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In our current economy, knowing how to properly manage your finances is vital.

Whether you are interested in a career as an accountant or bookkeeper, want to become a better asset to your business or are looking to prepare for tax season, our online Accounting and Bookkeeping class will give you the tools and knowledge you need to do it. 

Get ready to tackle the financial world by learning how to:

• Keep track of sales, cash flow and inventory
• Follow proper bookkeeping protocol, including balancing and testing your books
• Prepare financial statements and records
• Manage your payroll
• Monitor and oversee expenses
• Calculate profit analysis and shareholder equity
• Report taxes and prepare a business for audit (whether internal or external)

Requirements

International Open Academy courses are designed for anyone with an interest in learning. No formal qualifications are required to study with us. Our courses are suitable if you want to learn new skills, start a new career, or if you’re already working in a particular industry and wish to upgrade your talents and enhance your resume.

Lessons

Module 1: Beginning Accounting

• What is accounting?
• In the beginning
• A brief history of accounting
• Why accounting is important
• Decisions to make when setting up an accounting system
• Jargon, or how to speak like an accountant

Module 2: Types Of Accounting

• Functions of accounting
• Financial accounting
• Managerial accounting
• Tax accounting
• Other functions

Module 3: Making Sense Of Your Accounts

• Organizing your accounts
• The accounting cycle
• Using computers for accounting

Module 4: Keeping Inventory and Tracking Sales

• What is inventory?
• Purpose of inventory and inventory management
• Keeping track of sales
• The impact on cash
  

Module 5: Controlling and Managing Expenses

• How to control and manage expenses
• Reconciling your payroll
• Long-term asset acquisitions
• Financial liabilities

Module 6: Avoiding Illegal Accounting

• Improper accounting procedures
• Consequences of poor accounting practices
• Avoiding shortcuts
• Famous accounting scandals

Module 7: Introduction Into Bookkeeping

• Introduction to bookkeeping
• Importance of bookkeeping
• Single-entry bookkeeping
• Double-entry bookkeeping

Module 8: Proper Bookkeeping

• Posting and coding
• Balancing and testing the books
• Mistakes and adjustments
  
• Preparation of financial statements
• Conducting a profit analysis
• Liquidity and testing
• Internal controls
  

Module 9: Tracking & Reporting Taxes

• Understanding taxes
• Record-keeping for taxes
• Reporting, filing, and dates
• Tax help
  
• Closing your books for the year
  

Module 10: Handling an Audit

• What is an audit?
• Preparing for an audit
• External auditor
• Internal auditor
• Cost audit
• Performance audit
• Quality audits

Career

Who is this course for?

• Anyone interested in becoming more fiscally responsible
• People who want to work in bookkeeping or accounting 
• Current or aspiring business owners who want to ensure their accounts are handled correctly
• Accountants and bookkeepers who want to further their knowledge

Career path

Our online accounting class will help you:

• Take the first step towards your new career in finance
• Increase your business profits by teaching you how to efficiently manage your finances 
• Gain the fiscal knowledge you need to start your own business

Certification

Creator

IOA Original

This course is an exclusive offering from the International Open Academy (IOA). IOA Originals are thoughtfully crafted and developed either in-house by IOA or with complete ownership of production and distribution rights.

Our team of experts has worked diligently to create, write, and produce this course, ensuring it provides learners with a distinctive opportunity to access premium content on a wide range of diverse topics.