- Description
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- Outline
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Are you well organized? Do you like working with official papers and enjoy seeing a set of figures add up properly? If so, Professional Bookkeeping could be the career for you! Every business, no matter how large or small, must “keep books” and as organizations increase and financial regulations become stricter, there is a greater demand for Professional Bookkeepers. Our Professional Bookkeeping course will cover the multitude of areas that a bookkeeper may address during the work day - how to handle payroll, purchases, billings, cash, fixed assets, inventory, and create financial statements.
Prerequisite: None
After completing this course, you should be able to:
- Identify the daily tasks and procedures involved with bookkeeping
- Define inventory systems and the steps needed to issue financial statements
- Recall the methods for managing credits and collections
- List the steps involved in accounts payable and recordkeeping
- Describe the fundamentals of mastering internal controls and fraud prevention
Professional Bookkeeping Module 1
Setting Up Your Accounting System
- Bookkeeping and Accounting Basics
- Chart of Accounts
- Debits vs. Credits
- Double-Entry Accounting
- Using Journal Entries and Ledgers
- Choosing an Accounting Method
- Cash and Accrual Basis
Professional Bookkeeping Module 2
Recording Accounting Transactions
- Business Transactions
- Managing Bookkeeping and Accounting System
- End-of-Period Procedures
- Tracking Purchases
- Tracking Inventory
- Collecting on Cash Sales
- Processing Employee Payroll and Benefits
- Taxing Payrolls
Professional Bookkeeping Module 3
Adjusting and Closing Entries
- Depreciating Your Assets
- Paying and Collecting Interest
- Proving Out the Cash
- Closing Cash Journals
- Reconciling Accounts and Closing Journal Entries
- Checking Your Accuracy
- Working with Trial Balance
- Developing a Financial Statement Worksheet
- Adjusting the Books
Professional Bookkeeping Module 4
Preparing Income Statements and Balance Sheets
- Origins of Accounting Standards
- Understanding the Nature of Profit
- Preparing Income Statements Related to Profit
- Assessing the Balance Sheet’s Asset Section
- Accounting for Liabilities
- Keeping Current Liabilities Under Control
- Capital Stock
- Coupling the Income Statement and Balance Sheet
Professional Bookkeeping Module 5
Reporting on Financial Statements
- Clarifying the Values of Assets in Balance Sheets
- Introducing Business Valuation
- Cash Flows and Changes in Equity
- Difference Between Cash and Profit
- Analyzing Financial Statements
- Explanatory Notes and Disclosures
- Reports to Shareholders
Professional Bookkeeping Module 6
Planning and Budgeting for Business
- Incorporating Your Business
- Choosing a Legal Structure for a Business
- Outlining a Basic Business Plan
- Budgeting Basics
- Budgeting with Cash or Accrual Accounting
- Long-Term Obligations
Professional Bookkeeping Module 7
Business Decisions
- Estimating Costs with Job Costing
- Performing Activity-Based Costing
- Examining Contribution Margins
- Accounting for Change with Variance Analysis
- Smart Pricing Decisions
- Financial Formulas
Professional Bookkeeping Module 8
Cash and Purchasing
- Identifying Costs and Matching Costs with Revenue
- Satisfying the Matching Principle
- Inventory Cost Flow Assumptions
- Inventory Types
- Incremental and Opportunity Costs
- Interpreting Financial Results
- Reviewing Profit and Earnings
- Maximizing Business Value
Professional Bookkeeping Module 9
Auditing and Detecting Financial Fraud
- Sarbanes-Oxley Regulation
- Preventing Cash Losses from Embezzlement and Fraud
- Assessing Audit Risk
- Collecting and Documenting Audit Evidence
- Auditing a Client’s Internal Controls
- Five Components of Internal Controls
- Common Fraud Schemes
- Financial Statement Fraud
**Outlines are subject to change, as courses and materials are updated.**
Ed4Career is committed to being both environmentally conscious and making it easier for you to study! We’re making your education mobile! All of our textbooks are now provided as eTextbooks. You can access them on your laptop, tablet, or mobile device and can study anytime, anywhere.
The move away from physical books to eTextbooks means you get the latest, most up-to-date version available. This also makes your training more accessible, so you can study anywhere you have your phone or tablet. The best part is that all materials are included in your training cost so there are NO extra fees for books!
Upon successful completion of our Professional Bookkeeping course, students will be prepared, in part, to sit for the AIPB Certified Bookkeeper exam. Candidates must also submit proof of at least two years of full time or 3,000 hours of part-time work experience before or after taking the exam. Candidates have 3 years from the exam date to fulfill this requirement.
**Certification exams are not included in the cost of the course.**
Internet Connection
- Broadband or High-Speed - DSL, Cable, and Wireless Connections
*Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.
Hardware Requirements
- Processor - 2GHz Processor or Higher
- Memory - 1 GB RAM Minimum Recommended
PC Software Requirements
- Operating Systems - Windows 7 or higher
- Microsoft Office 2013 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
- Internet Browsers - Google Chrome is highly recommended
- Cookies MUST be enabled
- Pop-ups MUST be allowed (Pop-up Blocker disabled)
- The Kindle Reader App or VitalSource Bookshelf App are needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
- PowerPoint Viewer (if you do not have PowerPoint)
- Adobe PDF Reader
- QuickTime, Windows Media Player &/or Real Player
MAC Software Requirements
- Operating Systems - Mac OS x 10 or higher with Windows
- Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
- Internet Browsers- Google Chrome is highly recommended
- Cookies MUST be enabled
- Pop-ups MUST be allowed (Pop-up Blocker disabled)
- The Kindle Reader App or VitalSource Bookshelf App are needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
- PowerPoint Viewer (if you do not have PowerPoint)
- Adobe PDF Reader
- Apple QuickTime Media Player
