Accounting On-Demand: Business Accounting, Bookkeeping & Payroll Course Outline
*** This is an On-Demand (self-study) course, 180-day, 24/7 access via the internet ***
(Applicable State and Local taxes may be added for On-Demand purchases, depending on your location.)
You may take this course at any time; there are no set dates. The course covers an Introduction to Business Accounting, and Bookkeeping and Payroll. Note: The 6-month course access period will begin at time of purchase.
About This Course
This Online On-Demand (self-study) training course includes expert lectures, PowerPoint visuals, and demonstrations. You will be able to follow along and successfully complete the course by completing the quizzes and exams. You do not need to own the software for the course and will be able to access the course from any device, provided you have internet access. When you purchase your On-Demand course from ONLC you will receive a printed book to be used as a supplemental learning resource.
Duration
This course takes 5 days to complete and includes 21h 36m of video presentation.
Course Outline
Introduction to Business Accounting:
Chapter 01 - Professional Bookkeeper Introduction
Professional Bookkeeper Job Functions
Potential Careers
Required Traits
Employment Outlook
Chapter 02 - Introduction to Accounting and Business
Defining a Business
Role of Accounting
Ethics in Accounting
Generally Accepted Accounting Principles (GAAP)
Chapter 03 - The Accounting Equation
Transactions
Common Revenue and Expense Accounts
Financial Statements
Chapter 04 - Analyzing Transactions
Analyzing Transactions
The Accounting Equation and Transactions
Journalizing Transactions
Chapter 05 - Entering Information - Posting Entries
Posting Entries
The Trial Balance
Finding Errors Using Horizontal Analysis
Chapter 06 - Adjusting Process
Adjusting Process
The Purpose of the Adjusting Process
Chapter 07 - Adjusting Entries
Adjusting Entries
Revenues/Expenses
Journal Entry
Posting Accounts
Chapter 08 - Adjustment Summary
Adjusted Summary Review
Financial Statement Accuracy
Chapter 09 - Preparing a Worksheet
Preparing a Worksheet
Chapter 10 - Financial Statements
The Income Statement
The Statement of Retained Earnings
The Balance Sheet
Chapter 11 - Completing the Accounting Cycle
Completing the Accounting Cycle
Temporary vs. Permanent Accounts
Closing Entries
Chapter 12 - The Accounting Cycle Illustrated
Accounting Cycle Illustrated
Chapter 13 - Fiscal Year
Fiscal Year
Additional Accounting Terms
Chapter 14 - Spreadsheet Exercise
Spreadsheet Exercises
Effective Bookkeeping and Payroll:
Chapter 01 - Principles
Principals
Transactions
Chapter 02 - Overview of Internal Controls
Overview of Internal Controls
Principles of Internal Control
Overview of Sarbanes Oxley Sections 302 and 404
Audit Process and Conduct
Chapter 03 - Subsidiary Ledgers and Special Journals
Subsidiary Ledgers
Special Journals
Chapter 04 – Reconciliations
Reconciliations
Purpose
Accounts To Be Reconciled
Ownership and Accountability For Reconciliations
Verifications of Account Balances
Chapter 05 - Correcting Entries
The Wrong Amount
The Wrong Account
Reversing Entries
Chapter 06 - Sales Tax
Calculations
Recording Transactions
Paying Collected Taxes
Rules and Filing
Sales Tax Rates
Audits and Out of State Taxes
Chapter 07 – Budgeting
Yearly Target Setting (Budgeting)
Defining Objectives
Types of Budgets
Bookkeeper Role in Budgeting
Chapter 08 - Accounting for Merchandising
Income Statements
Revenue - Credits
Discounts
Net Sales
Inventory System
Merchandising Income Statement
Chapter 09 - Accounting for Cash
Petty Cash
Accounting for Cash Over or Short
Cash Controls
Bank Reconciliation
Bank Statements
Bank Errors
Cash Book Errors
Chapter 10 – Payroll
The Payroll Process
Gross Pay
Deductions
Taxes
Net Pay
Recording
Employer Expenses
Accruals
Internal Controls
Chapter 11 - Partnerships and Corporations
Partnership Accounting
Corporations
Share Ownership
Preferred Stock
Chapter 12 - Accounts Receivable and Bad Debts
Accounts Receivable
Bad Debt
Accounts Receivable Entries
Chapter 13 - Interim Profit or Loss
Interim Statement
Chapter 14 - Year End - Preparing to Close the Books
Inventory
Adjusting Entries
Year End - The Worksheet
The Spreadsheet
Chapter 15 - Year End - Closing the Books
Closing the Books
Accounting Information
Chapter 16 - Cash Flow
Cash Flow
Revenue and Receivables
Expenses and Payables
Inventory
Capital / Investment
View outline in Word
GABZ16
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