Accounting

Online Class: Accounting, Bookkeeping, and Finance 101

Learn the Fundamentals of Accounting Today!

Understanding the basics of accounting can make the difference between success and failure in so many different areas of life. Financial reports, balance sheets, reconciling bank statements--and the ability to create, interpret and implement them--are all tools we can't afford to ignore.

Course Video: Accounting & Bookkeeping 101 for Everyone

Course Cost: 6 Month Subscription

Basic Course (no certificate) = $60.00
Course with Certificate & CEUs = $85.00

3.0 CEUs
Continuing Education Units

Earn a certificate (both hard copy and electronic) upon successful completion (additional charges apply). 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.

Course Description

"Accounting & Bookkeeping 101 for Everyone" is a course that covers the fundamentals of accounting with the newcomer in mind. Accounting is more than just memorizing terms and procedures; it's a whole new way of thinking about finances. This course assumes students have no prior knowledge about accounting or finance, and delivers lessons and examples to build accounting skills. Specifically, this class addresses accounting terminology, revenue, expenses, net income, the accounting equation, debits, credits, and balancing the accounting formula, the accounting structure, the accounting cycle, journals, ledgers, the trial balance and more. It also guides students to learn how to read financial statements properly, and how to grab meaningful information from the balance sheet, income statements and cash flow statements.

After completing this course, you will have a solid understanding of accounting in today's world. By applying the concepts learned in this course, you will understand the processes behind Accounts Payable and Accounts Receivable, you will understand how and why financial transactions are documented, you will know what cash flow is and how to improve it, you will know what profit is, how it's interpreted, and what influences its growth. Moreover, you will know where the money in the company you work for, or own, goes. Learn accounting now and achieve a skill that is an invaluable (if not required) asset to your professional development.

This course is complete and comprehensive, and covers all the fundamentals of accounting, and includes full video to help you master the concepts covered! So join us today! And let's learn the fundamentals of accounting!

Course Lessons

Lesson 1: Introduction to Accounting: Why accounting is a necessary skill

Accounting is the "language of business". Great managers of any organization must know accounting fundamentals and have a solid understanding of how to read financial statements.

Lesson 2: The History of Accounting

Throughout history, accountants have made sizable contributions to the development of cities, trade, and industry not to mention the formulation of the practice by which numbers came to represent wealth.

Lesson 3: The Fundamentals of Accounting

Basic terms, Assets, Liabilities, Owners' Equity, Accounting Equation, Business Types, Bookkeeping, Auditing, GAAP

Lesson 4: Assets, Liabilities and Owners' Equity

In this lesson we'll cover assets, liabilities, and Owners' Equity.

Lesson 5: Financial Reports

This lesson covers basic information regarding financial reports.

Lesson 6: The Income Statement

This lesson explains what income statements are and determination of expenses vs revenue.

Lesson 7: The Income Statement: Understanding Revenue, Expenses, Income, and Retained Earnings

Purpose of the Income Statement; How to read the Income Statement; What are Retained Earnings, Revenue, Expenses, Net Income, Income Tax, Cash Accounting, Accrual Accounting

Lesson 8: Worksheet Problems: Income Statement, Revenue, Expenses, Net Income

This lesson contains workbook problems to solidfy your understanding of revenue, expenses, and net income.

Lesson 9: The Balance Sheet

This lesson includes the definition of a balance sheet and the pros and cons of off balance-sheets.

Lesson 10: Worksheet Problems: The Balance Sheet

How to balance the fundamental accounting equation; Debits and Credits; "T" Accounting; Double Entry Accounting; Diagrams and Charts; Real World Example;

Lesson 11: Worksheet Problems for Accounting Equation, Debits & Credits

Real world examples of debits and credits and how to balance the accounting equation.

Lesson 12: The Accounting Structure: A Closer Look

Recording Transactions; Source Documents; General Journal; General Ledger; Trial Balance

Lesson 13: Bookkeeping 101

This lesson describes the differences between bookkeeping and accounting and the resposibilities, liabilities, and certification available in becoming a bookkeeper.

Lesson 14: Bookkeeping: Dos and Don'ts

This lesson details how to effectively record data, and the mistakes to avoid.

Lesson 15: The Accounting Cycle

Learn all the elements of the accounting cycle, from what occurs at the beginning of the Accounting Period, to the generation of financial reports and an independent audit at the end of the Accounting Period.

Lesson 16: Inventory, FIFO, LIFO, Cost of Goods Sold

In this lesson we'll learn about Inventory, First-In, First-Out, Last-In, First-Out, Cost of Goods Sold, and average cost of goods sold.

Lesson 17: Cash Flow, Fixed Assets, Depreciation

Understanding positive and negative cash flow.

Lesson 18: Management Accounting

This lesson focuses on how financial reporting can be used to achieve sales goals and productivity.

Lesson 19: Cash Flow Management

This lesson addresses available working capital, cash flow analysis, and a well-balanced cash flow.

Lesson 20: Accounting Ratios: Liquidity, Solvency and Profitability

This lesson discusses accounting ratios and profitability to finacially analyze a firm.

Lesson 21: Asset Management and Asset Valuation

This lesson describes the accounting process of monitoring fixed assets and determining the current market value of a company's holdings.

Lesson 22: Payroll Accounting

This lesson describes how to keep accurate payroll records, avoid mistakes, taxes due, and employee files.

Lesson 23: The Audit

This lesson discusses the various kinds of audits, what to expected if audited, and the records needed.

Lesson 24: Ethical Business Practices in Accounting

This lesson addresses the mandatory and accurate disclosure of profit and losses to investors of public companies (corporations), and the penalties for misrepresentations.

Optional Certificates Awarded

Certificate of Attendance
Certificate of Class Participation
Certificate of Appreciation
Certificate of Merit
Certificate of Outstanding Achievement
Certificate of Academic Excellence

Certificates may be awarded by the instructor at his/her own discretion and are based on student merit. To save your award and have a hard-copy delivered, there is a $30.00 processing fee that covers the customization, printing, and delivery of the award, as well as access to the UniversalClass™ Portfolio Service that documents your achievements online. Official awards have a serial number that verifies the authenticity of the award (great for employers to verify your achievement).

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Additional Information

Course Title	:	Accounting & Bookkeeping 101 for Everyone
CEU Value	:	3.0 (Continuing Education Units)
Course Number	:	30302
Course Type	:	College Level
Course URL	:	http://accounting.onlineclasses.com
Course Rating	:
Instructor	:	June Tsung
Syllabus	:	View Syllabus
Course Review	:	Read Editorial Review
Duration	:	Continuous: Enroll anytime!
Course Fee	:	Basic Course: $60
		with CEUs & Certificate: $85

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, or educational requirements.

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To use any of these methods you must press the "Join this Course" button on this screen and go through the online registration process in order to generate the correct order form and correctly process your enrollment.

Learn the language of business--accounting, bookkeeping and finance. This is an introductory course that will provide you with the necessary skills of understanding accounting and finance. Grow in your career by increasing your knowledge, terminology and business tools. The ultimate goal of this course is to guide and motivate you to consider accounting as a lifetime endeavor.

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