Accounting Fundamentals
In this comprehensive course, you will learn the basics of double-entry bookkeeping, as well as how to analyze and record financial transactions. You will get hands-on experience with handling accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities.
Accounting Fundamentals covers all the bases, from writing checks to preparing an income statement and closing out accounts at the end of each fiscal period. 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, this course will give you a solid foundation in financial matters.
Registration and Enrollment
This course can be completed 100% online. Open enrollment means that you can start anytime.
Curriculum
- Lesson 1 – Accounting Classifications, Account Titles, T Accounts, and the Accounting Equation
- Lesson 2 – General Ledger Accounts and the Balance Sheet
- Lesson 3 – Journalizing Transactions and posting to the General Ledger
- Lesson 4 – Journalizing and Posting Cash and Charge Purchases and Payments on Account
- Lesson 5 – Journalizing and Posting Cash and Charge Sales and Cash Received on Account
- Lesson 6 – Payroll and Various Deductions
- Lesson 7 – Banking Services and Reports
- Lesson 8 – Posting Journal Totals to the General Ledger and Schedule of Accounts Payable and Schedule of Accounts Receivable
- Lesson 9 – End-of-Year Worksheet
- Lesson 10 – End-of-Year Financial Reports
- Lesson 11 – Journalizing and Posting Adjusting Entries
- Lesson 12 – Journalizing and Posting Closing Entries and Preparing a Post Closing Trial Balance
Prerequisites
There are no prerequisites to take this course.
Requirements
Hardware Requirements:
- This course can be taken on either a PC, Mac, or Chromebook
Software Requirements:
- PC: Windows 8 or later
- Mac: macOS 10.6 or later
- Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible
- Adobe 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
Instructor
Nancy Koenig
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.