Intro to Bookkeeping
Master the fundamentals of bookkeeping, from basic principles to practical applications, and gain the skills to manage financial records effectively.
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Bookkeeping Basics and the Accounting Equation
Unit 1: Understanding Bookkeeping Fundamentals
What is Bookkeeping?
Bookkeeping Cycle Intro
Source Documents
Chart of Accounts
Debits and Credits
Unit 2: The Accounting Equation
Equation: Assets
Equation: Liabilities
Equation: Equity
Balancing the Equation
Equation Examples
The Double-Entry System and Journal Entries
Unit 1: Understanding the Double-Entry System
Intro to Bookkeeping
Accounting Equation
Debits and Credits
Normal Balance of Accts
Chart of Accounts Basics
Unit 2: Recording Transactions with Journal Entries
Journal Entry Basics
Journalizing Process
Journalize Sales
Journalize Purchases
Journalize Payments
The General Ledger and Trial Balance
Unit 1: Understanding the General Ledger
Intro to the Ledger
Chart of Accounts
Posting Journal Entries
Ledger Account Formats
Balance Maintenance
Unit 2: Preparing the Trial Balance
Trial Balance: Intro
Extracting Balances
Debit/Credit Equality
Trial Balance Formats
TB Limitations
Financial Statements and Advanced Bookkeeping Concepts
Unit 1: Financial Statements: Income Statement
Income Statement Basics
Revenue Recognition
Cost of Goods Sold (COGS)
Operating Expenses
Net Income Calculation
Unit 2: Financial Statements: Balance Sheet
Balance Sheet Basics
Assets: Current Assets
Assets: Non-Current Assets
Liabilities & Equity
Balance Sheet Equation
Unit 3: Financial Statements: Cash Flows
Cash Flow Statement
Operating Activities
Investing Activities
Financing Activities
Statement Analysis
Unit 4: Inventory Accounting Methods
Inventory Basics
FIFO Method
LIFO Method
Weighted Average Method
Method Comparison
Unit 5: Depreciation Methods
Depreciation Basics
Straight-Line Method
Declining Balance
Units of Production
Method Selection
Unit 6: Payroll Calculations
Payroll Basics
Gross Pay Calculation
Payroll Deductions
Net Pay Calculation
Payroll Compliance
Bookkeeping Best Practices and Technology
Unit 1: Bookkeeping Principles and Applications
Bookkeeping Principles
Real-World Scenarios
Case Study: Retail
Case Study: Service
Case Study: Restaurant
Unit 2: Accuracy, Organization, and Decision-Making
Accurate Records
Organized Records
Decision Making
Tax Compliance
Audit Trails
Unit 3: Bookkeeping Software and Internal Controls
Software Options
QuickBooks
Xero
Internal Controls
Preventing Fraud
Unit 4: Data Security, Privacy, and Current Trends
Data Security
Data Privacy
Cloud Solutions
Automation
Future Trends