Accounting & Bookkeeping

Accounting & Bookkeeping
Module 1: Beginning accounting
  • History of accounting
  • Why is accounting important?
  • Decisions you must make
  • Jargon, or how to speak like an accountant
Module 2: Types of accounting
  • Financial accounting
  • Management accounting
  • Tax accounting
Module 3: Making sense of your accounts
  • Organization The accounting cycle
  • Using computers for accounting
  • How does computerized accounting work?
Module 4: Keeping inventory and tracking sales
  • Purpose of inventory
  • Keeping up with inventory
  • Keeping track of sales
  • Balancing cash
Module 5: Controlling and managing expenses
  • How to control expenses
  • Balancing your payroll
  • Long-term asset acquisitions
  • Financial liabilities
Module 6: Avoiding illegal accounting
  • Improper accounting procedures
  • Avoiding shortcuts
  • Famous accounting scandals
Module 7: Introduction into bookkeeping
  • Importance of bookkeeping
  • Single-entry bookkeeping
  • Double-entry bookkeeping
Module 8: Proper bookkeeping
  • Balancing and testing your book
  • How to adjust entries
  • Financial statement preparation
  • Profit analysis
  • Liquidity, and how to test it
  • Why is internal control important?
Module 9: Tracking & reporting taxes
  • What are business taxes?
  • How to report year-end numbers to the government
  • Finishing and closing your books
Module 10: Handling an audit
  • External auditor
  • Internal auditor
  • Cost auditor
  • Performance audit
  • Quality audits

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