Project Description

Accounting Fundamentals Online Course

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

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

Course Details

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

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

This course utilizes video tutorials, comprehensive lesson exercises and check your knowledge quizzes to help you learn. You are assigned to an instructor for questions and support you may need during the course. Upon completion of 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 simply 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
  • 3 months course access, anytime from anywhere
  • Certificate upon completion

Requirements & FAQ

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

Who should take this course? Anyone who is looking to work or currently working in an office in administration, data-entry, bookkeeping and 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 knowing the Accounting Cycle, how to record transactions and understanding 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 does this course work? Once registered, you receive a welcome email from your instructor with your login to access the course students page and to get started. On the course page, lessons are structured in an easy step-by-step format, a 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? You have three-months access to the course; an access expiry date is assigned at registration. The hours to complete this course are approximately 35 hours. On average, for people who are not working will complete the course in one to two weeks. For people who are working, on average it takes three to four weeks to complete.

How Do the Video Tutorials Work? The instructional video tutorials are accessed from the course students page and are easy to view. The videos can be viewed multiple times to learn at your own pace and schedule. To experience the level of content and quality of our videos, go to our YouTube channel and view our free videos.

What are the Computer Requirements?

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

Who’s the Instructor? Sue du Puy shares 30+ years of business, accounting and bookkeeping experience with you. 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 ensure her students learn skills and prepares them in moving their career 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 thought-out the course. Students will submit exercises that are reviewed by the instructor. You have access to contact your instructor by phone or email.

Do I Receive a Certificate? Yes, student receive a certificate who successfully complete the required exercises.

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 page. We accept payment with Visa, MasterCard, PayPal, e-Transfer and Cheques. We do not accept American Express.

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

 

Note: The Accounting Fundamentals Course is also included in the All-Inclusive Bookkeeping Course and the Basic Bookkeeping Course. When you register for one of our packaged courses, you save money and receive access to courses for 6 months vs. 3 months.

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.