Accounting Fundamentals Online Course

In this course, you will gain a solid understanding of accounting fundamentals and develop the foundational knowledge necessary for accounting and bookkeeping. You will also learn key accounting terminology, how to analyze and record financial transactions, the full accounting cycle, and how to prepare financial statements.

You will build practical bookkeeping skills in areas such as Accounts Receivable, Accounts Payable, Sales Taxes, Payroll, and Bank Reconciliations, and you will be introduced to the bookkeeping systems commonly used in today’s businesses.

The course combines lesson manuals, video tutorials, hands-on exercises, and check-your-knowledge quizzes to support your learning. Additionally, an instructor will be assigned to provide guidance and answer any questions throughout the course.

Upon completing the course, you will have gained the understanding and concepts of the Full Accounting Cycle and the experience of maintaining a set of books. This course provides exceptional value!

This Accounting Fundamentals Course is included in the following course bundles to save money:

• All-Inclusive Bookkeeping Course
• Basic Bookkeeping Course

All course materials are included in the course fee and are as follows:

• Course access for three (3) consecutive months, 24/7, from anywhere, any time
• Course Outline and Syllabus
• Getting Started Guide
• Assigned an instructor for support and questions
• Instructional videos
• Hands-on exercises and resources
• Check Your Knowledge Quizzes
• Final Exercise
• Certificate upon completion
• Accounting Fundamentals Course Badge

• Introduction to Accounting Fundamentals and Terminology
• Types of Business Organizations
• Starting a Business and Analyzing Transactions
• Keeping Records and CRA Compliance
• Generally Accepted Accounting Principles (GAAP)
• Fundamental Accounting Equation and Transactional Changes
• The Balance Sheet and Transactions: Assets, Liabilities and Equity
• Cash and Accrual Methods of Accounting
• Revenue and Expense Transactions
• Matching Principle
• Earnings: Net Income and Net Loss
• Transactions and Sales Taxes
• Owner’s Contributions and Withdrawals
• The Income Statement
• T Accounts
• Debits and Credits and the Transactional Process
• Account Balances and Chart of Accounts
• The Trial Balance
• Source Documents and Filing Systems
• The General Journal and Transactions
• Posting to General Ledgers
• Completing the Full Accounting Cycle
• Financial Statements

• Customer Records, Sales Invoices and Payments
• Accounts Receivable and Subledger
• Vendors Records, Purchases, Expenses, and Payments
• Accounts Payable and Subledger
• GST/HST Sales Tax Accounts
• GST/HST Sales Tax NETFILE Returns and Payments
• GST/HST Sales Tax Refunds
• PST Sales Tax Reporting
• Payroll Information; TD1 Forms and Claim Codes
• Payroll Deductions: EI, CPP, Federal and Provincial Taxes
• Employee Paycheques and Payroll Transactions
• Employee Records and the Payroll Register
• Employee Deductions Obligations
• Employer Payroll, CPP and EI Expense
• Payroll Source Deductions Remittance and PD7A Forms
• Banking Transactions: Deposits and Withdrawals
• Bank Account Reconciliation

What are the prerequisites? There are no prerequisites to take this course.

Who should take this course? This course is ideal for anyone working or seeking work in office administration, data entry, or bookkeeping who wants to enhance their skills. It is also well-suited for new business owners.

How will accounting fundamentals knowledge benefit me? Start with the basics of accounting and gain the skills every business values. This course is the essential first step for anyone who handles any aspect of accounting, data entry, or bookkeeping using an accounting program. Additionally, a solid understanding of basic accounting—compliance, the accounting cycle, and the concept of “balancing” will make you an asset for any business.

What are the Computer Requirements?

• A computer with an internet connection (Desktop or Laptop)
• Video player to view videos
• PDF Reader to download and read PDF documents
• This course uses Fillable PDFs for exercises, and they are used with common Internet Browsers
• A printer (optional), to print the course materials

What are the computer skills requirements? Students must have basic knowledge of working with computers and the internet, and of using File Explorer to download and organize course materials. They will learn how to use Fillable PDFs (video training provided) and must know how to send emails with attachments to send files back and forth to the instructor.

How long does the course take? Your login account provides access to the course for three (3) consecutive months, and your access expiry date will be included in your login email. The course takes approximately 35 hours to complete, including reading the lessons, completing and submitting exercises, and watching the videos. Please plan to schedule about 35 hours of study time within your three-month access period.

About the Instructor? Meet your instructor, Sue Dupuy. With decades of experience, she has mentored hundreds of bookkeepers, accountants, and business owners across Canada to develop new skills and advance their accounting knowledge. Her passion and strive for excellence ensure that students gain the skills and confidence needed to succeed in their careers.

Course language: All course materials are available in English only. Students must be proficient in English, reading, writing, and oral communication.

When can I get started? You can start the course whenever it works for you, on your schedule — everything is available online. Everyone can join — no application or admission requirements, you can start learning today!

How does the course work? After you submit your registration, we will begin processing it and set up your account login. You will then receive an email with your login details so you can access the course and get started. On the course page, the lessons are organized step-by-step and include a Getting Started Guide, the course syllabus and lesson materials.

How do I access the course? The course is delivered online and offers 24/7 access from any location through a computer with an internet connection.

How Does the Video Work? The instructional videos are streamed and accessed from the course page. They are easily viewable on any device using a video player. Videos can be viewed multiple times at your own pace.

How do I contact the instructor with questions and support? An instructor will be assigned to guide you and provide ongoing support throughout the course. After registration, you will receive an email from your instructor to establish contact. All submitted exercises will be reviewed and returned with feedback. If you need assistance, your instructor can be reached by email or phone.

Do I Receive a Certificate? Students receive a certificate after completing the course requirements, including course exercises, quizzes, and the final exercise.

How Do I Register and Make Payment?
Registration for courses is online, and all fees are in Canadian Dollars (CAD).

Below are the steps for registration:

1. Select the course and the “Register” button on the page.
2. Read and complete the terms and conditions.
3. Step 1: Complete the Student information.
4. Step 2: Complete the Billing information. It will display the course fee, sales tax, and the total payment.
5. Step 3: Select Payment; we accept all major Canadian debit and credit cards.
6. Step 4: Submit the registration. The student receives confirmation of registration via email. The Biller receives the payment receipt and confirmation of the student’s registration.

Note: Registration and payment information is secure; we do not share or sell any information to anyone.

If you have additional questions, please give us a call, TF: (888) 385-7007 or fill out the Contact Us form.

If you are an employment or training agency and would like to register a student or a group of students for a course, please use the contact page to submit your request.