BOOKKEEPING FUNDAMENTALS
Students completing the "Introduction to Bookkeeping" course will build a solid foundation in accounting principles and practices. They will learn to prepare and analyze financial statements, understand financial transactions, and use the double-entry accounting system effectively.
Participants will enhance their skills in recording financial transactions, managing inventory, and applying depreciation methods. They will also gain hands-on experience in payroll accounting and learn to perform financial analyses for better business decisions.
By the end of this course, students will have the tools and knowledge to excel in accounting, becoming valuable assets to any organization.
Participants will enhance their skills in recording financial transactions, managing inventory, and applying depreciation methods. They will also gain hands-on experience in payroll accounting and learn to perform financial analyses for better business decisions.
By the end of this course, students will have the tools and knowledge to excel in accounting, becoming valuable assets to any organization.
01 INTRODUCTION TO BOOKKEEPING
● Bookkeeping & Accounting
● Accounting Equation
● Financial Transactions & the Сompany’s Balance Sheet
● Accounting Equation
● Financial Transactions & the Сompany’s Balance Sheet
● Accounting
● Balance Sheet (Assets, Liabilities, and Equity)
● Applying the Accounting Equation to Real-World Transactions
● Balance Sheet (Assets, Liabilities, and Equity)
● Applying the Accounting Equation to Real-World Transactions
02 BASIS OF BOOKKEEPING
● Double Entry: Debit & Credit
● Chart of Accounts
● Types of Accounts
● T-Accounts
● Chart of Accounts
● Types of Accounts
● T-Accounts
● Double Entry Principle in Accounting
● How to Record a Financial Transaction Using Debits and Credits
● Chart of Accounts: Types and Categories of Accounts
● Account Correspondence and Recording Transactions via T-Accounts
● Accounting Entries through T-Accounts and Creating a Balance from Account Balances
● How to Record a Financial Transaction Using Debits and Credits
● Chart of Accounts: Types and Categories of Accounts
● Account Correspondence and Recording Transactions via T-Accounts
● Accounting Entries through T-Accounts and Creating a Balance from Account Balances
03 RECORDING TRANSACTIONS
● Double-Entry Accounting
● Journal Entry
● General Journal
● Trial Balance
● Journal Entry
● General Journal
● Trial Balance
● Journal of Transactions and Types of Journal Entries
● Preparing a Trial Balance from the Journal of Transactions
● Recording Financial Transactions in the Journal of Transactions
● Preparing a Trial Balance from the Journal of Transactions
● Recording Financial Transactions in the Journal of Transactions
04 FINANCIAL STATEMENTS
●Trial Balance
● Balance Sheet
● Income Statement
● Balance Sheet
● Income Statement
● Trial Balance
● Preparing the Balance Sheet and Its Components
● Income Statement
● Creating Financial Statements from the Trial Balance
● Preparing the Balance Sheet and Its Components
● Income Statement
● Creating Financial Statements from the Trial Balance
05 COGS
● Inventory
● FIFO & LIFO
● COGS
● Product Manufacturing
● FIFO & LIFO
● COGS
● Product Manufacturing
● Inventory Accounting and Valuation Methods.
● Classification of Company Expenses
● Calculating Cost of Goods Sold (COGS)
● Calculation of Total and Per-Unit Cost
● Classification of Company Expenses
● Calculating Cost of Goods Sold (COGS)
● Calculation of Total and Per-Unit Cost
06 DEPRECIATION
● Accruals & Deferrals
● Depreciation
● Straight-Line Method & Other Depreciation Methods
● Depreciation
● Straight-Line Method & Other Depreciation Methods
● Types of Accounting Adjustments and Applications
● Depreciation and Methods of Depreciation
● Calculation and Adjustments for Depreciation
● Depreciation and Methods of Depreciation
● Calculation and Adjustments for Depreciation
07 PAYROLL
● Payroll Records
● Payroll Journal Entry
● W-2 / W-4 & W-9 / 1099
● Payroll Journal Entry
● W-2 / W-4 & W-9 / 1099
● Payroll Accounting for Employees
● Deductions and Payroll Taxes
● Differences Between Contractor Payments and Employee Wages
● Accounting Entries for Payroll
● Deductions and Payroll Taxes
● Differences Between Contractor Payments and Employee Wages
● Accounting Entries for Payroll
08 SUMMARY & ANALYTICS
● Financial Statements
● Financial Analysis
● Summary
● Financial Analysis
● Summary
● Preparing Company Reports from Financial Transactions
● Vertical, Horizontal, and Ratio Analysis of Financial Statements
● Analysis of Company Reporting
● Vertical, Horizontal, and Ratio Analysis of Financial Statements
● Analysis of Company Reporting
QBO
