Accounting Fundamentals II

Accounting Fundamentals II

Explore the world of corporate accounting and increase your financial know-how while gaining in-demand skills. This course will provide you with a solid understanding of recording and analyzing plant assets, depreciation, interest, dividends, revenue and other important corporate money matters.
6 weeks / 24 Course Hrs
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  • Details
  • Syllabus
  • Requirements
  • Instructor
  • Reviews

Details

While it is true that accounting professionals are scarce, those with corporate accounting experience are even scarcer. This course will provide you with a solid understanding of corporate accounting practices.

In Accounting Fundamentals II, you will 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.

Enrollment Options:
Instructor-Led
6 weeks Access Course Code: af2
Start Dates*Dec 11 | Jan 15 | Feb 12 | Mar 18
*Choose start date in cart
$109.00
Self-Paced
3 Months Access Course Code: T9266
No Instructor, Start Anytime
$109.00

Syllabus

In this lesson, you will learn all about accounts payable. You will be journalizing and posting your company's purchases and preparing a Schedule of Accounts Payable. This lesson will give you the tools you need to successfully track those accounts.

In this lesson you will take a close look at accounts receivable. After completing this lesson, you will know how to enter charge sales into your Sales Journal and then post them to your General Ledger. You will have also learned how to journalize payments on account received from your charge customers.

In this lesson you will learn about uncollectible accounts receivable. While many believe customers will always pay what they owe, that is not always the case. You will learn how to account for long overdue receivables that probably won't ever be paid.

In this lesson, you will learn about plant assets and depreciation. Just like your car, business assets depreciate over time, so you will need to know how to account for that expense in your records. And you will need to record these assets and calculate their depreciation in a timely manner.

This lesson is all about notes payable and notes receivable. You will learn all you need to know about accounting for these situations as you learn how to record the issuance and payment of these notes payables and notes receivables.

In this lesson, you will learn how to deal with accrued income and accrued expenses. Accrued income is money that the company earns in one fiscal period but doesn't receive until after another fiscal period begins.

In this lesson, you will be dealing with dividends, which is money paid to the company's stockholders on their investment. You will learn how the business accounts for the dividends it pays to its stockholders. You will also look at retained earnings, or the amount of profit the corporation retains for future use.

In this lesson you will determine if your business has a net income or a net loss by completing the worksheet started in the previous lesson. And because many General Ledger accounts change throughout the fiscal period—you will need to bring these accounts up to date.

It's time to begin wrapping up your books for the end of the fiscal period. In this lesson, you will learn how to compile most of the various financial reports a corporation needs to complete at the end of the fiscal period.

In this lesson, you will get the books all caught up and ready for the next fiscal period. You will go back and journalize those adjusting entries you entered into your worksheet, then you will enter closing entries into your journal.

This lesson covers every employee's favorite subject: Payroll. You will 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 will be able to check the accuracy of your own paycheck.

The final lesson focuses on 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. You will fill out the federal Form 941, then learn how to make federal income tax deposits.

Requirements

Requirements:

Hardware Requirements:

  • This course can be taken on either a PC or Mac.

Software Requirements:

  • PC: Windows XP or later.
  • Mac: OS X Snow Leopard 10.6 or later.
  • Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
  • Adobe Flash Player. Click here to download the Flash Player.
  • Adobe Acrobat Reader. Click here to download the Acrobat Reader.
  • Software must be installed and fully operational before the course begins.

Other:

  • Email capabilities and access to a personal email account.
  • A calculator and a printer.

Prerequisites:

Completion of Accounting Fundamentals (or equivalent experience)

Instructional Material Requirements:

The instructional materials required for this course are included in enrollment and will be available online.

Instructor

Charlene Messier has more than 25 years of teaching experience. Throughout the course of her career, she has taught various business subjects to thousands of students. Now retired from her full-time teaching duties, Messier continues to teach courses online, specializing in accounting, word processing, business law, business economics, and finance.

Reviews

Accounting Fundamentals I & II were very informative classes for me. The instructor was great as well. She helped me understand accounting concepts that a 1000-paged textbook could not make clear for me. I would definitely recommend this class to anyone who is beginning the study of accounting.

I had just finished Accounting Fundamentals I when I started Accounting Fundamentals II, and I thought this class was the perfect next step. It built on the first class but didn't jump too far ahead, so I always felt comfortable with the new lessons even though it was all still new to me. I think the instructor has a very good lesson plan here and I would certainly take any other courses she offers.

I just want to thank y'all for six great weeks. I am a new American just here a few months from Canada and have learned so much about the USA accounting system. This course was great, as was part one. You are a wonderful instructor Charlene and I must say I am enjoying learning online. I hope I see a few classmates in other online courses.

I took a college Accounting course in 1983, and I took it again in 1999. I got nothing out of either of those courses. But now that I have taken your two courses, I can honestly say a light bulb has just come on......I understand the concept now. Thank you for making this seem easy. My husband owns a small business and I have tried to learn how to do the books, but have struggled. I have taken Quickbooks I and II. I should have enrolled in your courses first. I have downloaded every course I have enrolled in, now I can go back and refresh my knowledge.

Thank you for your help with accounting. I have taken both of your courses and I enjoyed then both very much. I will definitely use what I have learned from you not only for work but througout my lifetime. Thank you.

This course and part one has taught me more info then I think I learned in a two semester course at college. Charlene Messier is a great teacher. I will be taking other online courses because the educational experience was enjoyable.

I wish there were more levels of this course, but I am planning on starting my bachelor's degree in accounting at Columbus State University this summer. Thank you, Ms. Messier, for building upon the knowledge of Accounting Fundamentals. I felt more experienced with this course because it picks up where Accouting Fundamentals left off. I am going to use Accounting Fundamentals and Accounting Fundamentals II as a stepping to improve my career and my education. Before I took these courses I did not have any experience with accoutning. Two courses later and with my job, I am much more experienced.

Just completed the course and I must say that it was very informative and once again excellently done. As a business owner and the CFO of said business, taking Accounting Fundamentals and Accounting Fundamentals II has helped me run my business more efficently. Thanks to Ms. Messier's well put together online instructional methods and course materials I now have better understanding of the financial aspects of the business and I do not have to rely on our accountants as much.

I just took Accounting Fundamentals and found the lessons to be very easy to follow. It can be difficult teaching complicated topics that require a lot of forms, such as accounting, let alone in this type of format, but you somehow made it very easy! I have taken classes before that were made much more complicated than they needed to be, as a student this is very frustrating. I appreciate you taking the time to teach these classes and making the concepts easy to understand. You are a wonderful teacher. Looking forward to digging deeper into accounting.

I took Ms. Messier's first course and learned a lot as well as thoroughly enjoyed the format. My success on this pretest is directly related to her instruction, as my pretest for the first course had a very different outcome.