Courses Courses Arts and Design Arts and Design Animation Graphic Arts Photography Web Design Other Business Business Accounting Administrative Communication Finance Marketing and Sales Operations Project Management Small Business Soft Skills Career Online High School Career Online High School Online High School Diploma Computer Applications Computer Applications AutoCAD Microsoft QuickBooks Windows Other Computer Programming Computer Programming Programming Classes Construction and Trades Construction and Trades Construction Environmental and Energy Trades Health and Fitness Health and Fitness Alternative Medicine Dental Fitness Medical Veterinary Wellness Hospitality Hospitality Hospitality Service Information Technology Information Technology Cloud Computing Networking Other Security Language Language Languages Legal Legal Legal Studies Math and Science Math and Science Mathematics and Science Teacher Professional Development Teacher Professional Development Child Development Classroom Technology Math and Science Reading and Writing Other Test Prep Test Prep Exam Prep Writing Writing Writing and Editing How It Works How It Works About ed2go Externship Programs Financial Assistance Find a School Military Virtual Career Center
Courses
Arts and Design
Animation
Graphic Arts
Photography
Web Design
Other
Business
Accounting
Administrative
Communication
Finance
Marketing and Sales
Operations
Project Management
Small Business
Soft Skills
Career Online High School
Online High School Diploma
Computer Applications
AutoCAD
Microsoft
QuickBooks
Windows
Other
Computer Programming
Programming Classes
Construction and Trades
Construction
Environmental and Energy
Trades
Health and Fitness
Alternative Medicine
Dental
Fitness
Medical
Veterinary
Wellness
Hospitality
Hospitality Service
Information Technology
Cloud Computing
Networking
Other
Security
Language
Languages
Legal
Legal Studies
Math and Science
Mathematics and Science
Teacher Professional Development
Child Development
Classroom Technology
Math and Science
Reading and Writing
Other
Test Prep
Exam Prep
Writing
Writing and Editing
How It Works
About ed2go Externship Programs Financial Assistance Find a School Military Virtual Career Center
ed2go Business Accounting Accounting Fundamentals
Return to Accounting
accounting-classes

Accounting Fundamentals

Demand for accounting professionals currently exceeds supply. If you're interested in increasing your financial awareness while also gaining a marketable skill, this course is for you.

Whether you're a sole proprietor looking to manage your business finances or you simply want to gain an understanding of accounting basics for career advancement or for personal use, this course will give you a solid foundation in financial matters.

6 Weeks / 24 Course Hrs
Starting October 18, 2017

Offered in Partnership with your Preferred School

Anne Arundel Community College Why this school? It's been chosen based on your location or if you've visited this school's website.

Change School

Learning Method

Instructor-led Confirm your Start Date in Cart

Accounting Fundamentals

Learning Method

Instructor-led Confirm your Start Date in Cart

Accounting Fundamentals Reviews

Accounting Fundamentals Details + Objective

Course Code: fun

You Will Learn
  • Learn the basics of double-entry bookkeeping, as well as how to analyze and record financial transactions
  • Get hands-on experience with handing accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities
  • Learn about writing checks, preparing an income statement, and closing out accounts at the end of a fiscal period
How the course is taught
  • Instructor-led course
  • 6 weeks in duration
  • Courses begin each month
  • 2 lessons released each week
  • 24 course hours
How you will benefit
  • Learn everything you need to know to better manage your finances
  • Gain a solid understanding of accounting basics to be able to manage business finances or advance your career
  • Open the door to more career opportunities in the in-demand field of accounting and finance
Accounting Fundamentals Outline
Expand All
Week 1

Learn all about account classifications, debits, credits, and T accounts as well as the difference between a liability and an asset, and you'll find out how to determine an owner’s equity. Then, you'll create an imaginary company for which you'll be the accountant, and you’ll learn how to analyze your company's transactions, create a General Ledger form and prepare a Balance Sheet to prove your accounting equations.

Week 2

Learn how to enter transactions into an 11-column journal and then post or transfer those amounts into appropriate General Ledger accounts. Then, learn all about Accounts Payable — money that you owe your vendors and suppliers and get hands-on practice transferring those purchases to their corresponding Accounts Payable Ledger accounts.

Week 3

Here you'll learn about Accounts Receivable, which is another name for money owed to your company by its customers. Then, learn how to determine gross pay, deductions, and net pay as you learn how to prepare a payroll, write payroll checks, and how to prepare and maintain accurate payroll records.

Week 4

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! Then, learn how to prepare a Schedule of Accounts Payable and a Schedule of Accounts Receivable.

Week 5

Prepare a worksheet showing the net income or net loss for the fiscal period which will also show all income and expenses for the fiscal period as well as the assets, liabilities, and owner’s equity account balances. Then, learn how to prepare various reports that are vital to the well-being of your company including an Owner’s Equity Statement, an Income Statement, and a Distribution of Net Income.

Week 6

Discover how to 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. Finally, you’ll 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.

View All Sections
Accounting Fundamentals Instructors
Charlene Messier

With 12 years experience in business and 27 years teaching experience, Charlene Messier has taught business subjects to close to 140 students per year over the course of her career. Now retired from her full-time teaching duties, Charlene continues to teach online courses, and specializes in courses in accounting, word processing, business law, business economics, and finance.

Accounting Fundamentals Requirements / Prerequisites

There are no prerequisites for this course.

 

Acrobat Reader, and access to a calculator or adding machine, and a printer.

Accounting Fundamentals Frequently Asked Questions
Expand All
When can I get started?

A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!

How does it work?

Once a session starts, two lessons will be released each week, for the six-week duration of your course. You will have access to all previously released lessons until the course ends.

How long do I have to complete each lesson?

Keep in mind that the interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.

What if I need an extension?

The Final Exam will be released on the same day as the last lesson. Once the Final Exam has been released, you will have 2 weeks plus 10 days to complete the Final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.

Browse All