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Accounting > Accounting Fundamentals
 Demand for accounting professionals currently exceeds supply. If you're interested in increasing your financial awareness and accountability while also gaining a marketable skill, this course is for you. You'll learn the basics of double-entry bookkeeping, while also learning how to analyze and record financial transactions, as well as prepare various financial reports at the end of the fiscal period. Accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities will be discussed. We'll cover all the bases, from writing checks to preparing an income statement and closing out accounts at the end of each fiscal period. Suitable for either a small business or an individual household, this course is sure to increase financial awareness and accountability.
This course includes a knowledgeable and caring instructor who will guide you through your lessons, facilitate discussions, and answer your questions. The instructor for this course will be Charlene Messier.
 With more than 20 years of teaching experience to her credit, Charlene Messier had 12 years of practical experience in business following her college training. She now teaches business subjects to over 100 students a year at the quaint New England Village High School from which she graduated 35 years ago. She specializes in teaching adult education courses in accounting, word processing, business law, and business economics.
To purchase this course, click the Enroll Now button below:
Requirements:
Internet access, e-mail, the Microsoft Internet Explorer or Mozilla Firefox Web browser, and the Adobe Flash and PDF plug-ins (two free and simple downloads you obtain at http://www.adobe.com/downloads by clicking Get Adobe Flash Player and Get Adobe Reader). Acrobat Reader, and access to a calculator or adding machine, and a printer.
Syllabus:
All courses run for six weeks, with a two-week grace period at the end. Two lessons are released each week for the six-week duration of the course. You do not have to be present when the lesson is released, but you must complete each lesson within two weeks of its release.
A new section of each course starts on the second or third Wednesday of each month. If enrolling in a series of two or more courses, please be sure to space the start date for each course at least two months apart.
| Week One |
| Wednesday - Lesson 01 |
Welcome to Accounting Fundamentals! In this first lesson, you'll learn all about account classifications, debits, credits, and T accounts. You'll learn the difference between a liability and an asset, and you'll find out how to determine an owner’s equity.
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| Friday - Lesson 02 |
Here's where you'll begin your hands-on accounting practice: You'll start by creating an imaginary company for which you'll be the accountant. You'll learn how to analyze your company's transactions to determine which amounts go into which accounts, then you'll create your company's own General Ledger forms and post a few transactions into those accounts. You'll also prepare a Balance Sheet to prove your accounting equations.
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| Week Two |
| Wednesday - Lesson 03 |
Now that you have an understanding of the functions of the General Ledger, you're ready to move on to the next phase of recording transactions: the Journal. In this lesson, you'll learn how to enter transactions into an 11-column journal and then post or transfer those amounts into appropriate General Ledger accounts.
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| Friday - Lesson 04 |
In this lesson, you'll learn all about Accounts Payable--money that you owe your vendors and suppliers. You'll practice journalizing cash purchases and purchases on account, and you'll get hands-on practice transferring those purchases to their corresponding Accounts Payable Ledger accounts.
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| Week Three |
| Wednesday - Lesson 05 |
In this lesson, you'll learn about Accounts Receivable, which is another name for money owed to your company by its customers. You'll learn how to journalize and post those sales on account, how to enter charge sales into the journal, and how to transfer the information into an Accounts Receivable Ledger.
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| Friday - Lesson 06 |
It's payday! This lesson will teach you how to determine gross pay, deductions, and net pay. You'll learn how to prepare a payroll, write payroll checks, and how to prepare and maintain accurate payroll records.
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| Week Four |
| Wednesday - Lesson 07 |
In this lesson, you'll learn all about banks and banking services: You'll learn the proper way to write checks, make out deposit tickets, and reconcile your company's checking account with the bank statement--skills you'll find valuable in both your business and personal life!
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| Friday - Lesson 08 |
This lesson will teach you how to prepare a Schedule of Accounts Payable and a Schedule of Accounts Receivable. These reports can be used to compare the amount of money your business owes its creditors with the amount of money your customers owe your business.
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| Week Five |
| Wednesday - Lesson 09 |
In this lesson, you'll prepare a worksheet showing the net income or net loss for the fiscal period. The worksheet will show all income and expenses for the fiscal period as well as the assets, liabilities, and owner’s equity account balances.
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| Friday - Lesson 10 |
In this lesson, you will learn how to prepare various reports that are vital to the well-being of your company. You'll learn how these reports can be used to make sound financial decisions in the next fiscal period. You will discover how to put together an Owner’s Equity Statement, an Income Statement, and a Distribution of Net Income.
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| Week Six |
| Wednesday - Lesson 11 |
In this lesson, you'll prepare for the end of the fiscal period by adjusting your asset account balances to accurately reflect the assets remaining at the end of the year. You will also find out how to journalize and post adjusting and closing entries to bring your company's General Ledger up to date.
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| Friday - Lesson 12 |
In our final lesson, we will prepare a Post Closing Trial Balance report to ensure that all of our debits and credits in the General Ledger balance out in preparation for the new fiscal period.
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To purchase this course, click the Enroll Now button below:
Student Reviews:
"After being a stay at home mom for 11 years and getting back into the workforce, this was a great way to brush up on my skills. Thanks!"
"EMPOWERING is the word to describe this class. I am a small business owner who now understands accounting much better than I had in years. I can actually see the light at the end of the tunnel. I look forward to the next class to not only increase my knowledge, but enhance my business and myself. Thank you so much for offering this class as well as teaching it."
"I am 47 years old and entered the work force immediately after graduating high school. I have never taken any college courses and was a little scared to try. This class was a tremendous boost to me. I was able to follow it with little effort thanks to the examples and easy to follow instructions from Charlene. Thanks."
"I expected the course to be dry and tedious. Instead, I found it to be fun and interesting. The instructor often shared her own enjoyment of the process of accounting, and I began to catch her enthusiasm! I am now excited to begin keeping books for our family's business. I hope to take Level II soon. Thanks for making this available in a format that really works for a busy mom like me!"
"I have really enjoyed this course and am hoping to be able to use this knowledge on my job. I liked Mrs. Messier's approach and found the classes easy to understand and complete."
"I loved this course and have already suggested it to others in may company. The instructor was wonderful. It felt as if she and I were just talking about accounting and I was learning from our conversation. I did not feel like I was in a class at all. I loved it from start to finish. Thanks to my instructor and for offering this course online."
"I used to think that I'm allergic to numbers, but I really enjoyed this course and found excitement dealing with numbers. And it's all thanks to the professional instructor. Thank you so much, Ms. Messier!"
"This class was awesome. Although I have my degree in accounting, I work in an area of accounting where I don't use these skills often. I used this course as a refresher and it was great. I wish all of my undergrad courses were this fun. Thanks again!!!"
To purchase this course, click the Enroll Now button below:
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