Basic Bookkeeping (Self-paced)
Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and money! Numbers connect us all in many more ways than we might imagine. Essentially, our world revolves around numbers.
Some of us enjoy dealing with numbers, while others may fear them or even have a phobia. For those of you who have already recognized and appreciated the impact that numbers have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!
Objectives:
- Understand basic accounting terminology.
- Identify the differences between the cash and accrual accounting methods.
- Keep track of your business by becoming familiar with accounts payable and receivable.
- Use a journal and general ledger to document business financials.
- Utilize the balance sheet.
- Identify different types of financial statements.
- Uncover the reasons for and actually create a budget.
- Be familiar with internal and external auditing.
Enroll in our Self-Paced Online Course on Basic Accounting!
This self-paced online course is designed to provide you with a comprehensive understanding of basic accounting. By the end of this course, you will have gained valuable skills and knowledge that can be immediately applied in your professional life. Don’t miss this opportunity to enhance your career and become an expert in basic accounting! Enroll today! ????
Course Outline:
- Introduction: Begin your journey with a clear understanding of the course’s objectives.
- Basic Terminology (I): Learn about balance sheets, assets, liabilities, equity, income statements, revenue, cost of goods sold, expenses, and accounting periods.
- Basic Terminology (II): Understand accounts receivable, accounts payable, depreciation, general ledger, interest, inventory, journals, payroll, and trial balance.
- Accounting Methods: Discover the differences between the cash and accrual methods of accounting.
- Keeping Track of Your Business: Learn about accounts payable, accounts receivable, the journal, the general ledger, and cash management.
- Understanding the Balance Sheet: Understand the accounting equation, double-entry accounting, types of assets, types of liabilities, and equity.
- Other Financial Statements: Learn about income statements, cash flow statements, capital statements, and budget vs. actual.
- Payroll Accounting / Terminology: Understand gross wages, net wages, employee tax withholdings, employer tax expenses, salary deferrals, employee payroll, employee benefits, tracking accrued leave, and government payroll returns/reports.
- End of Period Procedures: Learn about depreciating your assets, reconciling cash, reconciling investments, working with the trial balance, bad debt, and posting adjustments and corrections.
- Financial Planning, Budgeting and Control: Understand the reasons for budgeting, creating a budget, and comparing budget to actual expenses.
- Auditing: Learn what an audit is, when and why you would audit, and the difference between internal and external audits.
- Wrapping Up: Review the main points, lessons learned, and post-assessment of this course, and get some recommended reading.