Fincancial Acounting help

[ryoder]

I read accounting demystified since I have a safari account so it was sort of free for me.
Read some kind of intro to accounting book that goes slow and gets you into the mindset of Assets = Liabilities + Equity
This is the theme of double entry accounting.
I learned the basics, read the CLEP book and was a little freaked out about accounting also. Since you can't CLEP accounting 2 and will have to use straighterline to do accounting 2 I would recommend using straighterline for accounting 1 also. While you are in there you can also do business communications if you need that.

SL costs 100 a month and 39 per class. You can buy the book used on amazon.com really cheap. The tests are online non proctored but timed.
Most of the answers were plucked from example problems and general quotes from the book so if you know the basics you can find the answers in the book.

For example:
Issuing $500 in stock dividends does what to equity? what to retained earnings?
Issuing a stock split does what to equity? what to assets?

The answers to those two questions will be found in a section titled "Accounting for the issuance of dividends". There will literally be a line in the text that says it decreases assets and retained earnings.

After doing my initial book reading which took two weeks since I was studying other things, I passed accounting I and II in a week. Business comm was another week so I was done with 3 classes for 100+39+39+39. That is a steal!