Basic Bookkeeping

So the good thing about accounting is that you can start out wherever you want, at the beginning, the middle, or the end and you will still wind up at the same place, nowhere (Just kidding). You really have to start at the beginning, or you will get lost. So let’s start there, with some basic terminology. Some of this stuff may ring a bell for those of you who took accounting previously, were hired to keep the books at the corner of Mom & Pop’s shop, or, were too cheap to hire a “real Accountant” and tried to do your own books.

Beginner 5(1 Ratings) 6 Students enrolled English
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Last updated Fri, 05-Apr-2024
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Course overview

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! 

What will i learn?

  • Understand basic accounting terminology.
  • Identify the differences between the cash and accrual accounting methods.
  • Keep track of your business by becoming familiar with accounts payable and accounts receivable.
  • Use a journal and general ledger to document business financials.
  • Utilize the balance sheet.
  • Identify different types of financial statements.
  • Uncover the reasons for and actually create a budget.
  • Be familiar with internal and external auditing.
Requirements
  • Computer Literate
  • Understand English
Curriculum for this course
77 Lessons 03:00:00 Hours
Basic Terminology Pt.1
11 Lessons 00:15:00 Hours
  • Basic Terminology Pt.1
    .
  • Balance Sheet
    .
  • Assets
    .
  • Liabilities
    .
  • Equity
    .
  • Income Statement
    .
  • Revenue
    .
  • Cost of Goods Sold
    .
  • Expenses
    .
  • Accounting Period
    .
  • Formative Assessment
    0:15:00
Basic Terminology Pt.2
11 Lessons 00:15:00 Hours
  • Basic Terminology Pt.2
    .
  • Accounts Receivable
    .
  • Accounts Payable
    .
  • Depreciation
    .
  • General Ledger
    .
  • Interest
    .
  • Inventory
    .
  • Journals
    .
  • Payroll
    .
  • Trial Balance
    .
  • Formative Assessment
    0:15:00
Accounting Methods
5 Lessons 00:15:00 Hours
  • Accounting Methods
    .
  • Cash Method
    .
  • Accrual Method
    .
  • Difference Between Cash and Accrual
    .
  • Formative Assessment
    0:15:00
Keeping Track of Your Business
7 Lessons 00:15:00 Hours
  • Keeping Track of Your Business
    .
  • Accounts Payable
    .
  • Accounts Receivable
    .
  • The Journal
    .
  • The General Ledger
    .
  • Cash Management
    .
  • Formative Assessment
    0:15:00
Understanding the Balance Sheet
7 Lessons 00:15:00 Hours
  • Understanding the Balance Sheet
    .
  • The Account Equation
    .
  • Double-Entry Accounting
    .
  • Types of Assets
    .
  • Types of Liabilities
    .
  • Equity
    .
  • Formative Assessment
    0:15:00
Other Financial Statements
5 Lessons 00:15:00 Hours
  • Income Statement
    .
  • Cash Flow Statement
    .
  • Capital Statement
    .
  • Budget vs. Actual
    .
  • Formative Assessment
    0:15:00
Payroll Accounting/Terminology
11 Lessons 00:15:00 Hours
  • 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
    .
  • Formative Assessment
    0:15:00
End of Period Procedures
8 Lessons 00:15:00 Hours
  • End of Period Procedures
    .
  • Depreciating Your Assets
    .
  • Reconciling Cash
    .
  • Reconciling Investments
    .
  • Working with the Trial Balance
    .
  • Bad Debt
    .
  • Posting Adjustments and Corrections
    .
  • Formative Assessment
    0:15:00
Financial Planning, Budgeting and Control
5 Lessons 00:15:00 Hours
  • Financial Planning, Budgeting and Control
    .
  • Reasons for Budgeting
    .
  • Creating a Budget
    .
  • Comparing Budget to Actual Expenses
    .
  • Formative Assessment
    0:15:00
Auditing
6 Lessons 00:15:00 Hours
  • Internal
    .
  • External
    .
  • Auditing
    .
  • What is an Audit?
    .
  • When and Why Would You Audit?
    .
  • Formative Assessment
    0:15:00
Summative Assessment
1 Lessons 00:30:00 Hours
  • Summative Assessment
    0:30:00
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