Our "Accounting Basics" course teaches students the information needed to create financial statements, including trial balances, T-accounts, balance sheets, and various other accounts and their respective functions.
Emphasis is placed on the conceptual framework involved in the classification and summarization of financial data. Valuation of assets and liabilities and recognition of revenue and expenses under the accrual basis are emphasized.
How This Course Helps You And Your Organization:By taking this course, you will gain a solid understanding of accounting concepts, as well as acquire essential financial analysis skills that are valuable in both professional and personal contexts.
Chapters include:
- Accounting: The Language of Business
- Analyzing Business Transactions
- Analyzing Business Transactions using T Accounts
- The General Journal and the General Ledger
- Adjustments and the Worksheet
- Closing Entries and the Postclosing Trial Balance
- Accounting for Sales and Accounts Receivable
- Accounting for Purchases and Accounts Payable
- Cash Receipts, Cash Payments, and Banking Procedures
- Payroll Computations, Records, and Payment
- Payroll Taxes, Deposits and Reports
- Accruals, Deferrals, and the Worksheet
- Financial Statements and Closing Procedures
How This Course Helps You and Your Organization:Students acquire essential skills such as financial analysis, critical thinking, problem-solving, and attention to detail, which are valuable in both professional and personal contexts. Employees who complete an accounting course can ensure accurate and timely financial reporting, which is crucial for regulatory compliance and building investor trust. With a solid understanding of accounting concepts, employees can contribute valuable insights to strategic decision-making processes, such as investment analysis and pricing strategies.
Time to Complete:You have the flexibility to complete the course within a timeframe of UP TO 13 weeks, but you're encouraged to work at your own pace and finish sooner if you prefer. Once enrolled, you'll receive your login information and a detailed course outline. The outline breaks down assignments with suggested due dates to help keep you on track. Throughout the course, you'll complete readings, participate in discussion questions, and submit assignments via email. Your learning will be assessed through various evaluations, quizzes and/or exams. Upon completing the course, you will receive a final grade, diploma evaluation, and a course completion badge to showcase your achievement.
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