBBA Course #102 (formerly titled Course #130): Finance Fundamentals for Business Brokers. This course is intended to improve your skills in accounting principles. It is not a prerequisite to the courses on Recasting and Pricing of Small Businesses.

Course Structure

This course is divided into four videos, three modules. After each video, you will be asked to take a short quiz/test to test your understanding. Please use your Participant Guide and any notes to help you answer the questions. At the end is a final exam that you must pass with 70% correct.