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Course Description:

Develops extensive familiarity with the accounting information system and accounting concepts.


Topics include:

  • The role and basic regulation of the accounting profession

  • Books of accounts & accounting cycle

  • Financial statement preparation and basic analysis

  • Conceptual framework and key principles, assumptions, and constraints of generally accepted accounting principles (US GAAP)

Students will use small-business accounting software (QuickBooks) to learn how source documents and other information are captured by the accounting information system and converted into financial statements and other useful output. The course concludes with a project that simulates real-life accounting work for a small business.

Course Outline:

Session 1: Introduction to accounting.  Getting Started with QuickBooks Online

Session 2: Basic financial information. QuickBooks Online Overview

Session 3: Capturing economic events. Working with Lists

Session 4: Accruals and deferrals. Chart of accounts

Session 5: Reporting financial results. Working with items

Session 6: Merchandising activities. Invoicing customers

Session 7: Financial assets. Receiving payments and monitor customer payment status

Session 8: Inventory and cost of goods sold. Writing checks and recording expenses

Session 9: Plant and intangible assets. Making deposits and reconciling bank accounts

Session 10: Liabilities. Doing Payroll with QuickBooks

Session 11: Stockholder's equity. Reporting

Session 12: Income and changes in Retained Earnings. Customizing forms and saving time

Sessions 13-15: Project. Working through the last month of the year of a small business, closing the month and the year, communications with CPA.

An overall program average of 70% or above is required to graduate and earn your Certificate.

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