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What You’ll Learn
🔹 Classify transactions under the correct account type
🔹 Understand how assets, liabilities, equity, income, and expenses connect
🔹 Read and interpret Balance Sheets and Profit & Loss Statements
🔹 Build a strong foundation in accounting concepts for any industry
Course Modules
Briefly describe your degree and any other highlights about your studies you want to share. Be sure to include relevant skills you gained, accomplishments you achieved or milestones you reached during your education.
Assets
Module 1
Learn what your business owns—from cash to equipment—and how it’s tracked in your financials.
📍 Balance Sheet
📘 Covers: Current vs. non-current, real examples, and how to classify transactions.
🧠 Includes a 5-question quiz.
Liabilities
Module 2
Understand what your business owes—like loans and credit cards—and how to track it.
📍 Balance Sheet
📘 Covers: Short vs. long-term liabilities, and how they impact equity.
🧠 Quiz coming soon.
Equity
Module 3
Learn how owner contributions, retained earnings, and draws affect business value.
📍 Balance Sheet
📘 Covers: Equity basics, capital accounts, and how income flows into equity.
🧠 Quiz coming soon.
Revenue (Income)
Module 4
Explore what counts as income, how to record it, and when it hits your books.
📍 Profit & Loss Statement
📘 Covers: Accrual vs. cash, types of income, and recognition tips.
🧠 Quiz coming soon.
Expenses
Module 5
Track what your business spends to operate—from rent to supplies.
📍 Profit & Loss Statement
📘 Covers: Fixed vs. variable, expense vs. asset, and deduction tips.
🧠 Quiz coming soon.
Why Learn With KB2?
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✔️ Real-world accounting made simple
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✔️ Created by tax pros and small biz experts
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✔️ Free to access – no signups required
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✔️ Quiz yourself after every module
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✔️ Earn a certificate at the end!
Complete the Final Assessment & Earn Your Certificate
Once you've finished all five modules, you'll take a 20-question final quiz. Score 80% or higher to earn your official KB2 Academy Certificate of Completion!