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Accounting Basics online class curriculum

Our Accounting Basics online class curriculum presents basic accounting concepts. You will learn how to work through financial statements and accounting periods, manage a payroll, record inventory for merchandise management, deal with assets, and more. Plus, you will get an introduction to calculating stocks, bonds, and the internal accounting principles of various business structures.

Curriculum lessons

Lesson 1: Learning at Ashworth  

Introduction to distance education and Ashworth school policies; tips on effective study skills; examinations and assessment of student learning; an overview of 21st Century work and life skills.

Lesson 2: Concepts in Small Business and Self-Employment  

Evaluating your business idea; setting yourself apart from the competition; market testing; investment funding and donation funding; qualities of an entrepreneur; crowdfunding and angel investors.

Lesson 3: Basic Accounting Concepts  

This lesson provides an introduction to the standard concepts of accounting and a summary of the importance of accounting to business. The lesson also summarizes the ways in which accounting practices are regulated and the different types of business structures that require accounting services.

Lesson 4: The Accounting Equation and Financial Statements  

Students begin their mastery of accounting skills by learning and understanding the accounting equation and its application to all accounting operations. Lesson coverage also includes an introduction to common financial statements.

Lesson 5: T-Accounts, Debits and Credits  

The basic operations of the accounting process including the structure of the T-account and the recording of standard financial transactions in the form of credits and debits.

Lesson 6: Trial Balance and Introduction to the Accounting Cycle  

An introduction to the trial balance and to the accounting cycle; instruction is provided on journalizing and the recording of business transactions in a journal. Students will also learn the concept of posting and the use of posting to transfer information from a journal to a ledger.

Lesson 7: The Accounting Cycle: Adjusting  

In this lesson students learn procedures for how to create and prepare accounting adjustments and how to close out the accounting period.

Lesson 8: Banking and Cash Control  

Lesson coverage includes the use of internal controls to help protect assets and how bank statements act as a form of internal control. Students will also learn how cash control is used to safeguard assets and about bank reconciliation and how it can help a business stay solvent.

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Program description

Students will learn the basic concepts, formulas, and practices used by accountants to evaluate and manage common business practices. Program coverage includes mastery of the concepts of the accounting cycle and multiple applications of accounting practices to business operations like merchandising, inventory, payroll, and the tracking and management of business assets. Students will also learn accounting applications required for structuring of partnerships and corporations and how to create and evaluate financial statements as well as financial management of departments and manufacturing accounts.

Program graduates are prepared to take the National Bookkeepers Association (NBA) Uniform Bookkeeper Certification exam, leading to the Bookkeeper Certification designation.

Program objectives

After completing the Accounting Basics program, students will be able to:

  1. Describe the characteristics and ethical obligations of accounting professionals and outline the types of career opportunities available to those with the appropriate training and credentials in this field.
  2. Identify, define, and apply basic financial accounting and reporting concepts and terms in order to record the financial transactions of a business and to create accounting and technical communications that accurately communicate the effects of such transactions.
  3. Define Generally Accepted Accounting Principles (GAAP), explain the role of the Financial Accounting Standards Board (FASB) in the development and application of GAAP, and describe why it is important for companies to maintain compliance.
  4. Outline the accounting cycle and describe what happens during each step in this cycle, with a focus on the activities performed and the ledgers, accounts, and financial statements used by accounting professionals to record and communicate financial transactions.
  5. Identify the different forms that can be taken by business entities, such as sole proprietorships, partnerships, and corporations, and describe the specific accounting, taxation, and financial reporting issues that arise for each.

It all adds up to your career

Ashworth College API Program Name Career Diploma program help you develop the confidence you need to reach for your career goals because we integrate job search prep into your studies. With the online tools at the Ashworth College Connection Network, you’ll get step-by-step guidance as you create polished, professional resumes and letters. After you graduate, you’ll keep your Ashworth College Connection Network account so you can revisit the tools any time you need to make a good impression on a potential employer. Learn more about it at the Career Services page.

Advance your career in our online API Program Name program. Call 1-800-957-5412