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What's Included

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Accounting Basics Online Training Course (AB)

$200 + $50 for student workbook + GST

6 x 1-hour classes

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March Session

March  2010 Sun Mon Tue Wed Thu Fri Sat   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31       Mar 22 - 31, 2010 Mon, Tues, Wed Mar 22, 23, 24, 29, 30, 31 11:00 am - 12:00 noon Pacific 12:00 noon Mountain, 1:00 pm Central, 2:00 pm Eastern, 3:00 pm Atlantic Class sessions may extend to 1.25 hours, depending on content and questions, so please allow for extra time. Register

Course Outline

This course starts with the basics of accounting, an introduction to accounting terminology, the accounting equation, T accounts and understanding Debits and Credits. You will learn to set up both a manual and computerized double entry bookkeeping system for a small business, record business transactions, maintain sub-ledger accounts and balances, and prepare and analyze a business’s Balance Sheet and Income Statement for an accounting cycle. Businesses today use computerized accounting software and with this course you will be introduced to setting up  and using the General Journal on the Simply Accounting by Sage 2010 software (student version software provided, if required).

This course is designed for individuals who have no previous accounting and bookkeeping knowledge or for individuals who are currently in a bookkeeping position and would like to refresh or strengthen their accounting knowledge.

Session 1 Course objectives & setup Starting a business Assets, liabilities & equity Accounting equation Balance sheet Changes in assets, liabilities & equity Session 1 exercise	Session 2 Understanding revenue & expenses Accounting for sales taxes Recording revenue & expenses Debits & credits Income statement Trial balance Intro to computerized accounting Session 2 exercise	Session 3 Journal definitions Chart of accounts (COA) Creating journal entries Ledgers Transactional postings Manual & computerized accounting Session 3 exercise
Session 4 Intro to sub-ledgers Accounts payable & receivable Session 4 exercise	Session 5 Inventory accounting Inventory sub-ledger Account categories Adjusting entries Session 5 exercise	Session 6 Types of organizations Financial statements Closing a fiscal period Opening a new fiscal period Session 6 exercise

FAQ

Who should take this course

- Business owners, support staff, bookkeepers
- Anyone who wants to understand the basics of bookkeeping and Simply Accounting

Prerequisites

- Basic knowledge of Microsoft Windows
- No previous experience using Simply Accounting required

Audio

- Participants must provide headset with microphone connected to USB port (or acceptable alternative) for online audio
- More about audio: video or PDF

Student Workbook

Accounting Basics by Sage

Simply Accounting Software

- Class demonstrations use Simply Accounting 2009. Simply Accounting Student Edition will be provided to participants who don't have Simply Accounting. If you have a licenced version of Simply Accounting 2008, 2009 or 2010, you will use your own version.

Session Materials

- An agenda, supporting materials and documents for each session will be emailed to particpipants and should be printed and available during class sessions.

Exercises

- Each session includes an exercise to reinforce learning. Exercise take approximately 1 hour to complete. Exercises are reviewed by the instructor and feedback will be provided.

Recorded Sessions

- Recordings of class sessions are available to participants for review or in case of a missed session.

Support & Questions

- Participants are encouraged to ask questions during class. The instructor is also available to answer questions between classes.

Exam

No mandatory exam

Certificate

Participation certificate issued on completion

Instructor

Sue du Puy