Basic Bookkeeping

Module One: Getting Started
Course Objectives
 
Module Two: Basic Terminology (I)
Balance Sheet
Assets
Liabilities
Equity
Income Statement
Revenue
Cost of Goods Sold
Expenses
Accounting Period
Review
 
Module Three: Basic Terminology (II)
Accounts Receivable
Accounts Payable
Depreciation
General Ledger
Interest
Inventory
Journals
Payroll
Trial Balance
Review
 
Module Four: Accounting Methods
Cash Method
Accrual Method
Differences between Cash and Accrual
Module Four: Review Questions
 
Module Five: Keeping Track of Your Business
Accounts Payable
Accounts Receivable
The Journal
The General Ledger
Cash Management
Module Five: Review Questions
 
Module Six: Understanding the Balance Sheet
The Accounting Equation
Double-Entry Accounting
Types of Assets
Types of Liabilities
Equity
 
Module Seven: Other Financial Statements
Income Statement
Cash Flow Statement
Capital Statement
Budget vs. Actual
Module Seven: Review Questions
 
Module Eight: 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 Nine: End of Period Procedures
Depreciating Your Assets
Reconciling Cash
Reconciling Investments
Working with the Trial Balance
Bad Debt
Posting Adjustments and Corrections
Module Nine: Review Questions
 
Module Ten: Financial Planning, Budgeting and Control
Reasons for Budgeting
Creating a Budget
Comparing Budget to Actual Expenses
Module Ten: Review Questions
 
Module Eleven: Auditing
What is an Audit?
When and Why Would You Audit?
Internal
External
Module Eleven: Review Questions
 
Module Twelve: Wrapping Up
Words from the Wise