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This course will be focused on applying many of the principles and concepts that we have reviewed in our Bookkeeping Certificate Series. By now, you should have completed the following courses in the Bookkeeping Basics Certificate Program:

  • Critical Accounting Terminology and Effective Execution of Concepts
  • Processes and Debits and Credits
  • Accrual vs. Cash Accounting
  • Payroll and Expenses Accounting
  • Formation of a Legal Entity and Chart of Accounts
  • Essential responsibilities on a daily, weekly, monthly and annual basis
  • Fixed Assets and Inventory
  • Utilizing Journals, Subsidiary Ledgers and the GL
  • Tools for Bookkeeping Certificate

This course will allow the participant to practice the many concepts reviewed in the above courses and apply them in a case study setting.


Learning Objectives

  • Explore concepts of bookkeeping through the question and answer of quiz questions related to the many concepts discussed in previous sessions.
  • Explore a bookkeeping scenario of a sole proprietor who starts a floral business using the cash basis of accounting.
    • Identify how to record entries relative to the business
    • Identify how to reconcile the cash account
    • Identify how to prepare the balance sheet and income statement
  • Explore an extended bookkeeping scenario based on certain facts in case one. This scenario will have the addition of a separate owner, apply accrual accounting aspects and introduce concepts of labor.
    • Identify how to record entries relative to the business
    • Identify how to reconcile the cash account
    • Identify how to prepare the balance sheet and income statement
Last updated/reviewed: June 24, 2021

Included In Certifications

This course is included in the following Certification Programs:

14 CoursesProfessional Bookkeeping Certification

  1. Bookkeeping: Terminology and Process Execution
  2. Bookkeeping: Debits And Credits
  3. Bookkeeping: Cash vs. Accrual
  4. Bookkeeping: Payroll And Expenses
  5. Bookkeeping: Legal Entity And Chart Of Accounts
  6. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  7. Bookkeeping: Responsibilities
  8. Bookkeeping: Fixed assets and inventory
  9. Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
  10. Management Internal Control Essentials
  11. GAAP Principles, Assumptions and Considerations
  12. GAAP Presentation of Financial Statements
  13. Bookkeeping Basics – Case Study Scenario
  14. Useful Bookkeeping Tools

9 Reviews (19 ratings)Reviews

Member's Profile
General and brief case study, easy enough to follow. Good overview of T-accounts, debit and credit idea, as well as basic BS understanding. I would make labor part a little bit more detailed, but it was good for an overview.
Anonymous Author
I really appreciated the case study scenario given in this course. It was a good way to review and apply the accounting concepts learned throughout the bookkeeping certification program.
Member's Profile
This has been a great course. I have been able to utilize all aspects of this course in my day to day work. It has been very helpful. I will likely take more courses to help me.
Anonymous Author
This is a very good recap of the course in a quick and easy manner. Very informative and helpful. Was presented well
Member's Profile
Understood the basis of Bookkeeping in detail. The various concept of accrual were also discussed in this course.
Member's Profile
Good review of all bookkeeping principles with scenarios covering a wide range of topics.
Member's Profile
Great Scenarios!!! Gives an overview of many concepts that were covered in the courses
Member's Profile
This course provided a great review of all the bookkeeping knowledge
Member's Profile
The entire course was informative and well presented.


Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
Introduction And Overview
  6:00Bookkeeping Case Study Introduction
  20:14Case Scenario
  10:38Case Scenario Continued
  2:34Financial Statements
  14:59Extended Scenario
  7:13Extended Scenario Continued
Continuous Play
  1:03:01Bookkeeping Basics- Case Study Scenario
Supporting Material
  PDFSlides: Bookkeeping Basics– Case Study Scenario
  PDFBookkeeping Basics– Case Study Scenario Glossary/Index
Review And Test