Accounting for the Non-Accountant
A Personal Enrichment Online Course by Ed-Next.
Note: This course is taken entirely on a separate portal co-hosted by Ed-Next and Wedemic. Upon successful enrolment, you will receive the login details to start the course within 24-48 hours.
This is an instructor-led course with a four weeks access. Total course hours is 24.
Understanding the basic concepts of accounting is essential to success in business. An accountant’s job is to provide information needed to run a business efficiently, while keeping expenses low and increasing profits. Our Accounting for the Non-Accountant course provides an introduction into the field of accounting geared specifically for the beginner. This course covers the basics of financial statements, fiscal analysis, budgeting and much more.
After completing this course, you should be able to:
- Identify the generally accepted principles of accounting
- Recall the use of income statements in corporations
- Recognize the short-term and long-term analysis of working capital and ratios
- List how to budget efficiently for a business or organization
Accounting for the Non Accountant Module 1
Module one provides an overview of bookkeeping and various financial statements, such as income or statement of cash flows. It also illustrates how proprietorships, partnerships and corporations operate and use accounting principles differently. Each type of business uses accounting for different purposes. Finally, proper accounting standards and how they are used will be addressed.
- What is Accounting?
- Understanding Financial Statements
- Generally Accepted Accounting Principles
- U.S. Accounting Standards vs. International Standards
- Balance Sheets
Accounting for the Non Accountant Module 2
Income Statements and Cash Flow
Module two illustrates the importance of understanding income statements, specifically what they are and how businesses use them. Aspects of business revenue, profits, losses and expenses is also covered. You will learn how to prepare a profit and loss statement. By the end of module two, you will also have working knowledge of capital stock, dividends and treasury stock.
- Understanding Income Statements
- Statement of Cash Flow
- Capital Stock
- Cash Dividends and Stock Dividends
- Treasury Stock
Accounting for the Non Accountant Module 3
Financial Statements and Analysis
Module three will teach you how to analyze and examine financial accounts. You will learn how to conduct business analysis, determine financial risk and understand dividend data. Short term analysis versus long term analysis is discussed, as well as understanding assets and ratios.
- Double-Entry Accounting
- Short Term Analysis
- Assets and Ratios
- Quality of Earnings
- Dividend Data
Accounting for the Non Accountant Module 4
Module four provides an overview of planning, creating and managing a budget, as well as discussing the differences between sales and capital budgets. Ideas for working with auditors for interpreting financial statements and dealing with audits are provided. Finally, tips for preventing fraud in your business and ethically appropriate practices are given.
- Planning and Controlling a Budget
- Sales and Capital Budget
- Audits and Auditors
- Fraud and Ethics
- Preventing Fraud in an Organization
Ed4Online has been approved as an Accredited Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, Ed4Online has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of the Accredited Provider status, Ed4Online is authorized to offer IACET CEUs for courses and programs that qualify under the ANSI/IACET Standard.
You will earn 2.4 IACET continuing education credits by completing this Ed4Online course. This course is 24 contact hours which equals 2.4 CEUs based on the IACET standard. The International Association of Continuing Education and Training is the highest quality worldwide standard for Continuing Education Unit.
The Continuing Education Unit (CEU) was created by IACET as a measurement of continuing education. One (1) IACET CEU is equal to ten (10) contact hours of participation in an organized continuing education experience under responsible sponsorship, capable direction, and qualified instruction. Under IACET’s care, the IACET CEU has evolved from a quantitative measure to a hallmark of quality training and instruction. For more information on IACET, visit www.iacet.org.
|Accounting for the Non-Accountant||24 hours|
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