Thank you for the well-organized, self-paced learning environment. I've taken many online courses, including my education masters, and this is the best class and learning experience. I'm trying to decide between Accounting Fundamentals II or QuickBooks. I'm leaving education and did accounting 30 years ago and am looking for future employment. Thanks again, Charlene."
I really enjoyed this class as well. Thank you for your encouragement, instruction and advice throughout the six weeks. I will also be taking the Accounting Fundamentals II course in August. I completed the final exam and received 100%. I am elated."
Thank you for a well-designed course. At times it was a challenge, but you set up an incredible learning experience. I loved the practice entries you had at the beginning of a number of the lessons. They added to the learning experience. This was a great course. Thank you very much!! And yes, final done and passed at 100%."
Although I have taken Accounting I and II in person, your presentation of the material made it much easier to understand. I am currently enrolled in your Accounting Fundamentals II course and look forward to it, as well. Thank you very much for a great learning experience."
Thank you very much! This was such a great class. I've taken this at a college before and did not walk away with nearly as much knowledge as what I have with this class. It all makes sense now, and it simply didn't before. So thank you again so very much!"
Just this morning I took a test required by a local accounting recruiting agency, to determine competency for a future bookkeeping position. I scored 97% correct (no use of notes or materials allowed), and the recruiter noted that the national average is 83%. He was very impressed on all that was learned and had high, high praise for the instructor and the course - as do I!"
I have been bookkeeping for the past 14 months, part-time for a small business. I was very frustrated because the accountant there stopped working and the training has been very minimal and not adequate. I felt like I was required to do the accounting and I was only hired as an entry level bookkeeper...The owner was asking for quarterly reports and I was in way over my head. It was so stressful! I had no double-entry accounting experience and was very confused about credits and debits and the types of accounts were a mystery to me. This course has my stress level way, way down. I feel so much better about my job and I am not stressed out to the max every day. I have some confidence now. I don't feel so helpless or dependent on the CPA who is mostly not available."
I have been somewhat casually trying to understand accounting fundamentals off and on since, literally, the mid 80's when I lived in Chicago and the PBS television station there offered it as a weekly class. Never could get past the initial debit/credit presentations without my head exploding...now I get it! Everything after that in this course was, with some effort, smooth sailing. Thank you for your offering."
This is one of the best online courses I have taken. Most concise information explained in easily understandable terms. I am truly thankful to Ms. Charlene Messier for the efforts which she has taken to make such a complex and theoretical subject, so easy to comprehend for a novice like me."
Accounting is a world of its own and often difficult to enter. This teacher shows she has experience with beginners and is good at explaining the difficult and most essential concept of debits and credits. I appreciated her style because accounting is not easy for me and she makes it understandable! The lessons have explanations and practice, so we learn what to do. I like the no pressure lesson exams. This was a great accounting course. The content was great!"
Course Code: fun
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.
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.
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.
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.
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.
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.
With 12 years experience in business and 27 years teaching experience, Charlene Messier has taught business subjects 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.
There are no prerequisites to take this course.
Instructional material requirements:
A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!
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.
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.
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.
The Accounting Fundamentals course will give you the basic accounting knowledge you need to effectively manage your personal finances or even do some bookkeeping for your company. You’ll understand how to keep accurate financial records and use software like QuickBooks to record transactions, produce reports, and check financial information for accuracy. You will also know how to handle expenses, receipts, payables, and accounts receivable.
Not exactly. There are five major parts to the accounting process and they include: recording, interpreting, classifying, analyzing, and reporting financial information. Bookkeeping is the first, foundational part of the accounting process — recording financial transactions.
Making a big investment, like buying a car, can be overwhelming for most of us. Basic knowledge of accounting fundamentals can help you understand how the business works and help you negotiate better deals with confidence. With this knowledge you’ll understand inventory, profit margin, receivables, and how to negotiate a better deal—you may even gain the respect of the salesperson by speaking a language they understand.
Yes. Understanding the financial statements of a company, something you’ll learn in detail during this accounting fundamentals course, will help you understand the best companies to invest in. This can help you with your retirement savings as you choose individuals stocks and portfolios where you will invest your hard earned money.
Absolutely! It’s always good when you can explain where you money goes, how much you’ll receive on your paycheck, and why it is never as high as you think—accounting knowledge can help you achieve this. You’ll gain a deeper understanding what goes into your finances and learn how to track expenses and operate within a budget.
Yes. Accounting knowledge may help you impress your boss with understanding of financial statements and impacts to the company bottom line. It can also help you understand current events as there is no shortage of people who manipulate numbers to get what they want. Now, instead of relying on the bias of media outlets, you’ll understand the impact of what was done wrong and how it affected those involved.