Name:Jehani J.

Barat Date: May 13, 2022

Course and section: BSMT 2A Subject Code: IS 103

Learning Log

"Webinar on Simple Accounting & Bookkeeping"

During the Webiner on Simple Accounting & Bookkeeping, I’ve learned

about the bookkeeping terminologies and how to record business
transactions. In bookkeeping, there are many things that needs to understand
in different types of business organisations and their activities, as these are all
relevant to processing financial information. I also learned how to manage a
company's money and ensure that it stays afloat throughout the year. This
kind of skill will help us as an entrepeneurs someday and this will also
requires you to master research and analysis, elements of finance and
economics, reporting and statistics, business fundamentals, and much more. I
have also learned the basic accounting formulas such as on how to get the
Net income, Gross Profit, Gross profit margin and even understaning the
difference between the Current assets and current liabilities.

Knowing about this topic helps me someday on how to start, process

and manage business operations that needs to acquire in establishing my
business. Also, It is a vital knowledge for me as a future healthcare
professional because we will be able to know how to track and manage the
ongoing and outgoing transactions that will ensure an organized process of
the payments of the patients.

Finally, I would like to know more about the Accounting as it catch up

my attention and I know for sure that I can use it someday. I am blessed that I
got an oppurtunity to gain more knowledge about it and this will help me
comprehend and investigate financial statements and will empower me to
take great business choice in view of accounting data.