Business and Professional Accounting Professional 270 Hours Beginner English Overview Syllabus Objectives Requirement Certification Features Any successful business owner can tell you that proper accounting is one of the most important aspects of their entire organization. Proper accounting is essential to the effective functioning and success of any small business and the leadership teams in these companies depend entirely on their accounting staff to track and report the overall health of the company from day to day, quarter to quarter and year to year. Staff who understanding how to calculate the essential accounting data for a company have the skills to properly advise leadership on the business decisions they need to make. Apart from the CPA who prepares the formal tax filings, the skills students gain from this Accounting Professional Program, offered by our accredited school partners, will ensure the student is prepared for an entry-level accounting position with any small business or effectively assist on a sophisticated accounting team.. Students who complete the Accounting Professional Program will have the skills necessary for success in these positions starting from day one on the job! Enroll through one of our accredited university or college partners today! Principles of Accounting Level 1 Module 1 Role of Accounting in Society • Difference Between Financial and Managerial Accounting • Users of Accounting Information • Typical Accounting Information • Identifying, Recording, and Reporting • Importance to Business Stakeholders Principles of Accounting Level 1 Module 2 Introduction to Financial Statements • Income Statement • Owner’s Equity • Balance Sheet • Cash Flows • Current and Noncurrent Assets • Current and Noncurrent Liabilities • Revenues • Expenses Principles of Accounting Level 1 Module 3 Analyzing and Recording Transactions • Financial Statements • Expanded Accounting Equation • Analyzing Transactions • Recording Transactions • T-Accounts • Trial Balance Principles of Accounting Level 1 Module 4 The Adjustment Process • Concepts Affecting Adjusting Entries • The Need for Adjusting Entries • Types of Adjusting Entries • Ledger Balances • Accruals • Adjusted Trial Balance Principles of Accounting Level 1 Module 5 Completing the Accounting Cycle • Closing Entries • Journaling and Posting Closing Entries • Post-Closing Trial Balance • Cash Basis vs. Accrual Basis Accounting • The Classified Balance Sheet • Evaluating Liquidity Principles of Accounting Level 1 Module 6 Merchandising Transactions • Merchandising Transactions vs. Service Transactions • Characteristics of Merchandising Transactions • Characteristics of Sales Transactions • Characteristics of Perpetual and Periodic Inventory Systems • Pros and Cons of Inventory Systems • Purchase Transaction Journal Entries • Sales Transaction Journal Entries • Freight-In Methods Principles of Accounting Level 1 Module 7 Accounting Information Systems • Manual and Computerized Accounting Information Systems • Inputting/Entering Data • Processing Data • Output: Presenting Information • Storing Data • Special Journals and Importance to Stakeholders • Subsidiary Ledgers Principles of Accounting Level 1 Module 8 Fraud, Internal Controls, and Cash • Analyze Fraud in the Accounting Workplace • The Role of Internal Controls • Sarbanes-Oxley Act • Internal Controls within an Organization • Petty Cash Fund • Preparing Petty Cash Journal Entries • Management Responsibilities for Maintaining Internal Controls • Bank Reconciliation • Fraud in Financial Statements Principles of Accounting Level 2 Module 1 Accounting for Receivables • Revenue Recognition Principle • Fundamentals of Bad Debt Expenses and Allowances for Doubtful Accounts • Efficiency of Receivables Management • Receivables Ratios • Earnings Management • Long-Term Projects • Notes Receivable vs. Accounts Receivable Principles of Accounting Level 2 Module 2 Inventory • Fundamentals of Inventory • Periodic Inventory Method • Four Basic Inventory Valuation Methods • Cost of Goods Sold • Ending Inventory Using the Period Method • Ending Inventory Using the Perpetual Method • Impact of Inventory Valuation Errors on Income Statement and Balance Sheet Principles of Accounting Level 2 Module 3 Long-Term Assets • Distinguish Between Tangible and Intangible Assets • Patents • Capitalized Costs vs. Expenses • Fundamentals of Depreciation • Fundamentals of Intangible Assets • Special Issues for Long-Term Assets Principles of Accounting Level 2 Module 4 Current Liabilities • Fundamentals of Current Liabilities • Analyze, Report, and Journal Current Liabilities • Contingent Liabilities • Short-Term Notes Payable • Recording Transactions Incurred in Preparing Payroll Principles of Accounting Level 2 Module 5 Long-Term Liabilities • Pricing of Long-Term Liabilities • Types of Long-Term Funding • Effective-Interest Method • Life Cycle of Bonds • Bonds Payable Principles of Accounting Level 2 Module 6 Corporation Accounting • Organization of a Corporation • Advantages of the Corporate Form • Typical Common Stock Transactions • Nature and Purposes of Dividends • Owners’ Equity vs. Retained Earnings • Earnings per Share Principles of Accounting Level 2 Module 7 Partnership Accounting • Characteristics of a Partnership • Disadvantages of Organizing as a Partnership • Types of Partnerships • Dissolution of a Partnership • Creation of a Partnership • Allocation of Income and Loss • Admission of New Partner • Fundamentals of Partnership Dissolution Principles of Accounting Level 2 Module 8 Statement of Cash Flows • Approaches to Preparing the Statement of Cash Flows • Operating, Investing, and Financing Activities • Indirect Method • Assessing Liquidity • Solvency • Free Cash Flow 6 Reasons to Complete Your Training With Us Flexibility With our programs, you can learn and study at your own pace with access 24/7/365 for the duration of your program. This means you can learn on your own terms and work around your own schedule. Support Our online training comes with access to real, live support personnel that will help you through every step from our admissions adviser who will assist you with selecting the right training for you, to our student adviser who will be there with you during your entire training journey. Relevancy We have tailored our programs to provide comprehensive training in the technical and soft skills employers are looking for. With direct input and feedback from industry leaders and hiring managers, our program aligns with exactly what you need to successfully enter the workforce. Certification Our career training not only gives you the knowledge you need but preparation for the certification exams relevant to your desired career path. If you are pursuing an exciting new career in a field with a national certification, our program will both prepare you to sit for the exam but will often include a voucher for the exam cost. Simulations and Case Studies Our training programs have been developed with real learners and professionals in mind, so our programs incorporate real-world case studies and virtual simulations that will provide examples and interactions with real-life situations you may encounter during your career. These allow you to learn by experience with circumstances similar to what will be your daily responsibilities on the job. Engaging and Interactive Our training curriculum was developed with you in mind, looking at modern day learners and their needs. Our curriculum contains a mix of formats including reading, listening, watching, and interacting that will immerse you into a fun and engaging learning experience you will not only enjoy but not want to end. Program Description Description Audience Learning Objectives Support Description Completion Time Any successful business owner can tell you that proper accounting is one of the most important aspects of their entire organization. Proper accounting is essential to the effective functioning and success of any small business and the leadership teams in these companies depend entirely on their accounting staff to track and report the overall health of the company from day to day, quarter to quarter and year to year. Staff who understanding how to calculate the essential accounting data for a company have the skills to properly advise leadership on the business decisions they need to make. Apart from the CPA who prepares the formal tax filings, the skills students gain from this Accounting Professional Program, offered by our accredited school partners, will ensure the student is prepared for an entry-level accounting position with any small business or effectively assist on a sophisticated accounting team.. Students who complete the Accounting Professional Program will have the skills necessary for success in these positions starting from day one on the job! Enroll through one of our accredited university or college partners today! This course is for anyone who would like a firm grasp of the foundations and practical applications of professional accounting. FAQ How do I request more information about a course? To request more information, you can contact us via online chat, our website contact form, or toll free at 1-855-201-6910. What is the difference between online courses and classroom courses? Online courses are accessible 24/7/365 and self-paced, allowing you to progress at your own pace on your own schedule. They can be taken from anywhere in the world from the comfort of your own home. Classroom courses have a set schedule of the days and times the courses will be held, and you must attend during those specific times. I’m not sure if I will be able to successfully take on online course, what should I do? Find out if online learning is right for you by contacting our team of registration advisers. Our team is available to answer any of your questions about taking an online course before you commit to enrolling. We will walk you through what to expect to ensure you are making the right decision. You can contact a registration adviser today via online chat, our website contact form, or toll free at 1-855-201-6910. Do I need a degree or high school diploma to take an online course? No, you are not required to have a diploma or higher education degree to enroll in an online course. However, some occupations may require minimum educational thresholds for employment or certification. For more information on your desired career requirements, please contact us via online chat, our website contact form, or toll free at 1-855-201-6910. What do I need to take an online course? To take an online course, you will need to have access to an internet connection and an internet ready device such as a laptop, PC, or tablet. For course specific requirements, please visit the course page or contact a registration adviser today. What format will my online course be in? Our courses are developed with multiple formats including text, audio, video, and interactivity. Our courses also include multiple resources and tools which can include flashcards, games, activities, and more. Do I have to be local to take a course? No, you can take the online courses from anywhere in the world. Do you offer or accept any financial assistance options? We participate in several financial assistance options including third party funding, both military and non-military. To request more information on the financial assistance options available and check your eligibility, contact us via online chat, our website contact form, or toll free at 1-855-201-6910. What does the course duration mean? Duration is the amount of time you will receive access to your course. Durations vary by course and range between 1 month and 12 months. If you complete your course before your duration ends you will continue to have access to your course until the duration period ends. What does “Certification Voucher Included” mean? Many of our career training programs include certification vouchers. This means that at the successful completion of your course, at no additional charge, you will receive an exam voucher for the corresponding industry certification. This voucher will allow you to register and sit for the appropriate certification exam to obtain your industry credential. When will I start my course? Our online courses are open enrollment, so you can start immediately. If you are using any third-party funding to cover your course tuition, your start date may be a future date determined by your funding program. What type of support will I receive during my course? Once enrolled, you will be assigned a client adviser who will provide you with customer and technical support. Your client adviser will supply you with your course access information, any needed materials, and be available to answer any questions you have during your training experience. They will regularly check-in with you to monitor your progress and assist you with staying on track. You will also be assigned to a course mentor who will provide curriculum support throughout your training. Your mentor is available to answer any questions you have on your course curriculum, will monitor your progress and understanding of the curriculum, and may give assignments or quizzes. Who do I contact if I cannot access my course? If you experience any trouble accessing your course including technical issues or lost login credentials, please contact your client adviser at helpdesk@worldeducation.net. Who do I contact if I need an extension? Our goal for students is to successfully complete their training course and achieve their career goals. We understand that extenuating circumstances can interfere with your ability to complete your course in the duration given. Because of this we have free or low-cost extensions available for our courses upon request. To discuss or request an extension please contact your client adviser at helpdesk@worldeducation.net. What do I receive when I complete my course? Upon successful completion of your course and fulfillment of any outstanding financial obligations, you will receive your certificate of completion. Certificates are provided to you within 30 days of completion. Your certificate will validate the training course you completed with a stamp of completion. Will I receive any job search assistance or externship opportunity after I finish my course? Students that successfully complete our career training programs are assigned a career development adviser who will coordinate placement at a local externship or hands on opportunity. These opportunities are optional and may vary based on availability and occupation. Your career development adviser will also provide job search services such as: resume building, mock interviews, job opportunity resources, and more. Our professional enrichment courses do not come with a career adviser or career services. $2,495.00 Enroll Now Overview Ready to dive in? 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