Online Class: Accounting & Bookkeeping for Beginners
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| | Course Cost: 6 Month Subscription Course (no Certificate) = $55.00 Course with CEU Certificate* = $80.00 | * Instantly download, print, and share your CEU Certificate at course completion (additional shipping/handling charges apply for hard copy delivery).
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 Course Description Introduction To Financial Accounting and Bookkeeping For Beginners is an introductory course to accounting, finance and bookkeeping designed to give you a great start in the wonderful and profitable field of accounting. Accounting is not an exact science and neither does it follow a random process; lessons are usually built on the previous ones. For this reason, the course is laid out in a systematic format that allows anyone to not only learn the techniques and principles involved, but also get an overall picture of the accounting cycle, step-by-step, through examples, exercises, flowcharts, and diagrams. We focus extensively on the fundamental accounting concepts as they are laid out by Generally Accepted Accounting Principles (GAAP). The course covers such topics as the accounting equation, the double entry system, debits and credits (a challenging area for newcomers!), the matching principle concept, inventory valuation: First in, First out (FIFO), Last in First out (LIFO), Specific Identification and Weighted Average methods. Depreciation charts explain and show the difference between straight-line depreciation, double declining balance, sum of the year's digits and units of production. Depletion and Amortization are also discussed. We look into assets, liabilities and equity accounts (including contra-asset accounts), T-accounts, prepaid expenses, bank reconciliation, petty cash, posting transactions, adjusting entries, financial statements, closing entries, post-closing trial balance, ratio analysis and much more. An important accountant's worksheet is presented that greatly simplifies the preparation of financial statements. Learn how to prepare and read the statement of Cash Flow to extract meaningful information about a company's financial position. COURSE INCLUDES FULL MOTION VIDEOS AND CROSSWORD PUZZLES TO REINFORCE KEY ACCOUNTING CONCEPTS.
After successful completion of the course, students will feel very confident about his or her accounting skills and may want to pursue it as a career. The course also allows anyone to analyze their skills and decide whether or not this is the right field for them. The class may also be used as a study guide for those already taking accounting. Students who are struggling with accounting now, will find this to be a strong reinforcement to their current study. They will find this material easier to understand and therefore increase their confidence level.
Learning Outcomes By successfully completing this course, students will be able to:
- Identify job opportunities in the accounting field.
- Identify regulatory bodies.
- Describe the accounting cycle.
- Identify the key concepts and related terminology of accounting.
- Record transactions and post entries to the General Ledger.
- Prepare a Trial Balance and Adjust Entries.
- Summarize the major financial statements of a company.
- Identify and describe the Statement of Cash Flow.
- Use Ratio Analysis.
- Describe the auditing process, and
- Demonstrate mastery of lesson content at levels of 70% or higher.
Course Lessons |  | Lesson 1: Job Opportunities In AccountingThe demand for accounting and accountants in general is very strong. We'll explore the job market and and see where you fit into the picture and what's available to you. | Lesson 2: Regulatory BodiesIt's important to have a general idea on the lawmakers and principles that govern the field. We'll discuss briefly the role and mission of the FASB, AICPA, SEC, IRS and see what they have in common with Generally Accepted Accounting Principles (GAAP). | Lesson 3: Accounting CycleGet an overview of the whole accounting cycle, from A to Z through flowcharts and diagrams. | Lesson 4: Fundamental Accounting Principles (part 1)Extensive discussion: Accounting equation, debits & credits, Cash vs. Accrual, contra accounts, T-accounts, double entry accounting, assets, liabilities & equity accounts, prepaids, bank reconciliation and more. (real examples & exercises). | Lesson 5: Fundamental Accounting Principles (part 2)From (part 1): Petty cash, Inventory: perpetual vs periodic, Cost of Goods sold, special treatment of office supplies and depreciation. MULTIMEDIA REVIEW & CROSSWORD PUZZLE! Get external links for additional practice exercises. | Lesson 6: Recording Transactions & Posting To The GLHere we seek to understand the purpose and flow of information between the general journal, sales & cash disbursements journal, general ledger and subsidiary ledgers. A close look also at source documents: invoices (& discounts), purchase orders... | Lesson 7: Preparing a Trial Balance & Adjusting EntriesTwo important steps are needed before statements can be prepared: Balancing the trial balance and making adjusting entries to bring office supplies, depreciation, inventory, bad debt expense and other accounts up to date. (MULTIMEDIA REVIEW). | Lesson 8: Financial StatementsA close look at the income statement, equity statement, balance sheet and footnote disclosure. Closing entries and a post-closing trial balance are also necessary to close the accounting cycle. (Solid Grid Exercise & MULTIMEDIA REVIEW for reinforcement).
| Lesson 9: Understanding The Statement Of Cash FlowSee and understand exactly where a company's cash goes: Identify cash flow from operating, investing and financing activities and trace ending cash balance reported on the balance sheet. MULTIMEDIA REVIEW. | Lesson 10: Ratio AnalysisThe financial statements are meaningless if they can't be measured against the industry and analytical trends. Liquidity, profitability, and leverage are just a few of the questions that ratios answer about a company's financial position. | Lesson 11: An Introduction to AuditingThose exposed to Auditing get a broader view of the Accounting Field and could qualify for higher paying jobs. This FREE introductory lesson looks into Generally Accepted Auditing Standards (GAAS), CPA requirements, auditor-job opportunities and services. |
Additional Information | Course Title | : | Accounting & Bookkeeping for Beginners | | CEU Value | : | | | Standard | : | Course Adheres to the ANSI/IACET 1-2007 Standard | | Accreditation | : | | | Languages | : | English - United States, Canada, United Kingdom, Australia, New Zealand, and other English speaking countries | | Course Number | : | 3614 | | Course Type | : | Professional Development | | Course URL | : | | | Course Rating | : |  | | Instructor | : | | | Syllabus | : | | | Grading Policy | : | Earn a final grade of 70% or higher to receive a CEU Certificate documenting CEUs earned | | Assessment Method | : | Lesson assignments and review exams | | Duration | : | Continuous: Enroll anytime! | | Requirements | : | View Technical Requirements | | Course Fee | : | Basic Course: $55.00 (no CEU Certificate) | | | | | NOT FOR COLLEGE CREDIT This is a non-credit course, and is provided for your personal enrichment.
This course is not intended to be a substitute for any state, government, licensing, certification or educational requirements.
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