Course Overview
Companies of all sizes across the globe rely on inpiduals with accounting training to help keep their finances in order. Students enrolled in this comprehensive Accounting course can begin by learning accounting basics and work up to more detailed concepts and procedures for business. Topics such as ledgers, payroll, stocks and corporate accounting are all covered. This career focused course is designed for inpiduals looking to gain fundamental accounting knowledge that could help them in their personal lives or who have an interest in pursuing entry-level accounting jobs.
Course Outline
Introduction to Accounting: • Accounting in Context • The Accounting Mindset • The History of Accounting: A Yardstick on our Civilization • A Crash Course in Computers for Accounting Personnel • Two Extended Accounting Case Studies • Accounting Documents: A Visual Glossary
Fundamentals of Accounting - Part One: • The Purpose of Accounting • Financial Versus Managerial Accounting • The Balance Sheet • The Income Statement • Analyzing Transactions • The T-Account • Journal Entries • Posting to the Ledger
Fundamentals of Accounting - Part Two: • Adjusting Entries • Linking the Income Statement and Balance Sheet • Completing the Accounting Cycle • Closing Entries • Types of Business Operations • Gross Profit and Net Income • Cost of Goods Sold • Sales Returns and Allowances • Sales Discounts • Measuring and Reporting Receivables
Fundamentals of Accounting - Part Three: • Subsidiary Ledgers and Special Journals • Ordering Systems • Purchase, Sales, Cash Receipts, & Cash Payments Journals • Payroll and Taxes • Compulsory & Voluntary Deductions • Recording the Payroll • Dealing with Cash • The Statement of Cash Flows • Partnerships
Accounting for Corporations - Part One: • The Ownership of a Corporation • Rights of Stockholders • Retaining Earnings • The Corporate Income Statement • No-Par & Par-Value Stocks • Distributing Dividends • Statement of Retained Earnings • Preparing Financial Statements for a Corporation
Accounting for a Corporation - Part Two: • Current Assets • Temporary Investments • Understanding Lower of Cost and Market (LCM) • Inventory Systems • First In, First Out (FIFO) • Last In, First Out (LIFO) • Weighted Average • The Amortization of Capital Assets • Liabilities and Preferred Equity
This educational program is an introductory course designed to help students gain knowledge necessary for the vocational application of this subject. Completion of this program does not fulfill the legal requirements of particular state licenses or certifications, which may require additional training or apprenticeships.
We take great pride in providing you with the most up-to-date accounting course textbooks and equipment. One or more of the above-mentioned subjects may, therefore, change if updating becomes necessary during the course of your studies. The order in which the accounting course material is presented may vary.
Can your course really prepare me for a career as an accounting professional? Our course is designed to teach you the important fundamentals of accounting that can be applied in a number of rewarding accounting careers.
Can I become an accountant after taking your course? This course can teach you the skills you need for a number of entry level accounting careers, but will not certify you as an accountant. Most accountants have a bachelor’s degree and certification as a public accountant.
What are the benefits of your accounting course? This Accounting course is an excellent starting point for inpiduals looking to begin or enhance a professional career in an accounting field. It can also be helpful to inpiduals looking to learn more about daily accounting procedures such as balancing a checkbook, learning how interest works, or calculating store discounts.