Diploma in Effective Bookkeeping and Payroll

Principles

Description: In this module, Principles, students will learn about The eleven generally accepted accounting principles. They will also learn about The Accounting Equation. Students will also learn debit and credit rules in this module. The course will also provide and analysis on transactions a made by a company.

• Topic A - Introduction - GAAP
• Topic B - Transactions
• Assessment: Review Quiz

Overview of Internal Controls

Description: In this module, Overview of Internal Controls, students will learn about the need for internal controls. It will also cover principles of internal control. It module will also go over several control concepts. Students will also revive an overview of internal control. They will also learn about the audit process.

• Topic A - The Need for Internal Controls
• Topic B - Control Concepts
• Assessment: Review Quiz

Subsidiary Ledgers and Special Journals

Description: In this module, Subsidiary Ledgers and Special Journals, students will learn about subsidiary ledgers. Students will also learn about using special journals in this module. It will also go over posting sales journals at the end of the week. The module then covers cash receipts and posting cash receipts.

• Topic A - Subsidiary Ledgers
• Topic B - Special Journals - Posting Sales Journal
• Topic C - Special Journals - Posting Cash Receipts
• Assessment: Review Quiz

Reconciliations

Description: In this module, NAME OF MODULE, students will learn about what a reconciliation is. Students will also learn about reconciling items and unreconciled differences. The module will also go into detail about who should perform a reconciliation as well as who can review a reconciliation. It will also cover what a roll-forward analysis is.

• Topic A - Purpose
• Topic B - Reconciliation
• Topic C - Who Should Perform the Reconciliation?
• Assessment: Review Quiz

Correcting Entries

Description: In this module, Correcting Entries, students will learn about correcting entries and how to properly correct errors when bookkeeping. The module will provide examples on different kinds of mistakes that are made while bookkeeping. The module will also cover different methods for fixing these types of mistakes.

• Topic A - Correcting Entries
• Topic B - Corrections - The Wrong Account
• Assessment: Review Quiz

Sales Tax

Description: In this module, Sales Tax, students will learn about sales tax. The module will teach students about how to calculate sales tax. It will also cover recording transactions for sales tax. Students will also learn how to pay the collected taxes. It will also touch on the different rules when filing in each state.

• Topic A - Sales Tax
• Topic B - Sales Tax Rules and Filing
• Assessment: Review Quiz

Budgeting

Description: In this module, Budgeting, students will learn about budgeting for a company. The module will cover a business's strategic plan and it's impact in setting an annual budget. This includes budgeting strategies for smaller companies. Students will also learn about different types of budgets. It will also go into detail into a bookkeeper's role in budgeting.

• Topic A - All Businesses Must Have a Strategic Plan
• Topic B - Types of Budgets
• Assessment: Review Quiz

Accounting for Merchandising

Description: In this module, Accounting for Merchandising, students will learn about income from merchandising companies.Students will also learn about a merchandising Income statement. This module will also go into detail about when a credit note is issued to the customer. Students will also learn about calculating sales discounts.

• Topic A - Merchandising Income Statement
• Topic B - Sales Discounts
• Topic C - Purchase Discounts
• Assessment: Review Quiz

Accounting for Cash

Description: In this module,Accounting for Cash, students will learn about petty cash. This also includes accounting for petty cash. Students will learn about filling out a petty cash voucher as well as a petty cash journal. The module will also cover accounting for cash over or short. It will also go into detail on good cash control in a retail business.

• Topic A - Defining Petty Cash
• Topic B - Accounting for Cash Over or Short
• Topic C - Cash Controls - The Bank Reconciliation
• Assessment: Review Quiz

Payroll

Description: In this module, Payroll, students will learn about the payroll process. The topic will go into depth on gross pay for both hourly employees and salaried employees. Students will then learn about taxes and deductions in the payroll process. This also includes voluntary deductions and state tax rates.

• Topic A - The Payroll Process
• Topic B - Payroll Process - Deduction Tables
• Topic C - Payroll Process - Earnings Record
• Assessment: Review Quiz

Partnerships and Corporations

Description: In this module, Partnerships and Corporations, students will learn about business partnerships. Specifically the module will focus on accounting in a business partnership. This includes the process of admitting a new partner and the drawing account. Students will also learn about what happens in the event of a partner withdrawal or the unexpected death of a partner. Finally the module will cover stocks.

• Topic A - Partnership - The Partnership
• Topic B - Corporations
• Topic C - Preferred Stock
• Assessment: Review Quiz

Accounts Receivable and Bad Debts

Description: In this module, Accounts Receivable and Bad Debts, students will learn about accounts receivable. The module will also cover aging reports and the Balance sheet for accounts receivable. Students will also learn about bad debts. This includes writing off bad debts. This module will also talk about the sale of receivables.

• Topic A - Accounts Receivable
• Topic B - Bad Debts
• Assessment: Assessment Title

Interim Profit or Loss

Description: In this module, Interim Profit or Loss, students will learn about preparing interim statements. Students will get a breakdown of the importance of a interim statement. The module will demonstrate the layout of the interim statement. This module will also provide examples of a statement indicating a loss and a statement indicating a profit.

• Topic A - Interim
• Assessment: Review Quiz

Year End - Preparing to Close the Books

Description: In this module, Year End - Preparing to Close the Books, students will learn about the end of the year responsibilities that come with bookkeeping. Students will learn about adjusting entries and adjusting entries types. The module will also go into details about inventory. It will also cover the spreadsheets at the end of the year.

• Topic A - Year End - Inventory
• Topic B - Inventory Obsolescence
• Assessment: Review Quiz

Year End - Closing the Books

Description: In this module, Year End - Closing the Books, students will learn about closing the books at the end of the year. The module will cover closing journal entries for both permanent and temporary accounts. Students will also learn about year end financial statements. This includes a breakdown of the income statement and the balance sheet.

• Topic A - Year End - Closing Journal Entries
• Topic B - Year End - Post Closing Trial Balance
• Assessment: Review Quiz

Cash Flow

Description: In this module, Cash Flow, students will learn about cash flow. The module will cover the categories of cash flow. It will also talk about cash from operations. This module will compare the indirect method and the direct method. Students will also learn about maximizing cash flow and the cash cycle.

• Topic A - What is Cash Flow?
• Topic B - Cash Flow - The Indirect Method
• Topic C - The Direct Method
• Assessment: Review Quiz

Course assessment

• Assessment: Course assessment