This course focuses on GAAP and the methods used to gather, analyze, and manage financial accounting. You will become knowledgeable with skills to proficiently perform the functions of a bookkeeper/accountant. You will learn the fundamentals of accounting, the use of Excel spreadsheets and utilization of QuickBooks. You will be able to create an accounting system, analyze monetary transactions, properly journalize and post this information to the general ledger. You will also be able to knowledgeably transfer all monetary transactional information to the QuickBooks system information to make data readily available.
You will be immersed in real-world simulations by exploring types of businesses ranging from sole proprietorship to Single Corporation. You will create an initial accounting system and then evolve and expand that system to meet the growing needs of your business.
Course includes skills listed below and much more:
- Nature/types of businesses Accounting & bookkeeping terms/definitions
- Business transitions Accounting rules (GAAP). General ledger fundamentals Inventory/cost Methods
- Lower of Cost or Market Future Value of Money Adjusting Entries
- Correcting Entries
- Closing Entries
- Financial Statements
- Ratio of Liabilities to Owners’ Equity Green Budgeting/Practices in Accounting
- Adjusting Entries
- Accruals and Deferrals
- Accounting Project