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the Basics: Accounting Fundamentals

Refresh your basic accounting knowledge!

Brief

Certification
overview video

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Duration: 12.5 Hours
Method: online

Purchase Certification:

$0.00 Credits: 1 - 12 hours

Certificate Highlights

This series offers a refresher in accounting fundamentals including the various stages of the accounting cycle, depreciation, accounts receivable, inventory costing, and more.

Frequently Asked Questions

Instructor for this course

Erik Slayter, Associate Accounting Professor, Cal Poly

Erik is currently an Accounting Professor at California Polytechnic State University in San Luis Obispo. Formerly, Mr. Slayter served as Division Controller for the San Luis Obispo County division of Waste Connections, Inc. (NYSE: WCN). Prior to Mr. Slayter’s work for Waste Connections, he was Controller and MIS Director for Waller Genetics, a leading horticultural research company based in Santa Barbara County, California. Mr. Slayter’s M.B.A. and degree in Accounting were both earned from California Polytechnic State University in San Luis Obispo. Mr. Slayter holds an active Certified Public Accountant license from the State of California. Mr. Slayter serves as founder and President of CCSoccer Corp., a non-profit recreational, adult soccer league.

11 Courses

Accounting Review: The Basics of Debits and Credits

This course covers the fundamentals of debits and credits, the primary building blocks of accounting and financial statements.

Transaction Analysis, T-Accounts, Debits and Credits, and Trial Balances

This course expands upon the accounting equation of Assets = Liabilities + Shareholder Equity to understand how debits and credits are used.

Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow

This course discusses each of the main financial statements, describing what each one does and how they are utilized by companies.

The Accounting Equation and Financial Statements

This course explores the accounting equation that stands at the core of double entry accounting: Assets = Liabilities + Shareholder Equity.

Bank Reconciliations, Cash, and Internal Controls

This course discusses the basic concepts of internal controls, including the main objectives of controls.

Accounts Receivable Training: Bad Debts

This course presents the proper accounting for receivables and related issues surrounding uncollectible accounts/bad debts.

Equipment and Depreciation

This course presents the proper accounting for equipment and depreciation.

Inventory Costing

This course presents the basic concepts of inventory costing under the FIFO, LIFO and Average Cost systems, along with examples of each.

Purchase and Sale of Inventory

This course explains accounting for inventory in merchandising companies.

The Adjusting Process

This course covers the accounting period adjusting process, including its place in the accounting cycle.

The Closing Process

This course describes the annual closing process, including its place in the accounting cycle.