Free Online Business Accounting Course

This free online business accounting course teaches you the basics of professional bookkeeping. In this course you will be introduced to accounting and business, the account equation, and the preparation of a worksheet. You will learn how to analyze transactions, enter information, and adjust entries and summaries. You will also study financial statements, the fiscal year, the process of completing the accounting cycle, and more.

What You Will Learn In This Free Course

Professional Bookkeeper Introduction

In this module, Professional Bookkeeper Introduction, students will learn the basics of bookkeeping in the professional environment.; Module

Introduction to Accounting and Business

In this module, Introduction to Accounting and Business, students will get an introduction to accounting and business. We will start by defining a business. Students will then learn about ethics in accounting, making sure that all bookkeeping is kept up to date and above board. The module then wraps up by covering GAAP; the generally accepted accounting principles.

The Accounting Equation

In this module, The Accounting Equation, students will take a look at the accounting equation. Students will learn about conducting business transactions as a business accountant. Finally, this module will wrap up teaching students about financial statements. By the end of this module, students will have a basic understanding of the accounting equation.

Analyzing Transactions

In this module, Analyzing Transactions, students will learn about the process of analyzing transactions. Students will begin by learning about the accounting equation and transactions. Next, this module takes a look at the double-entry system and journalizing transactions. Finally, we wrap up with a demo that takes a deeper look at journal entries.

Entering Information – Posting Entries

In this module, Entering Information – Posting Entries, students will learn about entering information and posting entries. This module begins with posting entries, the trial balance, and finding errors using horizontal analysis. It then wraps up with two demos to take a deeper look at the horizontal trend, one for the balance sheet and one for the income statement.

Adjusting Process

In this module, the Adjusting Process, students will learn about the adjusting process. The adjustment process allows bookkeepers to make adjustments to the accounts to ensure all revenue and the applicable expenses are recorded in the period. By the end of this module, students will have a better understanding of the purpose of the adjusting process.

Adjusting Entries

In this module, Adjusting Entries, students will learn about the process of adjusting entries. We will start by taking a look at the prepaid expenses of a business. Then students will learn about the accrued revenues of businesses. The module then wraps up discussing depreciation expense in business.

Adjustment Summary

In this module, Adjustment Summary, students will learn about the adjustment summary. This module will give a review of the adjustment summary. We will then take a look at the process of vertical analysis. Finally, this module wraps up with a demo where students will take a deeper look at the vertical analysis.

Preparing a Worksheet

In this module, Preparing a Worksheet, students will learn about the process of preparing a worksheet.; Module

Financial Statements

In this module, Financial Statements, students will learn about types of financial statements. In the first topic, we will take a look at the income statement. Next, students will take a look at definitions of financial statements. Upon completing this module, students will have an understanding of financial statements.

Completing the Accounting Cycle

In this module, Completing the Accounting Cycle, students will learn about completing the accounting cycle. Students will take a look at temporary accounts and learn how they compare with permanent accounts. By the end of this module, students will be able to understand completing the accounting cycle.

The Accounting Cycle Illustrated

In this module, The Accounting Cycle Illustrated, students will look at an illustration of the accounting cycle. The accounting cycle consists of ten steps, of which the first five will be introduced in the first topic. Students will then learn about steps six through ten in the second topic, covering all ten steps in the accounting cycle.

Fiscal Year

In this module, Fiscal Year, students will learn about the fiscal year. A fiscal year breaks into quarters and in this module, students will take a look at what those quarters of a fiscal year are and how they are used to plan for business finances and expenses. Understanding the fiscal year is key to business accounting.

Spreadsheet Exercise

In this module, Spreadsheet Exercise, students will learn to create a worksheet to help in staying organized with business accounting. In a seven-step exercise, students will learn to create a worksheet to organize the information needed in a helpful manner in regard to business accounting.

Course assessment