Online Course: Accounting & Bookkeeping for Beginners - Certificate and CEUs
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Tuesday, May 13, 2008
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Online Class: Accounting & Bookkeeping for Beginners

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Course Cost
Basic Course: $80.00
with Certificate & CEUs: $105.00
This class is an introductory course to accounting. It is college-level material that is very well put together and is designed to give the accounting student a great start in the wonderful and profitable field of accounting. The course follows the systematic accounting cycle. It discusses job opportunities in the field and lawmakers. It also discusses 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, the matching principle concept, inventory valuation (FIFO, LIFO etc ) depreciation, adjusting entries, posting transactions, financial statements, ratio analysis and much, much more. After successful completion of the course, the student will feel very confident about his or her accounting skills and will 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. Enroll today! This is a self-paced, online course. You have 6 months to finish. An instructor will monitor your progress and assess your body of work at course completion. UniversalClass™ offers many wonderful learning tools to help you get the most out of your online course, including an online portfolio service that manages all your course completions. This class has been officially reviewed by our Course Review Committee that scrutinizes course content and instructor participation. This course has received our Committee's highest rating: 4 stars.

If you would like to receive more information regarding this course, scroll down and fill out the "Request More Information" form and we'll try to answer any of your questions within the day.

Continuing Education Units (CEU)
3.0 CEUs

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. The course follows a systematic process that allows non-accountants the opportunity 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 SOUND REINFORCING 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.  Be sure to look at the syllabus for important information on getting practice quizzes with the first-edition book version of this course. A TRULY COMPLETE COURSE!

The ultimate goal of this course is to guide and motivate you to consider accounting as a lifetime career. This is a very exciting and rewarding field. You will also use the class as a tool to evaluate your accounting skills. 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.
This course offers 3.0 CEUs upon successful completion. You may take this online course with or without CEU documentation. An online and hard-copy Certificate of Course Completion displaying your coursework and CEUs earned is included with the CEU Option. We also offer an expedited Transcript Service for sending your accomplishments to a third party.

Course Lessons

  1. Job Opportunities In Accounting - The 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.
  2. Regulatory Bodies - It'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).
  3. Accounting Cycle - Get an overview of the whole accounting cycle, from A to Z through flowcharts and diagrams.
  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).
  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! Download a FREE copy of the book "Simple Accounting" which includes additional practice quizzes.
  6. Recording Transactions & Posting To The GL - Here 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...
  7. Preparing a Trial Balance & Adjusting Entries - Two 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).
  8. Financial Statements - A 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).
  9. Understanding The Statement Of Cash Flow - See 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.
  10. Ratio Analysis - The 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.
  11. Starting a home-based bookkeeping business - Practical advice, tips, ideas and other important legal information for those interested in starting a bookkeeping business now or in the future.
  12. An Introduction to Auditing - Those 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.
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Optional Certificates Awarded

  1. Certificate of Attendance
  2. Certificate of Class Participation
  3. Certificate of Appreciation
  4. Certificate of Merit
  5. Certificate of Outstanding Achievement
  6. Certificate of Academic Excellence

Reference letters will also be available to students for jobs and continuing education.


Certificates awarded by the instructor will vary and are based upon student merit. Any awards you earn are considered unofficial (or temporary) unless you decide to make the award official. To make an award official, there is a $30.00 processing fee that covers the customization, printing, and shipping of a hard copy of the certificate as well as access to the UniversalClass™ Transcript Service. Official awards include a serial number that verifies the authenticity of the award you earned for a lifetime (great for employers to verify your achievement).

Additional Information

Course Title : Accounting & Bookkeeping for Beginners
CEU Value : 3.0 (Continuing Education Units)
Course Number : 3614
Course Type : Professional Development
Course URL : http://financialaccounting.onlineclasses.com
Course Review :
Instructor : Dantes Joseph Jr.
Syllabus : View Syllabus
Duration : Continuous: Enroll anytime!
Course Fee :
Basic Course: $80.00
with CEUs & Certificate: $105.00
NOT FOR COLLEGE CREDIT
This is a non-credit course. This course may not fulfill any local, state, government, licensing, or educational requirements.
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Document your coursework with a Certificate of Course Completion. Pre-pay now for the Certificate Option and receive a $5.00 discount off the regular certificate price (normally $30.00). Includes both an online version and a hard-copy of your certificate, verified and tracked by a unique serial number.


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