After completing this course, you should be able to:

Identify the daily tasks and procedures involved with bookkeeping
Define inventory systems and the steps needed to issue financial statements
Recall the methods for managing credits and collections
List the steps involved in accounts payable and recordkeeping
Describe the fundamentals of mastering internal controls and fraud prevention
Price: $2,695.00


    Quantity:
    Are you well organized? Do you like working with official papers and enjoy seeing a set of figures add up properly? If so, Professional Bookkeeping could be the career for you! Every business, no matter how large or small, must “keep books” and as organizations increase and financial regulations become stricter, there is a greater demand for Professional Bookkeepers. Our Professional Bookkeeping course will cover the multitude of areas that a bookkeeper may address during the work day - how to handle payroll, purchases, billings, cash, fixed assets, inventory, and create financial statements.
    Professional Bookkeeping Module 1
    Setting Up Your Accounting System

    Bookkeeping and Accounting Basics
    Chart of Accounts
    Debits vs. Credits
    Double-Entry Accounting
    Using Journal Entries and Ledgers
    Choosing an Accounting Method
    Cash and Accrual Basis
    Professional Bookkeeping Module 2
    Recording Accounting Transactions

    Business Transactions
    Managing Bookkeeping and Accounting System
    End-of-Period Procedures
    Tracking Purchases
    Tracking Inventory
    Collecting on Cash Sales
    Processing Employee Payroll and Benefits
    Taxing Payrolls
    Professional Bookkeeping Module 3
    Adjusting and Closing Entries

    Depreciating Your Assets
    Paying and Collecting Interest
    Proving Out the Cash
    Closing Cash Journals
    Reconciling Accounts and Closing Journal Entries
    Checking Your Accuracy
    Working with Trial Balance
    Developing a Financial Statement Worksheet
    Adjusting the Books
    Professional Bookkeeping Module 4
    Preparing Income Statements and Balance Sheets

    Origins of Accounting Standards
    Understanding the Nature of Profit
    Preparing Income Statements Related to Profit
    Assessing the Balance Sheet’s Asset Section
    Accounting for Liabilities
    Keeping Current Liabilities Under Control
    Capital Stock
    Coupling the Income Statement and Balance Sheet
    Professional Bookkeeping Module 5
    Reporting on Financial Statements

    Clarifying the Values of Assets in Balance Sheets
    Introducing Business Valuation
    Cash Flows and Changes in Equity
    Difference Between Cash and Profit
    Analyzing Financial Statements
    Explanatory Notes and Disclosures
    Reports to Shareholders
    Professional Bookkeeping Module 6
    Planning and Budgeting for Business

    Incorporating Your Business
    Choosing a Legal Structure for a Business
    Outlining a Basic Business Plan
    Budgeting Basics
    Budgeting with Cash or Accrual Accounting
    Long-Term Obligations
    Professional Bookkeeping Module 7
    Business Decisions

    Estimating Costs with Job Costing
    Performing Activity-Based Costing
    Examining Contribution Margins
    Accounting for Change with Variance Analysis
    Smart Pricing Decisions
    Financial Formulas
    Professional Bookkeeping Module 8
    Cash and Purchasing

    Identifying Costs and Matching Costs with Revenue
    Satisfying the Matching Principle
    Inventory Cost Flow Assumptions
    Inventory Types
    Incremental and Opportunity Costs
    Interpreting Financial Results
    Reviewing Profit and Earnings
    Maximizing Business Value
    Professional Bookkeeping Module 9
    Auditing and Detecting Financial Fraud

    Sarbanes-Oxley Regulation
    Preventing Cash Losses from Embezzlement and Fraud
    Assessing Audit Risk
    Collecting and Documenting Audit Evidence
    Auditing a Client’s Internal Controls
    Five Components of Internal Controls
    Common Fraud Schemes
    Financial Statement Fraud
    **Outlines are subject to change, as courses and materials are updated.**
    WE is committed to being both environmentally conscious and making it easier for you to study! We’re making your education mobile! All of our textbooks are now provided as eTextbooks. You can access them on your laptop, tablet, or mobile device and can study anytime, anywhere.

    The move away from physical books to eTextbooks means you get the latest, most up-to-date version available. This also makes your training more accessible, so you can study anywhere you have your phone or tablet. The best part is that all materials are included in your training cost so there are NO extra fees for books!

    Internet Connection

    Broadband or High-Speed - DSL, Cable, and Wireless Connections
    *Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.

    Hardware Requirements

    Processor - 2GHz Processor or Higher
    Memory - 1 GB RAM Minimum Recommended


    PC Software Requirements

    Operating Systems - Windows 7 or higher
    Microsoft Office 2013 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
    Internet Browsers - Google Chrome is highly recommended
    Cookies MUST be enabled
    Pop-ups MUST be allowed (Pop-up Blocker disabled)
    The Kindle Reader App or VitalSource Bookshelf App are needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
    PowerPoint Viewer (if you do not have PowerPoint)
    Adobe PDF Reader
    QuickTime, Windows Media Player &/or Real Player


    MAC Software Requirements

    Operating Systems - Mac OS x 10 or higher with Windows
    Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
    Internet Browsers- Google Chrome is highly recommended
    Cookies MUST be enabled
    Pop-ups MUST be allowed (Pop-up Blocker disabled)
    The Kindle Reader App or VitalSource Bookshelf App are needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
    PowerPoint Viewer (if you do not have PowerPoint)
    Adobe PDF Reader
    Apple QuickTime Media Player
    Upon successful completion of our Professional Bookkeeping course, students will be prepared, in part, to sit for the AIPB Certified Bookkeeper exam. Candidates must also submit proof of at least two years of full time or 3,000 hours of part-time work experience before or after taking the exam. Candidates have 3 years from the exam date to fulfill this requirement.
    **Certification exams are not included in the cost of the course.**
    This class is an independent-study course. Students will have all the resources needed to successfully complete the course within the online material. A student helpdesk is available for technical support during the course enrollment.

    Product Type:
    Course
    Course Type:
    Career Training Program
    Level:
    Beginner
    Language:
    English
    Hours:
    270
    Duration:
    12 months
    Avg Completion:
    6 Months

      Get the support you need, when you need it

        • Our admissions advisors will help you identify career paths, accredited colleges, and funding solutions
        • Customer & Technical Support is available throughout your course experience via Live Chat, Phone, Email, and Text
        • Office hours are Monday through Friday, 8-5pm CT

      Stay on track to reach your completion goal

        • Scheduling and Time Management assistance tailored just for you
        • Active reminder notifications about important deadlines in your class
        • Join giveaway raffles for achieving course milestones

      Become Job-Ready: Career Training Programs ONLY

        • Take advantage of real-world experience outside of the classroom with an employer-based externship program
        • Work with a career counselor to schedule your certification exam (if applicable)
        • Complete an employer-ready resume with a career coach
        • Participate in live mock interviews and job guidance sessions

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