Accounting Online Course - Winter 2024

Course Details

This course presents an introduction to basic financial accounting. Students begin at square one, learning the foundation of accounting principles. As the language of business, accounting is essential to business professionals.

The course runs approximately 15 weeks and is facilitated by an accounting professional who is available for questions by email. Students receive a course bundle before the start of the session, which includes the textbook, study guide, and online component. During the course, students will take four proctored exams online. After each exam, the instructor will provide students with helpful feedback and study tips. Upon successfully completing the course with a score of 70% or higher, students receive a certificate of achievement and earn course credit toward the CBA designation accounting course requirement.

Instructor

Meredith Mostochuk, CBA

January 1, 2024 -
April 19, 2024

Course Overview

FAQs

Course Costs

How They Work

Technology Requirements

Facilitators

Earn course credit toward your CBA designation!

Accounting Course Overview

1. Introduction to Accounting and Business

• Nature of Business and Accounting
• Generally Accepted Accounting Principles
• The Accounting Equation
• Business Transactions and the    Accounting Equation
• Financial Statements

2. Analyzing Transactions

• Using Accounts to Record Transactions
• Chart of Accounts
• Double-Entry Accounting System
• Posting Journal Entries to Accounts
• Trial Balance

3. The Adjusting Process

• Nature of the Adjusting Process
• Recording Adjusting Entries
• Summary of Adjustment Process
• Adjusted Trial Balance

4. Completing the Accounting Cycle

• Flow of Accounting Information
• Financial Statements
• Closing Entries
• Accounting Cycle
• Fiscal Year

5. Accounting Systems

• Basic Accounting Systems
• Manual Accounting System
• Adapting Manual Accounting System
• Computerized Accounting Systems
• E-Commerce

6. Accounting for Merchandising Businesses

• Nature of Merchandising Businesses
• Financial Statements for Merchandising Businesses
• Merchandising Transactions
• The Adjusting and Closing Process

7. Inventories

• Control of Inventory
• Inventory Cost Flow Assumptions
• Inventory Costing Methods Under a Perpetual Inventory System
• Inventory Costing Methods Under a Periodic Inventory System
• Comparing Inventory Costing Methods

Set your own schedule!

 8. Sarbanes Oxley, Internal Controls, & Cash

• Sarbanes-Oxley Act of 2002
• Internal Control
• Cash Controls Over Receipts and Payments
• Bank Accounts
• Special Purpose Cash Funds

9. Receivables

• Classification of Receivables
• Uncollectible Receivables
• Direct Write-Off Method for Uncollectible Accounts
• Allowance Method for Uncollectible Accounts
• Comparing Direct Write-Off and Allowance Methods
• Notes Receivable
• Reporting Receivables on the Balance Sheet

10. Fixed Assets and Intangible Assets.

• Nature of Fixed Assets
• Accounting for Depreciation
• Disposal of Fixed Assets
• Natural Resources
• Intangible Assets
• Financial Reporting for Fixed Assets and Intangible Assets

11. Current Liabilities & Payroll.

• Current Liabilities
• Payroll and Payroll Taxes
• Accounting Systems for Payroll and Payroll Taxes
• Employees' Fringe Benefits
• Contingent Liabilities

12. Accounting for Partnerships and Limited Liability Companies.

• Proprietorships, Partnerships, and Limited Liability
• Forming and Dividing Income of a Partnership
• Partner Admission and Withdrawal
• Liquidating Partnerships
• Statement of Partnership Equity

13. Corporations: Organization, Capital Stock Transactions, and Dividends.

• Nature of Corporation
• Stockholder's Equity
• Accounting for Dividends
• Treasury Stock Transactions
• Reporting Stockholders' Equity
• Stock Splits

14. Statement of Cash Flows.

• Reporting Cash Flows
• Statement of Cash Flows – The Indirect Method
• Statement of Cash Flows – The Direct Method