Accounting & Bookkeeping (US) Course

Make sure you’re on top of your accounts by taking our Accounting & Bookkeeping course for business minded individuals.

Everyone who works in a business has accounts. All Business and Accounting majors have accounts exams. We all know that they are hugely important, however few can claim to understand accounts properly.

EwB guides you through the complex maze of the accounting world by teaching in language that is easy to understand. Topics covered include payroll, shareholders' equity, balancing the books and preparing financial statements

Whether you are interested in becoming an Accountant or Bookkeeper or  simply want to understand more about the numbers at your business, our online course will teach you how to get on top of accounts painlessly.

 

Highlights

  • Aimed at those looking to refresh their skills or complete beginners.
  • The Course features engagingly written text-based articles, a series of practical exercises, Videos tutorials, and a multiple-choice test to benchmark and measure your progress
  • Contains 20 hours of learning materials but can be completed in as little as 12 hours of dedicated study
  • Provides 24/7 access to all learning materials from the date you register
Video Taken From Unit 5.3 Preparing Financial Statements

Preview

Course Content

Syllabus

Video

User Dashboard

The Test

Course Certificate

Syllabus

Section 1: Foundation

directright

Unit 1.1 - What Accounting Can Do for Your Business

Why an understanding of bookkeeping and accounts helps you manage your business and make it more profitable.

directright

Unit 1.2 - Key Decisions

Choose the right type of business including non-profit organisations ● Cash and accrual accounting ● Tracking key numbers ● The key roles

directright

Unit 1.3 - The Language of Accounting

What are debits and credits and do banks always get them round the wrong way? ● Key terms explained ● Why cash isn’t profit and profit isn’t cash

Section 2: Organisation

directright

Unit 2.1 - Organizing Your Accounts

How to get things to appear in the right place and knowing your assets from your liabilities and your income from your equity

directright

Unit 2.2 - The Accounting Cycle

Understanding the accounting jigsaw ● From transactions to financial statements – how all the steps in the bookkeeping and accounting process fit together

directright

Unit 2.3 - Computerized Accounting

The benefits of using a computerized system ● Are there any drawbacks? ● On your computer or online? ● The key players includingQuickBooks, Sage, Bookkeeper and Xero

directright

Unit 2.4 - Computerized Accounting Behind the Scenes

Understanding what goes on in your computerized system and how your transactions inputs are turned into meaningful accounts

Section 3: Inventory & Sales

directright

Unit 3.1 - Managing Inventory

Making sure you have what your customers want to buy when they want to buy it ● Knowing what your inventory cost you and how much you now have and what it’s worth

directright

Unit 3.2 - Tracking Sales

Cash and credit sales ● Discounts and their impact on profit ● Managing account customers and dealing with bad debts

directright

Unit 3.3 - Reconciling Cash

Cash in hand and bank accounts ● safeguarding your cash – the key controls to keep your cash safe ● Check up on your bank – the importance of the bank reconciliation

Section 4: Expenses

directright

Unit 4.1 - Controlling Expenses

Business or private? How to identify expenses properly ● Keeping a tight grip on your costs ● Managing petty cash for smaller expense amounts

directright

Unit 4.2 - Payroll

Who counts as an employee ● Getting the essential paperwork right ● Different ways of paying employees ● Benefits ● Dealing with government requirements

directright

Unit 4.3 - Buying and Selling Long-Term Assets

How to deal with long term assets ● Different types of long-term assets ● How long-term assets appear in your accounts ● Intangible assets

directright

Unit 4.4 - Liabilities

Liabilities explained ● Types of current liability ● Calculating current liabilities ● Types of noncurrent liability ● Calculating noncurrent liabilities

Section 5: Bookkeeping

directright

Unit 5.1 - Testing Your Book's Balance

Why bother with a trial balance? ● Finding common bookkeeping and accounting errors and sorting them out

directright

Unit 5.2 - Adjusting Entries

Moving from bookkeeping to accounting ● Getting a true view of how your business is really doing ● Depreciation ● Accruals and prepayments ● Corrections

directright

Unit 5.3 - Preparing Financial Statements

The importance of financial statements ● From trial balance to your company results ● The income statements ● The balance sheet ● The cash flow statement

directright

Unit 5.4 - Analyzing Profitability

Using your accounts to make business decisions ● The key accounts measures that tell you how well your business is doing ● Returns and margins

directright

Unit 5.5 - Testing Liquidity

What’s liquidity? ● Why liquidity can be more important than profit ● The key ratios that can govern the survival of your business

directright

Unit 5.6 - The Importance of Internal Controls

How the right controls can protect your business ● Safeguarding your cash ● Protecting against fraud and theft ● Employee bonding

Section 6: Taxes & Reporting

directright

Unit 6.1 - Business Taxes

Understanding and calculating the most important business taxes ● Employee Taxes ● Sales Taxes ● Corporate Taxes

directright

Unit 6.2 - Year-End Government Reporting

The reports your accounting system needs to produce to send to government ● Dates and deadlines● Employee and payroll reports ● Tax reports

directright

Unit 6.3 - Closing the Books

What you need to do at the end of each year ● The accounting entries that are necessary to get you ready for the next year

Pricing

Pricing is for 12 months access.

*The AUD price shown above is an estimate. Actual charges are based on the current exchange rate from GBP

Requirements

Software:

  • Required: none
  • Suggested: Microsoft Excel, Numbers or equivalent. Google Docs or Microsoft Web Apps could also be used.

Completion Time: 12 hours (average)

About the Author

Lita Epstein, MBA