Bookkeeping Basics

Overview

Class Central Tips

This is the first course in a series of four that will give you the skills needed to start your career in bookkeeping. If you have a passion for helping clients solve problems, this course is for you. In this course, you will be introduced to the role of a bookkeeper and learn what bookkeeping professionals do every day. You will dive into the accounting concepts and terms that will provide the foundation for the next three courses. You will learn how to work your way through the accounting cycle and be able to read and produce key financial statements. By the end of this course, you will be able to: -Define accounting and the concepts of accounting measurement -Explain the role of a bookkeeper and common bookkeeping tasks and responsibilities -Summarize the double entry accounting method -Explain the ethical and social responsibilities of bookkeepers in ensuring the integrity of financial information. No previous bookkeeping or accounting experience required.

Syllabus

Accounting Concepts and Measurement

In this module, you'll be introduced to the role of a bookkeeper and gain an understanding of how to use the accounting equation and double-entry accounting.

The Accounting Cycle (Part 1)

In this module, you will learn about the accounting cycle and how bookkeepers use the general journal and general ledger to record and keep track of business transactions.

The Accounting Cycle (Part 2)

In this module, you will learn how bookkeepers using accounting software to record transactions. You will also further your understanding of the accounting cycle by learning how to create trail balances and produce financial statemnets.

Accounting Principles and Practices

In this final module for Course 1, you will gain an understanding of key accounting assumptions and principles and learn about the different types of accounting methods bookkeepers use.