Online Course Curriculum

Each phase contains a specific number of short study sections that are indexed. You can review the topics in each study sections by clicking on each phase listed below.

Phase I – Accounting Environment
Phase II – Accounting Principles
Phase III – Accounting Elements
Phase IV – Accounting Tools
Phase V – Accounting Practice Example
Phase VI – Accounting Analysis

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Phase I – Accounting Environment

1.1.0  Introduction to Real Life Accounting
1.1.1  A First Look at Financial Statements
1.1.2  The Balance Sheet
1.1.3  Statement of Income & Expense
1.1.4  Statement of Cash Flows
1.1.5  Financial Statements Summary
1.1.6  Segment 1.1 Conclusion
1.2.1  Standards & Statements
1.2.2  Accounting Standards
1.2.3  Reasons for Financial Statements
1.2.4  Segment 1.2 Conclusion
1.3.1  The Accounting Professional
1.3.2  Accounting Systems
1.3.3  Phase I Conclusion

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Phase II – Accounting Principles

2.1.1  Conceptual Framework I
2.1.2  Conceptual Framework II
2.1.3  Conceptual Framework III
2.1.4  Conceptual Framework IV
2.1.5  Segment 2.1 Conclusion
2.2.1  Rules of Operation [Revenue] Part I
2.2.2  Rules of Operation [Revenue] Part II
2.2.3  Rules of Operation [Revenue] Part III
2.2.4  Rules of Operation [Revenue] Part IV
2.2.5  Rules of Operation [Revenue] Part V
2.2.6  Revenue Rule Conclusion
2.3.1  Rules of Operation (Expense) Part I
2.3.2  Rules of Operation (Expense) Part II
2.3.3  Rules of Operation (Expense) Part III
2.3.4  Expense Rule Conclusion
2.4.1  Rules of Operation (Matching)
2.4.2  Matching Rule Conclusion
2.4.3  Rules of Operation (Conservatism)
2.4.4  Full Disclosure Rule & Phase II Conclusion

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Phase III – Accounting Elements

3.1.1  The Accounting Equation (Balance Sheet)
3.1.2  Definition of Assets
3.1.3  Asset Classifications
3.1.4  Current Assets
3.1.5  Fixed Assets & Depreciation
3.1.6  Definition of Liabilities
3.1.7  Current Liabilities
3.1.8  Long Term Liabilities
3.2.1  Equity in Sole Proprietorships
3.2.2  Equity in Partnerships
3.2.3  Equity in Corporations
3.2.4  Equity in Non-Profit Organizations
3.3.1  The Accounting Equation (Statement of Income & Expense)
3.3.2  Revenue Accounts
3.3.3  Cost of Sales Accounts
3.3.4  Operating Expense Accounts
3.3.5  Chart of Accounts
3.3.6  Phase III Conclusion

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Phase IV – Accounting Tools

4.1.1  The Accounting Model - Layer 1
4.1.2  The Accounting Model - Layer 2
4.1.3  The Accounting Model - Layer 3
4.1.4  Recording Asset Transactions
4.1.5  Recording Liability Transactions
4.1.6  Recording Equity Transactions
4.1.7  Recording Revenue Transactions
4.1.8  Recording Expense Transactions
4.1.9  The Test of Reasonableness
4.2.1  Inflow Tools
4.2.2  Sales Journal - Purpose
4.2.3  Sales Journal - Transaction
4.2.4  Sales Journal - Example
4.2.5  Cash Receipts Journal - Purpose
4.2.6  Cash Receipts - Ten Steps
4.2.7  Accounts Receivable Ledger - Purpose
4.2.8  Accounts Receivable - Transaction
4.2.9  Accounts Receivable - Formula
4.3.1  Cash Disbursements Journal
4.3.2  Cash Disbursements Journal Example
4.3.3  Purchase Journal
4.3.4  Accounts Payable Ledger
4.3.5  Accounts Payable Formula
4.3.6  General Journal
4.3.7  General Ledger
4.4.1  Bank Reconciliation
4.5.1  Bank Reconciliation Steps
4.6.1  Payroll
4.6.2  Working with Percentages
4.7.1  Cost of Goods Formula
4.7.2  Petty Cash
4.8.1  Depreciation Journal Entries
4.8.2  Disposition of Assets Journal Entries
4.8.3  Intangible Assets Journal Entries
4.8.4  Phase IV Conclusion

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Phase V – Accounting Practice Example

5.1.1  The Acquisition
5.2.1  Setting Up The Books - Part 1
5.2.2  Setting Up The Books - Part 2
5.3.1  January Cash Disbursements Journal
5.3.2  January Bank Reconciliation
5.3.3  January Bank Reconciliation Journal Entries
5.3.4  January Payroll Journal Entries
5.3.5  January Other Journal Entries
5.3.6  January Depreciation & Amortization
5.3.7  January Proving Your Work
5.4.1  February Cash Disbursements Journal
5.4.2  February Bank Reconciliation Deposit Journal Entry
5.4.3  February Bank Charges Journal Entry
5.4.4  February Payroll General Journal Entries
5.4.5  February Cost of Goods Sold General Journal Entries
5.4.6  February Accounts Payable Journal Entry
5.4.7  February Accounts Receivable Journal Entry
5.4.8  February Depreciation & Amortization
5.5.1  March Cash Disbursements Journal
5.5.2  March Payroll Journal Entries
5.5.3  March Bank Reconciliation Journal Entries
5.5.4  March Inventory Journal Entry
5.5.5  March Accounts Receivable Journal Entry
5.5.6  March General Journal Template
5.5.7  March - Prove Your Work
5.5.8  March - Correcting an Error
5.5.9  March - Correcting Journal Entry
5.5.10  March - Revised Financials
5.6.1  April Cash Disbursements Journal
5.6.2  April General Journal Entries
5.6.3  April - Prove Your Work
5.7.1  May Cash Disbursements Journal
5.7.2  May General Journal Entries
5.7.3  May - New Transactions
5.7.4  May - Prove Your Work
5.8.1  June Routine Procedures
5.8.2  June - Prove Your Work
5.8.3  June - Correcting Errors
5.8.4  June - Revised Financial Statements
5.9.1  July Routine Procedures
5.9.2  July - Prove Your Work
5.9.3  July - Summary
5.10.1  August Routine Procedures
5.10.2  August - Prove Your Work
5.11.1  September Routine Procedures
5.11.2  September - Prove Your Work
5.11.3  September - Correcting Errors
5.12.1  October Routine Procedures
5.12.2  October - Prove Your Work
5.12.3  October - Partnership Concerns
5.13.1  November - Incorporating
5.13.2  November Routine Procedures
5.13.3  November - Prove Your Work
5.14.1  December - Routine Procedures
5.14.2  December - New Transactions
5.15.1  Year End Closing Procedures
5.15.2  Depreciation Schedule
5.15.3  Verifying Fixed Assets
5.15.4  Verifying Balance Sheet Accounts
5.15.5  Year End Bonuses
5.15.6  Reconciling Payroll
5.15.7  Year End Documentation
5.15.8  Phase V Conclusion

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Phase VI – Accounting Analysis

6.1.1  The Maintenance
6.1.2  Vertical Analysis
6.1.3  Fixed and Variable Costs
6.2.1  Working with Ratios - Study Section 2
6.2.2  Horizontal Analysis
6.2.3  Record Retention
6.3.1  Course Conclusion