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
