Publication Details
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| Accounting Fundamentals |
| Price: |
$99.00 |
| Business Focus: |
Accounting |
| Instructor: |
CharleneMessier |
| Course Code: |
fun |
| Delivery Method: |
Instructor-led Online Course |
| Frequently Asked Questions |
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| Course Overview: |
| Demand for accounting professionals currently exceeds supply. If you're interested in increasing your financial awareness and accountability while also gaining a marketable skill, this course is for you. You'll learn the basics of double-entry bookkeeping, while also learning how to analyze and record financial transactions, as well as prepare various financial reports at the end of the fiscal period. Accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities will be discussed. We'll cover all the bases, from writing checks to preparing an income statement and closing out accounts at the end of each fiscal period. Suitable for either a small business or an individual household, this course is sure to increase financial awareness and accountability. |
| Instructor Biography: |
| With more than 20 years of teaching experience to her credit, Charlene Messier had 12 years of practical experience in business following her college training. She now teaches business subjects to over 100 students a year at the quaint New England Village High School from which she graduated 35 years ago. She specializes in teaching adult education courses in accounting, word processing, business law, and business economics. |
| Course Syllabus: |
| Lesson 1 Syllabus |
Welcome to Accounting Fundamentals! In this first lesson, you'll learn all about account classifications, debits, credits, and T accounts. You'll learn the difference between a liability and an asset, and you'll find out how to determine an owners equity. |
| Lesson 2 Syllabus |
Here's where you'll begin your hands-on accounting practice: You'll start by creating an imaginary company for which you'll be the accountant. You'll learn how to analyze your company's transactions to determine which amounts go into which accounts, then you'll create your company's own General Ledger forms and post a few transactions into those accounts. You'll also prepare a Balance Sheet to prove your accounting equations. |
| Lesson 2 Objective |
Learn about account classifications, account titles, 'T' accounts and understand the accounting equation. |
| Lesson 3 Syllabus |
Now that you have an understanding of the functions of the General Ledger, you're ready to move on to the next phase of recording transactions: the Journal. In this lesson, you'll learn how to enter transactions into an 11-column journal and then post or transfer those amounts into appropriate General Ledger accounts. |
| Lesson 3 Objective |
Learn how to analyze transactions, enter them in the General Ledger, and prepare a Balance Sheet. |
| Lesson 4 Syllabus |
In this lesson, you'll learn all about Accounts Payable--money that you owe your vendors and suppliers. You'll practice journalizing cash purchases and purchases on account, and you'll get hands-on practice transferring those purchases to their corresponding Accounts Payable Ledger accounts. |
| Lesson 4 Objective |
Learn how to journalize transactions and post to the General Ledger. |
| Lesson 5 Syllabus |
In this lesson, you'll learn about Accounts Receivable, which is another name for money owed to your company by its customers. You'll learn how to journalize and post those sales on account, how to enter charge sales into the journal, and how to transfer the information into an Accounts Receivable Ledger. |
| Lesson 5 Objective |
Learn how to journalize cash purchases, purchases on account, and payments on account and post to the Accounts Payable Ledger. |
| Lesson 6 Syllabus |
It's payday! This lesson will teach you how to determine gross pay, deductions, and net pay. You'll learn how to prepare a payroll, write payroll checks, and how to prepare and maintain accurate payroll records. |
| Lesson 6 Objective |
Learn how to journalize cash sales, charge sales, payments received on account and post to the Accounts Receivable Ledger. |
| Lesson 7 Syllabus |
In this lesson, you'll learn all about banks and banking services: You'll learn the proper way to write checks, make out deposit tickets, and reconcile your company's checking account with the bank statement--skills you'll find valuable in both your business and personal life! |
| Lesson 7 Objective |
Learn how to compute gross and net pay and journalize a payroll. |
| Lesson 8 Syllabus |
This lesson will teach you how to prepare a Schedule of Accounts Payable and a Schedule of Accounts Receivable. These reports can be used to compare the amount of money your business owes its creditors with the amount of money your customers owe your business. |
| Lesson 8 Objective |
Learn how to write checks, complete deposit slips, and prepare a bank reconciliation form. |
| Lesson 9 Syllabus |
In this lesson, you'll prepare a worksheet showing the net income or net loss for the fiscal period. The worksheet will show all income and expenses for the fiscal period as well as the assets, liabilities, and owners equity account balances. |
| Lesson 9 Objective |
Learn how to post journal totals to the General Ledger and prepare a Schedule of Accounts Payable and a Schedule of Accounts Receivable. |
| Lesson 10 Syllabus |
In this lesson, you will learn how to prepare various reports that are vital to the well-being of your company. You'll learn how these reports can be used to make sound financial decisions in the next fiscal period. You will discover how to put together an Owners Equity Statement, an Income Statement, and a Distribution of Net Income. |
| Lesson 10 Objective |
Learn how to prepare a Worksheet. |
| Lesson 11 Syllabus |
In this lesson, you'll prepare for the end of the fiscal period by adjusting your asset account balances to accurately reflect the assets remaining at the end of the year. You will also find out how to journalize and post adjusting and closing entries to bring your company's General Ledger up to date. |
| Lesson 11 Objective |
Learn how to prepare four end-of-year financial reports. |
| Lesson 12 Syllabus |
In our final lesson, we will prepare a Post Closing Trial Balance report to ensure that all of our debits and credits in the General Ledger balance out in preparation for the new fiscal period. |
| Lesson 12 Objective |
Learn how to journalize and post adjusting entries. |