Join us to understand the how and why of bookkeeping and how management can use the end result to change the world.
Accounting isn't a necessary evil when in business. Understand the purpose of accounting and how it can be used to make more informed decisions as you run the business. See what you should expect and how you can use accounting to be more profitable.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Understanding the Difference Between Bookkeeping and Accounting
What Is the Purpose of Bookkeeping
- Climbing the Wisdom Pyramid
The Purpose of the Financials
- The Profit and Loss State - Income Statement
- The Balance Sheet
- The Cash Flow Statement
Therefore What
- Taxes
- Accounting, Watching the Trends and Seeing the Comparisons
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More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 29, 2025.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty

Roger Knecht
Universal Accounting Center
- President, Universal Accounting Center
- Assists owners, managers, and accounting professionals excel in business
- Host of the podcast: ‘Building the Premier Accounting Firm’
- Author of ‘Your Strategic Accountant’, and ‘Your Profit & Growth Expert’
- Can be contacted at [email protected], 801-265-3777, or https://www.linkedin.com/in/rogerknecht/
Add to Wishlist
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
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Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.