more
Lynn Fountain, CPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
Former Chief Audit Executive for two global companies, expert in SOX, COSO, ERM and corporate governance frameworks. Nationally recognized trainer, speaker published author.
This instructor has 177 courses »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: November 12, 2020
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
7 Reviews (13 ratings)Reviews
Anonymous
(Accounting Student)
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.
Babette Grothe
(Office Manager at Aircraft Turbine Works)
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
(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.
Eliane Costa
(office manager at Family life chiropractic)
Great Scenarios!!! Gives an overview of many concepts that were covered in the courses
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 .