- Description
- Objectives
- Outline
- Materials
- System Requirements
Understanding the basic concepts of accounting is essential to success in business. An accountant’s job is to provide information needed to run a business efficiently, while keeping expenses low and increasing profits. Our Accounting for the Non-Accountant course provides an introduction into the field of accounting geared specifically for the beginner. This course covers the basics of financial statements, fiscal analysis, budgeting and much more.
After completing this course, you should be able to:
- Identify the generally accepted principles of accounting
- Recall the use of income statements in corporations
- Recognize the short-term and long-term analysis of working capital and ratios
- List how to budget efficiently for a business or organization
Accounting for the Non Accountant Module 1
Accounting Basics
Module one provides an overview of bookkeeping and various financial statements, such as income or statement of cash flows. It also illustrates how proprietorships, partnerships and corporations operate and use accounting principles differently. Each type of business uses accounting for different purposes. Finally, proper accounting standards and how they are used will be addressed.
- What is Accounting?
- Understanding Financial Statements
- Generally Accepted Accounting Principles
- U.S. Accounting Standards vs. International Standards
- Balance Sheets
Accounting for the Non Accountant Module 2
Income Statements and Cash Flow
Module two illustrates the importance of understanding income statements, specifically what they are and how businesses use them. Aspects of business revenue, profits, losses and expenses is also covered. You will learn how to prepare a profit and loss statement. By the end of module two, you will also have working knowledge of capital stock, dividends and treasury stock.
- Understanding Income Statements
- Statement of Cash Flow
- Capital Stock
- Cash Dividends and Stock Dividends
- Treasury Stock
Accounting for the Non Accountant Module 3
Financial Statements and Analysis
Module three will teach you how to analyze and examine financial accounts. You will learn how to conduct business analysis, determine financial risk and understand dividend data. Short term analysis versus long term analysis is discussed, as well as understanding assets and ratios.
- Double-Entry Accounting
- Short Term Analysis
- Assets and Ratios
- Quality of Earnings
- Dividend Data
Accounting for the Non Accountant Module 4
Budgeting
Module four provides an overview of planning, creating and managing a budget, as well as discussing the differences between sales and capital budgets. Ideas for working with auditors for interpreting financial statements and dealing with audits are provided. Finally, tips for preventing fraud in your business and ethically appropriate practices are given.
- Planning and Controlling a Budget
- Sales and Capital Budget
- Audits and Auditors
- Fraud and Ethics
- Preventing Fraud in an Organization
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!
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
