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 Basic Bookkeeping!

 

INTRODUCTION
Course Objectives


MODULE 1
Basic Terminology (I)
Balance Sheet
Assets
Liabilities
Equity
Income Statement
Revenue
Cost of Goods Sold
Expenses
Accounting Period
Review


MODULE 2
Basic Terminology (II)
Accounts Receivable
Accounts Payable
Depreciation
General Ledger
Interest
Inventory
Journals
Payroll
Trial Balance
Review


MODULE 3
Accounting Methods
Cash Method
Accrual Method
Differences Between Cash and Accrual
Knowledge Check


MODULE 4
Keeping Track of Your Business
Accounts Payable
Accounts Receivable
The Journal
The General Ledger
Cash Management
Knowledge Check


MODULE 5
Understanding the Balance Sheet
The Accounting Equation
Double-Entry Accounting
Types of Assets
Types of Liabilities
Equity
Knowledge Check


MODULE 6
Other Financial Statements
Income Statement
Cash Flow Statement
Capital Statement
Budget Vs. Actual
Knowledge Check


MODULE 7
Payroll Accounting / Terminology
Gross Wages
Net Wages
Employee Tax Withholding’s
Employer Tax Expenses
Salary Deferrals
Employee Payroll
Employee Benefits
Tracking Accrued Leave
Government Payroll Returns/Reports
Review


MODULE 8
End of Period Procedures
Depreciating Your Assets
Reconciling Cash
Reconciling Investments
Working with the Trial Balance
Bad Debt
Posting Adjustments and Corrections
Knowledge Check


MODULE 9
Financial Planning, Budgeting and Control
Reasons for Budgeting
Creating a Budget
Comparing Budget to Actual Expenses
Knowledge Check


MODULE 10
Auditing
What is an Audit?
When and Why Would You Audit?
Internal
External
Knowledge Check


ASSESSMENT
Post-Test


WRAPPING UP
Course Summary

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