Enrollment limited. Internet access required. Materials required.
Bookkeeping and Accounting Essentials I
This introductory course is the first course in the Bookkeeping Essentials sequence and provides an overview of the essential skills needed to be a successful bookkeeper.
What you can learn.
- Learn the principles of double-entry bookkeeping, the basics of preparing financial statements, and how to analyze business transactions from an accounting standpoint
- Develop the skills to record entries in a general ledger, preparing end-of-period worksheets, financial statements, and adjust closing entries
- Understand how to account for cash, prepare a bank reconciliation, account for sales, cash receipts, purchases, cash payments, and merchandise inventory using weighted average, FIFO, and LIFO methods
- Receive a general overview of payroll accounting, employee earnings, and deductions, employer taxes and reporting, using the payroll register and journal entries
About this course:
This introductory course is the first course in the Bookkeeping Essentials sequence and provides an overview of the essential skills needed to be a successful bookkeeper. The course is ideal for bookkeepers and accountants who are early in their career or individuals considering a career transition. Students learn the principles of double-entry bookkeeping, the basics of preparing financial statements and how to analyze business transactions from an accounting standpoint. Topics include recording entries in a general ledger, preparing end-of-period worksheets and financial statements, and adjusting and closing entries accounting. Additional topics include accounting for cash; preparing a bank reconciliation; a general overview of payroll accounting; employee earnings and deductions; employer taxes and reporting; using the payroll register and journal entries; accounting for sales, cash receipts, purchases and cash payments; and accounting for merchandise inventory using weighted average, FIFO and LIFO methods.Fall 2024 Schedule
Winter 2025 Schedule
Enrollment limited. Internet access required. Materials required.
Course materials should be purchased directly form the Cengage website.
This course applies towards the following certificates & specializations…
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