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Accounting All-In-One For Everyone

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(ACCOUNTS.AE1) / ISBN : 978-1-64459-449-0
This course includes
Lessons
Hands-On Labs
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About This Course

Our all-in-one accounting course is your door to the world of finance. Whether you’re a budding entrepreneur, a student looking to enhance your career prospects, or simply curious about how businesses manage their money, this course will meet your needs. From the fundamentals of debits and credits to preventing financial fraud, we’ll develop and polish your skills to easily navigate the financial world.

Skills You’ll Get

  • Interpret and analyze income statements, balance sheets, and cash flow statements to assess a company’s financial health 
  • Take the steps involved in the accounting cycle, from recording transactions to preparing financial statements 
  • Learn the principles of double-entry accounting, ensuring that financial records are accurate and balanced 
  • Calculate and interpret various financial ratios to assess a company’s liquidity, solvency, efficiency, and profitability
  • Understand tax laws and regulations to be able to calculate and file taxes accurately
  • Calculate product costs, including direct materials, direct labor, and overhead 
  • Create financial models to forecast future financial performance and evaluate business scenarios

Interactive Lessons

52+ Interactive Lessons | 70+ Exercises | 258+ Quizzes | 255+ Flashcards | 255+ Glossary of terms

Hands-On Labs

22+ LiveLab | 22+ Video tutorials | 43+ Minutes

Video Lessons

11+ Videos | 02:06+ Hours

1

Introduction

  • About This Course
  • Where to Go from Here
2

Accounting for the Basics

  • Knowing What Bookkeeping and Accounting Are All About
  • Wrapping Your Brain around the Accounting Cycle
  • Working the Fundamental Accounting Equation
3

Charting Your Accounts

  • Navigating the Chart of Accounts
  • Setting Up Your Chart of Accounts
  • Giving Credit (Or Is It Debit?)
  • Understanding Double-Entry Accounting
4

Using Journal Entries and Ledgers

  • Keeping a Journal
  • Bringing It All Together in the Ledger
  • Putting Accounting Software to Work for You
5

Choosing an Accounting Method

  • Choosing Your Method
  • Sorting through Standards for Other Types of Accounting
6

Setting the Standards

  • Exploring the Origins of Accounting Standards
  • Recognizing the Role of the American Institute of Certified Public Accountants
  • Checking Out the U.S. Securities and Exchange Commission
  • Getting to Know the Financial Accounting Standards Board
  • Grasping Accounting Standards Around the Globe
7

Keeping the Books

  • Analyzing the Effect of Business Transactions
  • Managing Your Bookkeeping and Accounting System
  • Wrapping Up with End-of-Period Procedures
8

Tracking Purchases

  • Keeping Track of Inventory
  • Buying Supplies
  • Handling Billing and Payables
9

Tallying Your Sales

  • Collecting on Cash Sales
  • Selling on Credit
  • Proving Out the Cash Register
  • Tracking Sales Discounts
  • Recording Returns and Allowances
  • Monitoring Accounts Receivable
  • Accepting Your Losses
10

Processing Employee Payroll and Benefits

  • Staffing Your Business
  • Collecting Employee Taxes
  • Determining Net Pay
  • Surveying Your Benefits Options
  • Preparing Payroll and Posting It in the Books
  • Depositing Employee Taxes
11

Taxing Payrolls

  • Paying Employer Taxes on Social Security and Medicare
  • Completing Unemployment Reports and Paying Unemployment Taxes
  • Carrying Workers’ Compensation Insurance
  • Maintaining Employee Records
12

Depreciating Your Assets

  • Appreciating Depreciation
  • Comparing Depreciation Options
  • Tackling Taxes and Depreciation
13

Interesting Rates

  • Deciphering Types of Interest
  • Handling Interest Income
  • Delving into Loans and Interest Expenses
14

Proving Out Cash

  • Making Sure That Ending Cash Is Right
  • Closing the Cash Journals
  • Using a Temporary Posting Journal
15

Reconciling Accounts and Closing Journal Entries

  • Reconciling Bank Accounts
  • Prepping to Close: Checking for Accuracy and Tallying Things Up
  • Posting to the General Ledger
  • Checking Out Computerized Journal Records
16

Checking Your Accuracy

  • Working with a Trial Balance
  • Testing Your Balance by Using Computerized Accounting Systems
  • Developing a Financial Statement Worksheet
  • Replacing Worksheets with Computerized Reports
17

Adjusting the Books

  • Adjusting All the Right Areas
  • Testing an Adjusted Trial Balance
18

Stating Your Income

  • Understanding the Nature of Profit
  • Choosing the Income-Statement Format
  • Deciding What to Disclose in the Income Statement
  • Examining How Sales and Expenses Change Assets and Liabilities
  • Considering the Diverse Financial Effects of Making a Profit
  • Reporting Extraordinary Gains and Losses
  • Correcting Common Misconceptions about Profit
19

Balancing Your Sheets

  • Homing in on Historic Cost
  • Discovering What Makes an Asset Current
  • Exploring the Asset Section of the Balance Sheet
20

Digging for Debt in the Balance Sheet

  • Seeing How Businesses Account for Liabilities
  • Keeping Current Liabilities under Control
  • Planning for Long-Term Obligations
  • Accounting for Bond Issuances
21

Explaining Equity

  • Understanding How Owner Equity Varies among Business Entities
  • Distinguishing between Two Types of Capital Stock
  • Defining Paid-In Capital
  • Recording Retained Earnings
  • Spotting Reductions to Stockholders’ Equity
  • Exploring Stock Splits
  • Computing Earnings per Share
22

Interpreting Income Statements and Balance Sheets

  • Rejoining the Income Statement and Balance Sheet
  • Introducing Operating Ratios
  • Adding Fixed Assets, Depreciation, and Owners’ Equity
  • Completing the Balance Sheet with Debt
23

Valuating Finances

  • Clarifying the Values of Assets in Balance Sheets
  • Introducing Business Valuation
  • Comparing Business Valuation Methods
24

Watching Cash Flow and Equity

  • Understanding the Difference between Cash and Profit
  • Flowing Through Cash Transactions
  • Navigating the Three Flows
  • Preparing the Statement of Cash Flows
  • Interpreting the Statement of Cash Flows
  • Stating Changes in Stockholders’ Equity
25

Analyzing Financial Statements

  • Judging Solvency and Liquidity
  • Driving the Balance Sheet
  • Measuring Profitability
  • Exploring Activity Measures
  • Comparing Horizontal and Vertical Analysis
  • Using Common Size Financial Statements
26

Explaining Disclosures

  • Questioning Self-Governance
  • Identifying Corporate Characteristics
  • Reviewing Common Explanatory Notes
  • Putting the Onus on the Preparer
27

Sharing Public Reports

  • Differentiating between Private and Public Companies
  • Finding Purpose in Reports
  • Reading the Annual Report to Shareholders
  • Walking through Form 10-K
28

Looking at the Legals

  • Surveying Structures
  • Going It Alone: Sole Proprietorships
  • Choosing the Right Legal Structure for Income Tax
29

Incorporating Your Business

  • Securing Capital: Starting with Owners
  • Recognizing Legal Roots
  • Incorporating a Business
30

Drawing Up a Business Plan

  • Outlining the Basic Business Plan
  • Developing a Business Plan
  • Incorporating Third-Party Information into Your Plan
31

Budgeting for a Better Bottom Line

  • Brushing Up on Budgeting
  • Recognizing Factors That Affect Your Budgeting Process
  • Understanding Budgeting Basics
  • Reviewing Revenue and Production Budgets
32

Mastering Budgeting Strategies

  • Budgeting with Cash or Accrual Accounting
  • Budgeting to Produce the Income Statement and Balance Sheet
  • Flexing Your Budget: When Plans Change
33

Planning for Long-Term Obligations

  • Managing Long-Term Debt
  • Accounting for Bonds
34

Costing Jobs

  • Understanding How Job Costing Works
  • Taking a Closer Look at Indirect Costs by Using Normal Costing
  • Following the Flow of Costs through a Manufacturing System
35

Costing by the ABCs

  • Avoiding the Slippery Slope of Peanut Butter Costing
  • Designing an Activity-Based Costing System
  • Using Activity-Based Costing to Compute Total Cost, Profit, and Sale Price
36

Contributing to the Margin

  • Computing Contribution Margin
  • Preparing a Cost-Volume-Profit Analysis
  • Generating a Break-Even Analysis
  • Shooting for Target Profit
  • Setting a Margin of Safety
  • Measuring Operating Leverage
37

Accounting for Change with Variance Analysis

  • Setting Up Standard Costs
  • Understanding Variances
  • Teasing Out Variances
38

Pricing Wisely

  • Differentiating Products
  • Taking All Costs into Account with Absorption Costing
  • Pricing at Cost Plus
  • Accounting Extremes: Trying Variable-Cost Pricing
  • Hitting the Bull’s-Eye (Your Target Cost)
39

Formulating Equations

  • Analyzing Profitability
  • Using Assets Effectively
  • Evaluating Firm Liquidity
  • Checking on Company Solvency
  • Managing Projects and Debt
40

Matching Costs with Revenue

  • Defining Costs and Expenses in the Business World
  • Discovering Which Costs Are Depreciated
  • Preparing a Depreciation Schedule
  • Deciding When to Recognize Revenue
41

Exploring Inventory Cost Flows

  • Stating Inventory Valuation
  • Logging Inventory for Service Companies
  • Classifying Inventory Types
  • Knowing Inventory Valuation Methods
  • Preparing an Inventory Worksheet
42

Buying Wisely

  • Identifying Incremental and Opportunity Costs
  • Keeping Things Simple: The Cash Payback Method
  • Netting Present Value
  • Measuring Internal Rate of Return
  • Considering Qualitative Factors
43

Financing with Debt

  • Understanding the Basics of Debt Capital
  • Determining When Debt Is Most Appropriate
  • Using Loans, Leases, and Other Sources of Debt
  • Getting Creative with Capital
44

Managing Results

  • Approaching Financial Reports
  • Reviewing Profit and Earnings
  • Judging the Company’s Cash Position
  • Tackling Extraordinary Gains and Losses
  • Recognizing the Risks of Restatement
45

Acquiring New Business

  • Maximizing Business Value
  • Becoming a Team Player
  • Funding a Business Purchase
  • Working through Due Diligence
  • Coming to Terms with a Sale Price
46

Regulating Securities

  • Early Securities Laws
  • The Scope of SOX: Securities and Issuers
  • The Post-SOX Paper Trail
47

Preventing Cash Losses from Embezzlement and Fraud

  • Preventing Loss with Internal Controls
  • Putting Internal Controls to Work
  • Recognizing Limitations of Internal Controls
48

Assessing Audit Risk

  • Introducing Audit Risk
  • Recognizing the Nature of a Client’s Business: Inherent Risk
  • Assessing a Client’s Ability to Detect and Correct Problems: Control Risk
  • Figuring Your Chances of Overlooking Inaccuracies: Detection Risk
  • Following Risk Assessment Procedures
  • Figuring Out What’s Material and What Isn’t
  • Evaluating Your Audit Risk Results
49

Discovering Audits

  • Management Assertions: Assessing the Information a Client Gives You
  • Eyeing the Four Concepts of Audit Evidence
  • Applying Professional Judgment
  • Using Your Audit Program to Request the Right Evidence
  • Documenting the Audit Evidence
50

Auditing Internal Controls

  • Defining Internal Controls
  • Identifying the Five Components of Internal Controls
  • Determining When You Need to Audit Internal Controls
  • Testing a Client’s Reliability: Assessing Internal Control Procedures
  • Limiting Audit Procedures When Controls Are Strong
  • Tailoring Tests to Internal Control Weaknesses
  • Timing a Client’s Control Procedures
51

Scheming Scams

  • Frauds Committed by Businesses
  • Frauds Committed against Businesses
52

Cooking the Books

  • Exploring the Financial Statement Fraud Triangle
  • Spotting the Common Methods of Fraud
  • Uncovering Financial Statement Fraud

3

Charting Your Accounts

  • Understanding the Balance Sheet
4

Using Journal Entries and Ledgers

  • Understanding Journal, Ledger, and Trial Balance
8

Tracking Purchases

  • Calculating the Cost of Goods Sold Using the Weighted Average Method
  • Calculating the Cost of Goods Sold Using the FIFO Method
  • Calculating the Cost of Goods Sold Using the LIFO Method
9

Tallying Your Sales

  • Selling on Credit Sales
  • Understanding Cash Sales, Discount, and Sales Return
14

Proving Out Cash

  • Understanding the Double-Entry System
15

Reconciling Accounts and Closing Journal Entries

  • Reconciling Bank Accounts
16

Checking Your Accuracy

  • Working on the Trial Balance
17

Adjusting the Books

  • Depreciating the Asset
18

Stating Your Income

  • Understanding the Income Statement
  • Calculating the Net Income
20

Digging for Debt in the Balance Sheet

  • Calculating Working Capital
  • Calculating the Current Ratio
21

Explaining Equity

  • Calculating Total Liabilities and Owners' Equity
22

Interpreting Income Statements and Balance Sheets

  • Working with a Balance Sheet
24

Watching Cash Flow and Equity

  • Understanding the Cash Flow Statement
  • Preparing a Cash Flow Statement
37

Accounting for Change with Variance Analysis

  • Calculating Total Overhead
  • Understanding the Overhead Cost
43

Financing with Debt

  • Calculating the Debt-to-Equity Ratio

Any questions?
Check out the FAQs

Have doubts about our accounting course? Our FAQs provide clear and concise answers. Have a look.

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Our online accounting course is designed to be accessible to learners of all levels, with no specific prerequisites required.

Yes, you can access the course materials at your convenience. Also, you can access the content for one year after the completion of the course.

Our cost accounting course can enhance your career prospects in several ways. It can improve your financial literacy, open doors to new job opportunities, and increase your earning potential.

Completing this financial accounting course can open doors to various career paths, including: 

  • Bookkeeper 
  • Accounting clerk 
  • Financial analyst 
  • Tax preparer 
  • Budget analyst 
  • Financial advisor 
  • Entrepreneur

Yes, our accounting course provides the foundational knowledge to help you prepare for the CPA or CMA exams.

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