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    Accounting and Bookkeeping Studies

    This course introduces the student to basic accounting terminology and the fundamental principles of accounting and the accounting cycle. Students will develop the practical skills necessary to record transactions in chronological order by using journals, and categorize them by account using ledgers. In addition, students will learn how to interpret financial statements, use them to determine company profitability, and measure cash flow. This course covers payroll expenses, liabilities, taxes, forms, laws, and regulations as well as a variety of other payroll functions. Students are also introduced to the fundamentals of the budgeting process.

    Program Name

    Accounting and Bookkeeping Studies

    Program Code

    BPAB-02

    Website Short Description

    This course introduces the student to basic accounting terminology and the fundamental principles of accounting and the accounting cycle. Students will develop the practical skills necessary to record transactions in chronological order by using journals, and categorize them by account using ledgers. In addition, students will learn how to interpret financial statements, use them to determine company profitability, and measure cash flow. This course covers payroll expenses, liabilities, taxes, forms, laws, and regulations as well as a variety of other payroll functions. Students are also introduced to the fundamentals of the budgeting process. To help with accuracy in budgeting and accounting, students will learn the basic functions of QuickBooks, including establishing an appropriate general ledger and generating basic reports. And finally, students will learn the fundamentals of understanding financial statements for purposes of obtaining financing.

    Duration

    6 months

    Hours

    300

    Language

    English

    Prerequisites

    There are no specific prerequisites for this course.

    Outline

    Lesson 1: Accounting and the Business Environment
    • Accounting Concepts and Principles
    • Accounting in Business
    • Regulating Accounting
    • Business Organizations
    • Accounting Equation
    • Accounting for Business Transactions
    Lesson 2: Recording Business Transactions
    • Recording Transactions
    • Data Flow in Accounting
    • Preparing a Trial Balance
    Lesson 3: The Adjusting Process
    • Revenue, Matching, and Time
    • Accounting Methods
    • Adjusting Entries and Accounts
    • Depreciation and Adjusting Process
    • Adjusting Entries, Trial Balance, and Financial Statements
    Lesson 4: Completing the Accounting Cycle
    • Accounting Cycle and Worksheet
    • Accounting Worksheet and Classification of Assets and Liabilities
    • Accounting Ratios
    • Closing the Accounts
    • Analyzing Financial Statements Using Ratios
    Lesson 5: Merchandising Operations
    • Merchandising Operations and Inventory
    • Accounting for Inventory
    • Purchasing Inventory
    • Sales of Inventory and Sales Returns
    • Adjusting Entries at End of Accounting Cycle
    • Preparing Financial Statements
    • Analyzing Business Operations
    Lesson 6: Merchandise Inventory
    • Computing and Recording Inventory
    • LCM Rule and Periodic System for Inventory Costing
    • Inventory Principles and Concepts
    • Inventory Errors and Estimations
    • Perpetual Inventory System
    Lesson 7: Accounting Information Systems
    • Computer Technology in the Field of Accounting
    • Manual Versus Computerized Accounting
    • Spreadsheets
    • Specialized Journals and Ledgers
    Lesson 8: Internal Control and Cash
    • Internal Controls
    • Effective Internal Control System
    • Bank Statement
    • Cash Control
    • Bank Reconciliation
    Lesson 9: Receivables
    • Understanding Receivables
    • Managing and Controlling Receivables
    • Notes Receivable
    • Analyzing Receivables
    Lesson 10: Plant Assets and Intangibles
    • Company’s Assets
    • Depreciation
    • Natural Resources and Intangible Assets
    Lesson 11: Current Liabilities and Payroll
    • Current Liabilities
    • Computing Liabilities
    • Payroll
    • Accounting for Payroll
    Lesson 12: Partnership
    • Characteristics of Partnerships
    • Establishing Partnerships
    • Partnership Guidelines
    • Liquidation of a Partnership
    Lesson 13: Financial Operations of Corporations
    • Corporations
    • Accounting for Issuance of Stock
    • Financial Statements of a Corporation
    Lesson 14: Earnings and Stocks
    • Effects on Stockholders Equity
    • Effects on Retained Earnings
    • Reporting Stockholders Equity
    • Analyzing Earnings
    Lesson 15: Long-Term Liabilities
    • Bonds
    • Issuing Bonds
    • Amortization and Bonds Payable
    • Borrowing Money
    Lesson 16: Investments and Cash Flow
    • Cash Flow
    • Reporting and Cash Flow
    • Using Indirect Method
    • Using Direct Method
    Lesson 17: Financial Statement Analysis
    • Introduction to Financial Statement Analysis
    • Forms of Financial Statement Analysis
    • Economic Value Added
    Lesson 18: Management Accounting
    • Management Accounting Versus Financial Accounting
    • Controlling, Calculating, and Reporting Cost
    • Cost-Benefit Analysis
    Lesson 19: Job Costing
    • Job Order and Process Costing
    • Allocating Overhead
    • Non-Inventoriable Costs
    Lesson 20: Process Costing
    • Job Order Costing Versus Process Costing
    • Methods and Procedures in Process Costing
    Lesson 21: Cost-Volume-Profit Analysis
    • Cost-Volume-Profit Analysis Introduction
    • Performing CVP Analysis
    • Using CVP Analysis Methods to Plan Profits
    • Analyzing Variable Costing and Absorption Costing
    Lesson 22: Budgeting
    • Importance of Budgeting
    • Operating Budget Preparation
    • Various Types of Budgets
    • Using Sensitivity Analysis in Budgeting
    Lesson 23: Flexible Budgets and Standard Costs
    • Introduction to Flexible Budgets and Standard Costs
    • Preparing a Flexible Budget for the Income Statement
    • Computing for Budget and Costs
    • Computing Standard Cost Variances
    • Analyzing Manufacturing Overhead in a Standard Cost System
    Lesson 24: Cost Systems and Business Decisions
    • Accurate Cost Systems and Sharpening Focus
    • Methods on ABC System
    • Production Quality
    • Management Scenario
    • Business Terms and Decisions
    • Business: Capital and Budgeting
    Lesson 25: Getting Started with QuickBooks
    • Home Page and Navigation
    • New QuickBooks Company File Setup
    • Preferences and Lists
    • Understanding Accounting
    Lesson 26: Working with Business Transactions in QuickBooks
    • General Journal
    • Inventory
    • Accounts Receivable
    • Accounts Payable
    Lesson 27: Payroll in QuickBooks
    • Processing Payroll
    • Reviewing Payroll Reports
    Lesson 28: Additional QuickBooks Features
    • Bank Reconciliation
    • Credit Card Accounts
    • Custom Reports
    • Maintain Company Files

    Audience

    The Accounting and Bookkeeping Studies Program is for anyone who desires to have a better understanding of basic accounting and bookkeeping procedures or who desires to work in a bookkeeping/ accounting department. This program is particularly well suited for anyone who has recently assumed some bookkeeping and/or accounting responsibilities; anyone who works in business and wants a foundation in bookkeeping and/or accounting, or anyone who wants better understanding of the principles of bookkeeping and/or accounting.

    Certification

    The Bookkeeper Certification is accredited by the National Bookkeepers Association (NBA). The Certification is recognized throughout the United States and its properties.
    Purpose
    NBA's Bookkeeper Certification assures employers of your bookkeeping knowledge and skill.
    NBA's nationally recognized Bookkeeper Certification helps you:
    Distinguish Yourself
    Build Credibility
    Validate Bookkeeping Knowledge
    Demonstrate Bookkeeping Skill
    Requirement
    You obtain Bookkeeper Certification by passing NBA's Uniform Bookkeeper Certification Examination (Exam).
    Each state may have additional licensing requirements, be sure to research your states requirements for employment by visiting your states occupation board.

    Instructor Description

    Though this program is a self-paced program it is supported by an educational mentor. Educational mentors are subject matter experts who have years of experience in their field as well as the necessary educational training and credentials to work as an expert. The mentor is available to answer any questions a learner may have including questions on course content, course material, certifications, and even industry questions. Mentors also monitor the progress of learners to ensure training retention and program advancement. In eLearning, motivation is a key tool to success. Because of this, mentors provide encouraging comments, feedback, and coaching to motivate learners throughout the duration of the program to support completion and success!

    Required Materials

    All required reference materials are provided with this program. Technical requirements:

    Internet Connection
    • Broadband or High-Speed (DSL, Cable, Wireless)
    Hardware Requirements
    • Processor - 2GHz Processor or Higher
    • Memory - 1 GB RAM Minimum Recommended

    Software Requirements
    • Operating Systems - Windows 7, 8 or 10; Mac OS x 10 or higher
    • Internet Browsers - Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)

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