Fundamentals of Accounting

Hours: 140 / Access Length: 12 Months / Delivery: Online, Self-Paced
Retail Price: $1,499.00

Course Overview:

This course will  provide an introduction to the concepts and uses of accounting in a business environment. The primary areas of study in this course include analysis of business transactions, recording procedures and the use of ledgers and journals, accounting for sales and purchases, managing cash, payroll, accruals and deferrals, and preparation and analysis of basic financial statements. After completing this course, students will have  solid understanding of business and financial accounting and its role in bookkeeping administration.

Upon successful completion of this course, participants will be able to:

• Recognize accounting transactions and record them in journals using proper formats.
• Use accounting software and spreadsheets to input, manage, and interpret information.
• Apply the concepts of accrual accounting to transactions that span fiscal periods.
• Record accounting transactions for merchandising operations and understand how to cost inventories using a variety of methods.
• Journalize transactions specific to managing cash and accounts receivable.
• Record transactions for uncollectible accounts.
• Prepare financial statements including income statements, statements of retained earnings, balance sheets and statements of cash flow.
• Create professional and accurate financial documents.

About This Course:

We are committed to offering world class interactive online courses that provide training and learning support for the student in a number of ways during their experience. This course structure has been developed to provide activities to guide students throughout the entire process of learning. Learning activities include hands-on assignments that allow students to use what they are learning to allow better transferable skills within their work environments.

When a student learns, they are not alone.   Each student will be supported by our student services department – which ranges from course mentors, registrar, and technical support assistance.   Every month students have a progress report run on them every month by our student services department to ensure they are making satisfactory progress.   If a student falls behind, we reach out to them personally by phone call every month to see if there is anything we can do to continue to assist them with moving forward in their course.

Course Outline:

Lesson 1: Introduction to Accounting

Lesson 2: Analyzing Business Transactions

Lesson 3: Recording Transactions

Lesson 4: Accounting for Sales and Purchases

Lesson 5: Payroll

Lesson 6: Accruals, Deferrals and the Worksheet

Lesson 7: Financial Statements and Closing Procedures

All necessary course materials are included.

System Requirements:

Internet Connectivity Requirements:

• Cable, Fiber, DSL, or LEO Satellite (i.e. Starlink) internet with speeds of at least 10mb/sec download and 5mb/sec upload are recommended for the best experience.

NOTE: While cellular hotspots may allow access to our courses, users may experience connectivity issues by trying to access our learning management system.  This is due to the potential high download and upload latency of cellular connections.   Therefore, it is not recommended that students use a cellular hotspot as their primary way of accessing their courses.

Hardware Requirements:

• CPU: 1 GHz or higher
• RAM: 4 GB or higher
• Resolution: 1280 x 720 or higher.  1920x1080 resolution is recommended for the best experience.
• Speakers / Headphones
• Microphone for Webinar or Live Online sessions.

Operating System Requirements:

• Windows 7 or higher.
• Mac OSX 10 or higher.
• Latest Chrome OS
• Latest Linux Distributions
  

NOTE: While we understand that our courses can be viewed on Android and iPhone devices, we do not recommend the use of these devices for our courses. The size of these devices do not provide a good learning environment for students taking online or live online based courses.

Web Browser Requirements:

• Latest Google Chrome is recommended for the best experience.
• Latest Mozilla FireFox
• Latest Microsoft Edge
• Latest Apple Safari

Basic Software Requirements (These are recommendations of software to use):

• Office suite software (Microsoft Office, OpenOffice, or LibreOffice)
• PDF reader program (Adobe Reader, FoxIt)
• Courses may require other software that is described in the above course outline.