To Access This Course:
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: December 25, 2019
Included In Certifications
This course is included in the following Certification Programs:
14 CoursesProfessional Bookkeeping Certification
- Bookkeeping: Terminology and Process Execution
- Bookkeeping: Debits And Credits
- Bookkeeping: Cash vs. Accrual
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Legal Entity And Chart Of Accounts
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Responsibilities
- Bookkeeping: Fixed assets and inventory
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Management Internal Control Essentials
- GAAP Principles, Assumptions and Considerations
- GAAP Presentation of Financial Statements
- Bookkeeping Basics – Case Study Scenario
- Useful Bookkeeping Tools
17 CoursesPROFESSIONAL BOOKKEEPING CERTIFICATION - THE VIRTUAL LIVE PROGRAM
- Bookkeeping: Terminology and Process Execution
- Bookkeeping: Legal Entity And Chart Of Accounts
- Bookkeeping: Responsibilities
- Management Internal Control Essentials
- GAAP Principles, Assumptions and Considerations
- Bookkeeping: Debits And Credits
- Bookkeeping: Cash vs. Accrual
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Fixed assets and inventory
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- GAAP Presentation of Financial Statements
- Bookkeeping Basics – Case Study Scenario
- Financial Statement Introduction
- Information Technology (IT) Risks in Emerging Business Environments
- Segregation of Duties for Core Business Processes
- Useful Bookkeeping Tools
4 Reviews (9 ratings)Reviews
Anonymous
(Accountant)
This is a very good recap of the course in a quick and easy manner. Very informative and helpful. Was presented well
Alpha Kakay
(Accounting at Five Guys Enterprise)
Understood the basis of Bookkeeping in detail. The various concept of accrual were also discussed in this course.
Elena Davis
(Office Manager at TKO Contractors LLC)
Good review of all bookkeeping principles with scenarios covering a wide range of topics.
Denise Kelly
(Bookkeeper at Rest Haven)
This course provided a great review of all the bookkeeping knowledge
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
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 .