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Course Description

Num­bers! Num­bers! Num­bers! Wher­ever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Num­bers con­nect us all to each other in many more ways than we might imag­ine. Essen­tially, our world revolves around numbers.

Some of us enjoy deal­ing with num­bers while oth­ers may have a fear of them, or even a pho­bia. For those of you who have already rec­og­nized and appre­ci­ate the impact that num­bers actu­ally have on just about every­thing, you deserve a cookie. Wel­come to Book­keep­ing Basics!

Learning Outcomes

By the end of this course, you will be able to:
  • Under­stand basic account­ing terminology.
  • Iden­tify the dif­fer­ences between the cash and accrual account­ing methods.
  • Keep track of your busi­ness by becom­ing famil­iar with accounts payable and accounts receivable.
  • Use a jour­nal and gen­eral ledger to doc­u­ment busi­ness financials.
  • Uti­lize the bal­ance sheet.
  • Iden­tify dif­fer­ent types of finan­cial statements.
  • Uncover the rea­sons for and actu­ally cre­ate a budget.
  • Be famil­iar with inter­nal and exter­nal auditing.

Course Features

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MODULES
Module One: Introduction
Module Two: Basic Terminology (I)
Module Three: Basic Terminology (II)
Module Four: Accounting Methods
Module Five: Keeping Track of Your Business
Module Six: Understanding the Balance Sheet
Module Seven: Other Financial Statements
Module Eight: Payroll Accounting / Terminology
Module Nine: End of Period Procedures
Module Ten: Financial Planning, Budgeting and Control
Module Eleven: Auditing
Module Twelve: Wrapping Up

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