Fundamentals of Accounting

140 Hours / 12 Months / Self-Paced

Course Overview:

This course will  provide an introduction to the concepts and uses of accounting in a business environment. The primary areas of study in this course include analysis of business transactions, recording procedures and the use of ledgers and journals, accounting for sales and purchases, managing cash, payroll, accruals and deferrals, and preparation and analysis of basic financial statements. After completing this course, students will have  solid understanding of business and financial accounting and its role in bookkeeping administration.

Upon successful completion of this course, participants will be able to:

  • Recognize accounting transactions and record them in journals using proper formats.
  • Use accounting software and spreadsheets to input, manage, and interpret information.
  • Apply the concepts of accrual accounting to transactions that span fiscal periods.
  • Record accounting transactions for merchandising operations and understand how to cost inventories using a variety of methods.
  • Journalize transactions specific to managing cash and accounts receivable.
  • Record transactions for uncollectible accounts.
  • Prepare financial statements including income statements, statements of retained earnings, balance sheets and statements of cash flow.
  • Create professional and accurate financial documents.

Course Outline:

Lesson 1: Introduction to Accounting

Lesson 2: Analyzing Business Transactions

Lesson 3: Recording Transactions

Lesson 4: Accounting for Sales and Purchases

Lesson 5: Payroll

Lesson 6: Accruals, Deferrals and the Worksheet

Lesson 7: Financial Statements and Closing Procedures

All necessary course materials are included.


System Requirements:

Internet Connectivity Requirements:
  • Cable and DSL internet connections are recommended.

Hardware Requirements:
  • Minimum Pentium 400 Mhz CPU or G3 Macintosh. 1 GHz or greater CPU recommended.
  • 256MB RAM minimum. 1 GB RAM recommended.
  • 800x600 video resolution minimum. 1025x768 recommended.
  • Speakers/Headphones to listen to Dialogue steaming audio sessions.
  • A microphone to speak in Dialogue streaming audio sessions.
Operating System Requirements:
  • Windows Vista, 7, 8, 8.1, 9, 10
  • Mac OSX 10 or higher.
  • OpenSUSE Linux 9.2 or higher.
Web Browser Requirements:
  • Google Chrome is recommended.
  • Firefox 13.x or greater.
  • Internet Explorer 6.x or greater.
  • Safari 3.2.2 or greater.
Software Requirements:
  • Adobe Flash Player 6 or greater.
  • Oracle Java 7 or greater.
  • Adobe Reader 7 or greater.
Web Browser Settings:
  • Accept Cookies
  • Disable Pop-up Blocker.


**Outlines are subject to change, as courses and materials are updated.**