Courses Details

Objective: 

This program empowers participants with the ability to manage complex accounting tasks while leveraging accounting software to enhance efficiency. Through in-depth exploration of accounts management, financial reporting, payroll, taxation, and end-of-year processes, participants gain the skills needed to excel in the modern accounting landscape. 

What You'll Gain: 

The course provides both theoretical understanding and hands-on experience, ensuring participants leave with practical skills ready for immediate application in the workplace. The inclusion of accounting software ensures learners are prepared for the technology-driven demands of today’s accounting roles. 

Each week builds on a hands-on approach, with practical tasks that mirror professional accounting responsibilities. Whether journalizing entries or preparing federal tax forms, learners gain confidence in tackling industry-standard scenarios. 

Program Structure 

Week 1–5: Accounts Management and Adjustments 

Learners start by mastering the essentials of accounts payable, receivable, notes payable, and notes receivable. Emphasis is placed on accurately tracking and reconciling these accounts, handling uncollectible debts, and calculating interest and depreciation. 

Week 6–8: Accruals, Dividends, and Year-End Adjustments 

Building on foundational knowledge, participants will handle accruals, dividends, and retained earnings while completing year-end worksheets. These lessons ensure learners can adjust ledger accounts and maintain up-to-date records for fiscal compliance. 

Week 9–10: Financial Reporting and Final Adjustments 

As the fiscal period concludes, learners will prepare detailed financial statements, including income statements, balance sheets, and cash flow reports. They will journalize closing entries and create a post-closing trial balance for seamless transitions to the next period. 

Week 11–12: Payroll, Taxation, and Software Applications 

The program concludes with payroll management and tax preparation, covering mandatory deductions, recordkeeping, and filing federal tax forms. Learners will also integrate their knowledge with accounting software to automate processes and ensure compliance in real-world scenarios. 

This course is tailored for individuals ready to take on more responsibility in their accounting careers. Whether transitioning into roles such as accounting technician, payroll administrator, or tax assistant, or preparing for further certifications, this program equips participants with the skills, tools, and confidence to succeed. 

The course is an examinable course and the learners must pass this exam. 

By completing this program, learners will not only master advanced accounting principles but also stand out as tech-savvy professionals capable of streamlining financial operations in any organization. 

Learning Outcomes 

By the end of this program, participants will be able to: 

• Manage accounts payable and receivable, including schedules and reconciliations. 
• Account for uncollectible receivables and calculate depreciation for plant assets. 
• Prepare and interpret financial statements and year-end worksheets. 
• Handle payroll processing, including deductions and record maintenance. 
• Complete tax preparation and ensure year-end compliance. 
• Perform adjusting and closing entries for accurate financial reporting. 
• Use accounting software to automate bookkeeping, prepare reports, and streamline payroll and tax processes. 

Course Outline

Week 1: Accounts Payable 

• Recording and tracking accounts payable transactions. 
• Preparing a Schedule of Accounts Payable. 

Week 2: Accounts Receivable 

• Recording sales in the Sales Journal and posting payments. 
• Creating and managing accounts receivable records. 

Week 3: Uncollectible Accounts Receivable 

• Accounting for bad debts and long-overdue receivables. 
• Adjusting ledger accounts for uncollectible. 

Week 4: Plant Assets and Depreciation 

• Recording purchases of plant assets. 
• Depreciation calculation methods and ledger adjustments. 

Week 5: Notes Payable and Notes Receivable 

• Recording issuance and payment of notes payable. 
• Journalizing notes receivable transactions and calculating interest. 

Week 6: Accrued Income and Expenses 

• Recording accrued income and expenses. 
• Adjusting entries for accurate financial reporting. 

Week 7: Dividends and Retained Earnings 

• Accounting for dividend payments. 
• Preparing retained earnings statements. 

Week 8: Year-End Worksheet and Adjustments 

• Completing a year-end worksheet to identify net income or loss. 
• Adjusting ledger accounts for accuracy. 

Week 9: End-of-Fiscal-Period Financial Reports 

• Preparing detailed financial statements: income statement, balance sheet, and cash flow report. 
• Compiling financial reports for compliance. 

Week 10: Adjusting and Closing Entries 

• Journalizing adjusting and closing entries. 
• Preparing a post-closing trial balance. 

Week 11: Payroll Management 

• Calculating gross pay, deductions, and net pay. 
• Recording payroll transactions and maintaining payroll records. 

Week 12: Accounting Software and Tax Preparation 

• Introduction to accounting software (e.g., QuickBooks, Xero). 
• Recording transactions, automating bookkeeping, and generating reports. 
• Completing federal tax forms (e.g., Form 941). 
• Filing year-end tax obligations and deposits. 

End of course exam