Project Description

Accounting Fundamentals Online Course

35 Course Hours   |   24/7 Online Access   |   Certificate Course   |   Assigned Instructor   |   Prerequisites: None   |   Course Fee: $300 + Tax

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Course Details
Course Details
Topics Covered
What’s Included
Requirements & FAQ

Course Description

In this course, you will learn the basics of accounting fundamentals and the foundation of knowledge required in accounting and bookkeeping. In addition, you will learn accounting terminology, analyze and record financial transactions, the full accounting cycle process, and prepare Financial Statements.

Accounting Fundamentals teaches bookkeeping skills of handling Accounts Receivables, Accounts Payables, Sales Taxes, Payroll and Bank Reconciliations and introduces bookkeeping systems for today’s businesses.

This course utilizes video tutorials, comprehensive lesson exercises and check your knowledge quizzes to help you learn. In addition, you are assigned to an instructor for questions and support you may need during the course. Upon completing the course, you will have gained the understanding and concepts of a business’s accounting cycle and the experience of maintaining a set of books. This course provides exceptional value!

Topics Covered

Part One: Accounting Fundamentals and the Accounting Cycle

  • 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

Part Two: Bookkeeping and Compliance

  • Customer Records, Sales Invoices and Payments
  • Accounts Receivable and Subledger
  • Vendors Records, Purchases and Expenses Invoices 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 Expenses
  • Payroll Source Deductions Remittance PD7A Form
  • Banking Transactions; Deposits and Withdrawals
  • Bank Account Reconciliation

What’s Included

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

  • Getting Started Guide
  • Course Outline and Syllabus
  • Assigned instructor for support and to answer questions
  • Instructional video tutorials
  • Hands-on exercises and resources
  • Check Your Knowledge quizzes
  • Three months (3) course access, 24/7 from anywhere, anytime
  • Certificate upon completion

Course Requirements & FAQ

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

Who should take this course? Anyone looking to work or is currently working in an office in administration, data entry, or bookkeeping would like to advance their knowledge of basic accounting. This course is also ideal for new business owners starting a business.

How will accounting fundamentals knowledge benefit me? Learning the basics of accounting is the first step and is the foundation for anyone who works for a business performing accounting and bookkeeping tasks and using an accounting program. A person with knowledge of the Accounting Cycle, how to record transactions, and understand the concept of “balancing” would be an asset to any business.

When can I get started? You can get started on this course anytime your schedule permits.

How do courses work? Once registered, your registration is processed, and your login account is created. Next, you receive the welcome email with your login information to access the course and get started. On the course page, lessons are structured in an easy step-by-step format, with the Getting Started Guide and lessons comprising of materials, instructional videos, exercises and resources.

Where can I access the course from? This course is online with 24/7 access from anywhere using a computer with an internet connection.

How long does the course take? Your account provides access to the course for three months (3); an access expiry date is assigned at registration. The hours to complete the course is approximately 35 hours. On average, people who are not working will complete the course in two to four weeks. For working people, the average is one to two months.

How Do the Video Tutorials Work? The instructional video tutorials are accessed from the course page and
are easy to view; videos can be viewed multiple times to learn at your own pace and schedule.

What are the Computer Requirements?

  • A computer with internet connection (Desktop or Laptop)
  • Video player to view videos
  • Adobe Reader to read, save and print PDF documents
  • Printer to print course materials

Who’s the Instructor? Sue Dupuy shares 30+ years of business, accounting and bookkeeping experience. She has consulted and trained hundreds of Bookkeepers, Accountants and Business Owners across Canada and beyond. Sue cares about her students and is committed to ensuring they learn the skills needed and prepare them to move their careers to the next level.

How do I contact the instructor for questions or if I need help? Your instructor is there to ensure you succeed in the course and communicates with you throughout the course. For courses, students submit exercises; the instructor reviews submissions and provides feedback. In addition, your instructor is available by phone or email.

Do I Receive a Certificate? Yes, students receive a certificate after completing the course.

Do you provide Verifiable hours for CPD (Continuing Professional Development) credits? Yes, we provide students with a letter upon request.

How Do I Register? We offer easy online registration; select the Register button on the course page. Payment is accepted by Visa, MasterCard, PayPal, and e-Transfer. Unfortunately, Visa Debit Cards and American Express are not accepted. To make payment by cheque, please call the office (855) 422-5861.

Registration and payments are secure, and we do not share or sell your information. If you prefer to register over the phone, please call our office at (855) 422-5861.

Note: The Accounting Fundamentals Course is also included in the All-Inclusive Bookkeeping Course; when you register for this course, it consists of the Accounting Fundamentals Course, Sage 50 Level 1 and Level 2 Courses; the combined courses save money.

The Accounting Fundamentals course is designed for people who have no previous accounting or bookkeeping knowledge or those currently in an office or bookkeeping position who would like to refresh or strengthen their accounting knowledge. This course will be the easiest online course you will experience.