Course
Outline:
Module
One: Getting Started
·
Workshop Objectives
Module
Two: Basic Terminology (I)
·
Balance Sheet
·
Assets
·
Liabilities
·
Equity
·
Income Statement
·
Revenue
·
Cost of Goods Sold
·
Expenses
·
Accounting Period
·
Review
Module
Three: Basic Terminology (II)
·
Accounts Receivable
·
Accounts Payable
·
Depreciation
·
General Ledger
·
Interest
·
Inventory
·
Journals
·
Payroll
·
Trial Balance
·
Review
Module
Four: Accounting Methods
·
Cash Method
·
Accrual Method
·
Differences between Cash and
Accrual
·
Module Four: Review Questions
Module
Five: Keeping Track of Your Business
·
Accounts Payable
·
Accounts Receivable
·
The Journal
·
The General Ledger
·
Cash Management
·
Module Five: Review Questions
Module
Six: Understanding the Balance Sheet
·
The Accounting Equation
·
Double-Entry Accounting
·
Types of Assets
·
Types of Liabilities
·
Equity
·
Module Six: Review Questions
Module
Seven: Other Financial Statements
·
Income Statement
·
Cash Flow Statement
·
Capital Statement
·
Budget vs. Actual
·
Module Seven: Review Questions
Module
Eight: Payroll Accounting / Terminology
·
Gross Wages
·
Net Wages
·
Employee Tax Withholding’s
·
Employer Tax Expenses
·
Salary Deferrals
·
Employee Payroll
·
Employee Benefits
·
Tracking Accrued Leave
·
Government Payroll
Returns/Reports
·
Review
Module
Nine: End of Period Procedures
·
Depreciating Your Assets
·
Reconciling Cash
·
Reconciling Investments
·
Working with the Trial Balance
·
Bad Debt
·
Posting Adjustments and
Corrections
·
Module Nine: Review Questions
Module
Ten: Financial Planning, Budgeting and Control
·
Reasons for Budgeting
·
Creating a Budget
·
Comparing Budget to Actual
Expenses
·
Module Ten: Review Questions
Module
Eleven: Auditing
·
What is an Audit?
·
When and Why Would You Audit?
·
Internal
·
External
·
Module Eleven: Review Questions
Module
Twelve: Wrapping Up
·
Words from the Wise