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ed2go Business Accounting Accounting Fundamentals II
Return to Accounting
accounting-courses

Accounting Fundamentals II

While it is true that accounting professionals are scarce, those with corporate accounting experience are even more rare. This course will build on the knowledge you gained in Charlene Messier's online Accounting Fundamentals course (or another introductory accounting course) to provide you with a solid understanding of corporate accounting practices. 

In Accounting Fundamentals II, you'll explore such topics as special journals, uncollectible accounts receivable, plant assets, depreciation, notes and interest, accrued revenue and expenses, dividends, retained earnings, and various financial reports for corporations. If you're interested in increasing your financial awareness and accountability while also gaining a marketable skill, this is the course for you.

6 Weeks / 24 Course Hrs
Starting October 18, 2017

Offered in Partnership with your Preferred School

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

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Learning Method

Instructor-led Confirm your Start Date in Cart

Accounting Fundamentals II

Learning Method

Instructor-led Confirm your Start Date in Cart

Accounting Fundamentals II Reviews

Accounting Fundamentals II Details + Objective

Course Code: af2

You Will Learn
  • Learn about accounts payable and receivable
  • Understand how to represent uncollectible accounts in reports
  • Learn about plant assets and timely depreciation of these assets
  • Learn how to deal with accrued income and accrued expenses
  • Understand stock dividends and retained earnings
  • Learn how to prepare year-end financial documents including tax forms
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
  • Become more indispensable to any organization as you develop higher level accounting skills
  • Learn everything you need to know to accurately keep the books for any type of business
  • Become more aware of the accuracy of your own personal pay stubs and tax documents
  • Open the door to more career opportunities in accounting
Accounting Fundamentals II Outline
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Week 1

Learn all about accounts payable by journalizing and posting your company's purchases and preparing a Schedule of Accounts Payable. Then, take a close look at accounts receivable as you enter charge sales into your Sales Journal and then post them to your General Ledger.

Week 2

Learn how to account for long overdue receivables that probably won't ever be paid. While this doesn't happen often, it's a fact of business, so you'll need to know how to account for it in your company's books. Then, look at plant assets and depreciation as you learn to record these assets and calculate their depreciation in a timely manner to keep accurate records for your business.

Week 3

Learn everything you need to know about notes payable and notes receivable and how to record the issuance and payment of these situations. Then, learn how to deal with accrued income and accrued expenses to get a true picture of the net income or net loss of your business.

Week 4

Learn how the business accounts for the dividends it pays to its stockholders and take a look at retained earnings. Then, take a close look at how to make adjusting entries to update our General Ledger accounts for the beginning of the new fiscal period.

Week 5

Understand how to compile most of the various financial reports a corporation needs to complete at the end of the fiscal period. Then, get the books all caught up and ready for the next fiscal period by entering closing entries into your journal and preparing your General Ledger.

Week 6

Learn about various mandatory and voluntary deductions from employees' pay, as well as how to journalize and post an entire payroll. As an added bonus, after this lesson, you'll be able to check the accuracy of your own paycheck. Finally, finish up by preparing a variety of end-of-year tax reports. Here's your chance to go step-by-step through a multitude of IRS forms with instructions that are much easier to understand!

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Accounting Fundamentals II 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 II Requirements / Prerequisites

Completion of Charlene Messier's online Accounting Fundamentals course (or equivalent experience), a calculator or adding machine, and a printer.

Accounting Fundamentals II Frequently Asked Questions
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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.

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