Accounting Fundamentals Series
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, the courses in this bundle will give you a solid foundation in financial matters. If you're interested in increasing your financial awareness while also gaining a marketable skill, this series of courses is perfect for you.
University of the District of Columbia
In this course, you'll learn the basics of double-entry bookkeeping, as well as how to analyze and record financial transactions. You'll get hands-on experience with handling accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities. 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.
Accounting Fundamentals II
This course will build on the knowledge you gained in Accounting Fundamentals, to provide you with a solid understanding of corporate accounting practices. 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.
Please complete the courses in the series two months apart to avoid overlapping. Series bundles are not eligible for partial drops or refunds. Transfers to other open sessions of the same class are available. Please refer to your school for additional details regarding drops, transfers, and refunds on Series bundles.
How the course is taught
- Instructor-led online course
- 48 course hours
- Account Classifications, Account Titles, T Accounts, and the Accounting Equation
- General Ledger Accounts and the Balance Sheet
- Journalizing Transactions and Posting to the General Ledger
- Journalizing and Posting Cash and Charge Purchases and Payments on Account
- Journalizing and Posting Cash and Charge Sales and Cash Received on Account
- Payroll and Various Deductions
- Banking Services and Reports
- Posting Journal Totals to the General Ledger and Schedule of Accounts Payable and Schedule of Accounts Receivable
- End-Of-Year Worksheet
- End-Of-Year Financial Reports
- Journalizing and Posting Adjusting Entries
- Journalizing and Posting Closing Entries and Preparing a Post Closing Trial Balance
- Accounts Payable
- Accounts Receivable
- Uncollectible Accounts Receivable
- Plant Assets and Depreciation
- Notes Payable and Notes Receivable
- Accrued Income and Accrued Expenses
- Dividends and Starting the Year-End Worksheet
- Complete Year-End Worksheet With Adjustments
- End-Of-Fiscal-Period Financial Reports
- Adjusting and Closing Entries and Post Closing Trial Balance
- Preparing a Payroll
- Preparing Federal Tax Deposits and Year-End Tax Reports
Nancy Koenig is an experienced industry professional with over 40 years in the workforce, including decades in finance. Nancy has worked in various finance roles in banking, insurance, and a hospital billing office. For the last 27 years of her career, she was an administrative assistant at a technical school, which involved running and overseeing the entire budget, amongst other duties. Nancy has also held part-time jobs as a bookkeeper for an auto parts store and a cable company, where she used QuickBooks computerized software. Over the past several years, she has also co-taught the Accounting Fundamentals and Accounting Fundamentals II courses with Charlene Messier.
Instructor Interaction: The instructor looks forward to interacting with learners in the online moderated discussion area to share their expertise and answer any questions you may have on the course content.
There are no prerequisites to begin this series. Accounting Fundamentals I should be completed before starting Accounting Fundamentals II.
- This course can be taken on either a PC, Mac, or Chromebook.
- PC: Windows 8 or later.
- Mac: macOS 10.6 or later.
- Browser: The latest version of Google Chrome or Mozilla Firefox is preferred. Microsoft Edge and Safari are also compatible.
- Adobe Acrobat Reader.
- Software must be installed and fully operational before the course begins.
- Email capabilities and access to a personal email account.
- A calculator and a printer.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment and will be available online.