Accounting and Bookkeeping (US)
Understand the numbers in your business. Learn the basics of accounting and bookkeeping in language that is easy to understand.
In this course you will learn:
- What accounting can do for your business
- To manage your accounts, track sales and reconcile your payments
- The basics of Payroll
- Buying and selling long-term assets
- To analyse profitability
- To test liquidity
- To prepare financial statements
+ Student Edition Syllabus
+ SECTION 1 | FOUNDATION - 19 MODULES
Unit 1 | What Accounting Can Do for Your Business
1. Introduction
2. What Is Accounting
3. Accounting Types
4. What Can You Expect To Learn?
5. Video
Unit 2 | Key Decisions
1. Introduction
2. Choosing the Entity Structure
3. Sole Proprietorship
4. Partnership
5. Limited Liability Company
6. Corporations
7. Nonprofit Organizations
8. Cash Versus Accrual Accounting
Unit 3 | Language of Accounting
1. Introduction
2. Debits Versus Credits
3. Statement of Position (Also Known as the Balance Sheet)
4. Statement of Activities (Also Known as the Income Statement or Profit and Loss Statement)
5. Glossary
6. Exercise
+ SECTION 2 | ORGANIZATION - 17 MODULES
Unit 4 | Chart of Accounts
1. Introduction
2. Level of Detail
3. Account Numbers (or Not)
4. Headings
5. Exercise
Unit 5 | The Accounting Cycle
1. Introduction
2. Entries
3. Posting
4. Trial Balance
5. Adjusting Entries
6. Financial Statements
7. Closing Entry
Unit 6 | Computerized Accounting
1. Introduction
2. Entry-level Accounting Software
Unit 7 | Computerized Accounting Behind the Scenes
1. Executive Summary
2. General Ledger
3. Journals
+ SECTION 3 | INVENTORY AND SALES - 32 MODULES
Unit 8 | Managing Inventory
1. Introduction
2. Selecting a System and a Method
3. Manufacturer Versus Retailer
4. Manufacturers’ Inventory Categories
5. Systems
6. Inventory Methods
7. FIFO – Periodic
8. LIFO – Periodic
9. Weighted Average – Periodic
10. FIFO – Perpetual
11. LIFO – Perpetual
12. Weighted Average – Perpetual
13. Lower of Cost or Market
14. Videos
15. Exercise
Unit 9 | Tracking Sales
1. Introduction
2. The Basics – Cash Sales
3. The Basics – Credit Sales
4. The Gross Method
5. The Net Method
6. Allowance for Doubtful Accounts
7. Percentage Sales Method
8. Aging Method
9. Collection of an Amount Written-Off
Unit 10 | Reconciling Cash
1. Introduction
2. Bank Accounts
3. Bank Reconciliation
4. Book to Bank Reconciliation
5. Bank to Book Reconciliation
6. Book to Adjusted Cash and Bank to Adjusted Cash
+ SECTION 4 | EXPENSES - 30 MODULES
Unit 11 | Tracking Expenses
1. Executive Summary
2. What Counts as a Legitimate Business Expense?
3. Buying and Monitoring Supplies
4. Paying Bills
5. Petty Cash
Unit 12 | Payroll
1. Introduction
2. Employee vs Independent Contractor
3. Recording Payroll for Employees
Unit 13 | Buying and Selling Long-term Assets
1. Introduction
2. Fixed Assets – Acquisition
3. Fixed Assets – Disposition
4. Changes in Estimates
5. Intangible Assets
6. Copyrights
7. Trade Names
8. Trademarks
9. Franchises
10. Research and Development
11. Goodwill
12. Patents
13. Videos
Unit 14 | Liabilities
1. Introduction
2. Current Liabilities
3. Non Current Liabilities
Unit 15 | Shareholders’ Equity
1. Introduction
2. Common Shares
3. Preferred Shares
4. Treasury Stock
5. Dividends
6. Disclosure
+ SECTION 5 | BOOKKEEPING - 31 MODULES
Unit 16 | Testing Your Books Balance
1. Introduction
2. Finding Errors
Unit 17 | Adjusting Entries
1. Introduction
2. Interest Accrual
3. Salaries
4. Depreciation
5. Straight-line Depreciation
6. Declining Balance
7. Videos
8. Exercise
Unit 18 | Preparing Financial Statements
1. Introduction
2. Format
3. Which Statement First?
4. The Statement of Activity
5. The Statement of Shareholders’ Equity
6. The Statement of Financial Position
7. The Statement of Cash Flows
8. Appendix – The Statement of Cash Flows – Direct Method
Unit 19 | Analyzing Profitability
1. Introduction
2. Calculating Margins
3. Other Ratios
4. Exercise
Unit 20 | Liquidity and Solvency Ratios
1. Introduction
2. Liquidity Ratio
3. Solvency Ratio
4. Exercise
Unit 21 | The Importance of Internal Controls
1. Executive Summary
2. Protecting Your Cash
3. Paper (or Electronic) Trails
4. Protecting Against Fraud
5. Employee Bonding
+ SECTION 6 | TAXES AND REPORTING - 20 MODULES
Unit 22 | Business Taxes
1. Executive Summary
2. Employee Tax
3. Sales and Excise Taxes
4. Corporate Taxes
Unit 23 | Year-end Government Reporting
1. Executive Summary
2. Payroll Reports for Employees
3. Year-end Payroll Summaries
4. Tax Reports
Unit 24 | Closing the Books
1. Introduction
2. Why Do We Need a Closing Entry
3. Relationship of the Closing Entry to the Financial Statements
Unit 25 | Restarting the Accounting Cycle
1. Introduction
2. The Process of Restarting
Unit 26 | How to Value a Company
1. Introduction
2. The Models
3. Discounted Cash Flows
4. Replacement Cost
5. Comparables
6. Times Gross Revenue and Times Net Income
7. Other Considerations
+ Business Edition Syllabus
+ SECTION 1 | FOUNDATION - 12 MODULES
Unit 1 | What Accounting Can Do for Your Business
1. Introduction for Small Businesses
Unit 2 | Key Decisions
1. What Kind of an Organization Is Your Business?
2. Cash Versus Accrual Accounting
3. Key Numbers
4. Key Players
5. Exercise
Unit 3 | Language of Accounting
1. Debits Versus Credits
2. Balance Sheet
3. Profit and Loss Statement
4. Cash Versus Profit
5. Glossary
6. Exercise
+ SECTION 2 | ORGANIZATION - 14 MODULES
Unit 4 | Organizing Your Accounts
1. Level of Detail
2. Exercise
Unit 5 | The Accounting Cycle
1. Transactions
2. Journal Entries
3. Posting to the General Ledger
4. Trial Balance
5. Adjusting Journal Entries
6. Financial Statements
7. Closing the Books
Unit 6 | Computerized Accounting
1. Benefits and Drawbacks
2. Computerized Solutions
3. Exercise
Unit 7 | Computerized Accounting Behind the Scenes
1. General Ledger
2. Journals
+ SECTION 3 | INVENTORY AND SALES - 13 MODULES
Unit 8 | Managing Inventory
1. Selecting a System and a Method
Unit 9 | Tracking Sales
1. Cash Sales
2. Credit Sales
3. Prepaid Sales
4. Cash Controls
5. Allowance for Doubtful Accounts
6. Percentage Sales Method
7. Aging Method
8. Collection of an Amount Written Off
9. Video
Unit 10 | Reconciling Cash
1. Bank Accounts
2. Reconciling Cash
3. Video
+ SECTION 4 | EXPENSES - 21 MODULES
Unit 11 | Tracking Expenses
1. What Counts as a Legitimate Business Expense
2. Buying and Monitoring Supplies
3. Paying Bills
4. Petty Cash
5. Video
Unit 12 | Payroll
1. Who Gets Paid and How
2. Benefits
3. Government Reports
4. Outsource Payroll and Benefits
5. Exercise
Unit 13 | Buying and Selling Long-term Assets
1. Buying and Selling Assets
2. Fixed Assets – Acquisition
3. Fixed Assets – Disposition
4. Changes in Estimates
5. Intangible Assets
Unit 14 | Liabilities
1. Long-term Liabilities
Unit 15 | Shareholders’ Equity
1. Common Shares
2. Preferred Shares
3. Treasury Stock
4. Dividends
5. Disclosure
+ SECTION 5 | BOOKKEEPING - 34 MODULES
Unit 16 | Testing Your Books Balance
1. Trial Balance
2. Errors
3. Video
Unit 17 | Adjusting Entries
1. Adjusting Entries
2. Interest Accrual
3. Salaries
4. Depreciation
5. Straight-line Depreciation
6. Declining Balance
7. Sum of Years’ Digits
8. Unit of Production
9. Prepaid Expenses
10. Unearned Revenue
11. Exercise
Unit 18 | Preparing Financial Statements
1. Introduction
2. Format
3. Which Statement First?
4. The Income Statement
5. The Statement of Shareholders’ Equity
6. The Balance Sheet
7. The Statement of Cash Flows
8. Appendix – The Statement of Cash Flows – Direct Method
9. Video
Unit 19 | Analyzing Profitability
1. Calculating Margins
2. Calculating Returns
3. Exercise
Unit 20 | Testing Liquidity
1. Why Liquidity Is Important
2. Key Ratios
3. Exercise
4. Exercise
Unit 21 | The Importance of Internal Controls
1. Protecting Your Cash
2. Paper (or Electronic) Trails
3. Protecting Against Fraud
4. Employee Bonding
+ SECTION 6 | TAXES AND REPORTING - 17 MODULES
Unit 22 | Business Taxes
1. Employee Taxes
2. Sales and Excise Taxes
3. Corporate Taxes
4. Exercise
Unit 23 | Year-end Government Reporting
1. Payroll Reports for Employees
2. Year-end Payroll Summaries
3. Tax Reports
4. Tax Reports
Unit 24 | Closing the Books
1. Why Do We Need a Closing Entry
2. Relationship of the Closing Entry to the Financial Statements
Unit 25 | Restarting the Accounting Cycle
1. The Process of Restarting
Unit 26 | How to Value a Company
1. The Models
2. Discounted Cash Flows
3. Replacement Cost
4. Comparables
5. Times Gross Revenue and Times Net Income
6. Other Considerations
About the author
Lita Epstein MBA has an outstanding reputation for explaining essential management accounting concepts. A best-selling author, she penned Bookkeeping Kit for Dummies, Complete Idiot’s Guide to Accounting, Reading Financial Reports for Dummies, The Business Owner’s Guide to Reading and Understanding Financial Statements and many more. She also raised funds as Associate Director of Development for former President Jimmy Carter.
If you are not 100% happy with your EwB course, you have 30 days to exchange or refund.
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Understand the numbers in your business. Learn the basics of accounting and bookkeeping in language that is easy to understand.
In this course you will learn:
- What accounting can do for your business
- To manage your accounts, track sales and reconcile your payments
- The basics of Payroll
- Buying and selling long-term assets
- To analyse profitability
- To test liquidity
- To prepare financial statements
+ Student Edition Syllabus
+ SECTION 1 | FOUNDATION - 19 MODULES
Unit 1 | What Accounting Can Do for Your Business
1. Introduction
2. What Is Accounting
3. Accounting Types
4. What Can You Expect To Learn?
5. Video
Unit 2 | Key Decisions
1. Introduction
2. Choosing the Entity Structure
3. Sole Proprietorship
4. Partnership
5. Limited Liability Company
6. Corporations
7. Nonprofit Organizations
8. Cash Versus Accrual Accounting
Unit 3 | Language of Accounting
1. Introduction
2. Debits Versus Credits
3. Statement of Position (Also Known as the Balance Sheet)
4. Statement of Activities (Also Known as the Income Statement or Profit and Loss Statement)
5. Glossary
6. Exercise
+ SECTION 2 | ORGANIZATION - 17 MODULES
Unit 4 | Chart of Accounts
1. Introduction
2. Level of Detail
3. Account Numbers (or Not)
4. Headings
5. Exercise
Unit 5 | The Accounting Cycle
1. Introduction
2. Entries
3. Posting
4. Trial Balance
5. Adjusting Entries
6. Financial Statements
7. Closing Entry
Unit 6 | Computerized Accounting
1. Introduction
2. Entry-level Accounting Software
Unit 7 | Computerized Accounting Behind the Scenes
1. Executive Summary
2. General Ledger
3. Journals
+ SECTION 3 | INVENTORY AND SALES - 32 MODULES
Unit 8 | Managing Inventory
1. Introduction
2. Selecting a System and a Method
3. Manufacturer Versus Retailer
4. Manufacturers’ Inventory Categories
5. Systems
6. Inventory Methods
7. FIFO – Periodic
8. LIFO – Periodic
9. Weighted Average – Periodic
10. FIFO – Perpetual
11. LIFO – Perpetual
12. Weighted Average – Perpetual
13. Lower of Cost or Market
14. Videos
15. Exercise
Unit 9 | Tracking Sales
1. Introduction
2. The Basics – Cash Sales
3. The Basics – Credit Sales
4. The Gross Method
5. The Net Method
6. Allowance for Doubtful Accounts
7. Percentage Sales Method
8. Aging Method
9. Collection of an Amount Written-Off
Unit 10 | Reconciling Cash
1. Introduction
2. Bank Accounts
3. Bank Reconciliation
4. Book to Bank Reconciliation
5. Bank to Book Reconciliation
6. Book to Adjusted Cash and Bank to Adjusted Cash
+ SECTION 4 | EXPENSES - 30 MODULES
Unit 11 | Tracking Expenses
1. Executive Summary
2. What Counts as a Legitimate Business Expense?
3. Buying and Monitoring Supplies
4. Paying Bills
5. Petty Cash
Unit 12 | Payroll
1. Introduction
2. Employee vs Independent Contractor
3. Recording Payroll for Employees
Unit 13 | Buying and Selling Long-term Assets
1. Introduction
2. Fixed Assets – Acquisition
3. Fixed Assets – Disposition
4. Changes in Estimates
5. Intangible Assets
6. Copyrights
7. Trade Names
8. Trademarks
9. Franchises
10. Research and Development
11. Goodwill
12. Patents
13. Videos
Unit 14 | Liabilities
1. Introduction
2. Current Liabilities
3. Non Current Liabilities
Unit 15 | Shareholders’ Equity
1. Introduction
2. Common Shares
3. Preferred Shares
4. Treasury Stock
5. Dividends
6. Disclosure
+ SECTION 5 | BOOKKEEPING - 31 MODULES
Unit 16 | Testing Your Books Balance
1. Introduction
2. Finding Errors
Unit 17 | Adjusting Entries
1. Introduction
2. Interest Accrual
3. Salaries
4. Depreciation
5. Straight-line Depreciation
6. Declining Balance
7. Videos
8. Exercise
Unit 18 | Preparing Financial Statements
1. Introduction
2. Format
3. Which Statement First?
4. The Statement of Activity
5. The Statement of Shareholders’ Equity
6. The Statement of Financial Position
7. The Statement of Cash Flows
8. Appendix – The Statement of Cash Flows – Direct Method
Unit 19 | Analyzing Profitability
1. Introduction
2. Calculating Margins
3. Other Ratios
4. Exercise
Unit 20 | Liquidity and Solvency Ratios
1. Introduction
2. Liquidity Ratio
3. Solvency Ratio
4. Exercise
Unit 21 | The Importance of Internal Controls
1. Executive Summary
2. Protecting Your Cash
3. Paper (or Electronic) Trails
4. Protecting Against Fraud
5. Employee Bonding
+ SECTION 6 | TAXES AND REPORTING - 20 MODULES
Unit 22 | Business Taxes
1. Executive Summary
2. Employee Tax
3. Sales and Excise Taxes
4. Corporate Taxes
Unit 23 | Year-end Government Reporting
1. Executive Summary
2. Payroll Reports for Employees
3. Year-end Payroll Summaries
4. Tax Reports
Unit 24 | Closing the Books
1. Introduction
2. Why Do We Need a Closing Entry
3. Relationship of the Closing Entry to the Financial Statements
Unit 25 | Restarting the Accounting Cycle
1. Introduction
2. The Process of Restarting
Unit 26 | How to Value a Company
1. Introduction
2. The Models
3. Discounted Cash Flows
4. Replacement Cost
5. Comparables
6. Times Gross Revenue and Times Net Income
7. Other Considerations
+ Business Edition Syllabus
+ SECTION 1 | FOUNDATION - 12 MODULES
Unit 1 | What Accounting Can Do for Your Business
1. Introduction for Small Businesses
Unit 2 | Key Decisions
1. What Kind of an Organization Is Your Business?
2. Cash Versus Accrual Accounting
3. Key Numbers
4. Key Players
5. Exercise
Unit 3 | Language of Accounting
1. Debits Versus Credits
2. Balance Sheet
3. Profit and Loss Statement
4. Cash Versus Profit
5. Glossary
6. Exercise
+ SECTION 2 | ORGANIZATION - 14 MODULES
Unit 4 | Organizing Your Accounts
1. Level of Detail
2. Exercise
Unit 5 | The Accounting Cycle
1. Transactions
2. Journal Entries
3. Posting to the General Ledger
4. Trial Balance
5. Adjusting Journal Entries
6. Financial Statements
7. Closing the Books
Unit 6 | Computerized Accounting
1. Benefits and Drawbacks
2. Computerized Solutions
3. Exercise
Unit 7 | Computerized Accounting Behind the Scenes
1. General Ledger
2. Journals
+ SECTION 3 | INVENTORY AND SALES - 13 MODULES
Unit 8 | Managing Inventory
1. Selecting a System and a Method
Unit 9 | Tracking Sales
1. Cash Sales
2. Credit Sales
3. Prepaid Sales
4. Cash Controls
5. Allowance for Doubtful Accounts
6. Percentage Sales Method
7. Aging Method
8. Collection of an Amount Written Off
9. Video
Unit 10 | Reconciling Cash
1. Bank Accounts
2. Reconciling Cash
3. Video
+ SECTION 4 | EXPENSES - 21 MODULES
Unit 11 | Tracking Expenses
1. What Counts as a Legitimate Business Expense
2. Buying and Monitoring Supplies
3. Paying Bills
4. Petty Cash
5. Video
Unit 12 | Payroll
1. Who Gets Paid and How
2. Benefits
3. Government Reports
4. Outsource Payroll and Benefits
5. Exercise
Unit 13 | Buying and Selling Long-term Assets
1. Buying and Selling Assets
2. Fixed Assets – Acquisition
3. Fixed Assets – Disposition
4. Changes in Estimates
5. Intangible Assets
Unit 14 | Liabilities
1. Long-term Liabilities
Unit 15 | Shareholders’ Equity
1. Common Shares
2. Preferred Shares
3. Treasury Stock
4. Dividends
5. Disclosure
+ SECTION 5 | BOOKKEEPING - 34 MODULES
Unit 16 | Testing Your Books Balance
1. Trial Balance
2. Errors
3. Video
Unit 17 | Adjusting Entries
1. Adjusting Entries
2. Interest Accrual
3. Salaries
4. Depreciation
5. Straight-line Depreciation
6. Declining Balance
7. Sum of Years’ Digits
8. Unit of Production
9. Prepaid Expenses
10. Unearned Revenue
11. Exercise
Unit 18 | Preparing Financial Statements
1. Introduction
2. Format
3. Which Statement First?
4. The Income Statement
5. The Statement of Shareholders’ Equity
6. The Balance Sheet
7. The Statement of Cash Flows
8. Appendix – The Statement of Cash Flows – Direct Method
9. Video
Unit 19 | Analyzing Profitability
1. Calculating Margins
2. Calculating Returns
3. Exercise
Unit 20 | Testing Liquidity
1. Why Liquidity Is Important
2. Key Ratios
3. Exercise
4. Exercise
Unit 21 | The Importance of Internal Controls
1. Protecting Your Cash
2. Paper (or Electronic) Trails
3. Protecting Against Fraud
4. Employee Bonding
+ SECTION 6 | TAXES AND REPORTING - 17 MODULES
Unit 22 | Business Taxes
1. Employee Taxes
2. Sales and Excise Taxes
3. Corporate Taxes
4. Exercise
Unit 23 | Year-end Government Reporting
1. Payroll Reports for Employees
2. Year-end Payroll Summaries
3. Tax Reports
4. Tax Reports
Unit 24 | Closing the Books
1. Why Do We Need a Closing Entry
2. Relationship of the Closing Entry to the Financial Statements
Unit 25 | Restarting the Accounting Cycle
1. The Process of Restarting
Unit 26 | How to Value a Company
1. The Models
2. Discounted Cash Flows
3. Replacement Cost
4. Comparables
5. Times Gross Revenue and Times Net Income
6. Other Considerations
About the author
Lita Epstein MBA has an outstanding reputation for explaining essential management accounting concepts. A best-selling author, she penned Bookkeeping Kit for Dummies, Complete Idiot’s Guide to Accounting, Reading Financial Reports for Dummies, The Business Owner’s Guide to Reading and Understanding Financial Statements and many more. She also raised funds as Associate Director of Development for former President Jimmy Carter.
If you are not 100% happy with your EwB course, you have 30 days to exchange or refund.
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