What you'll learn
Learn about the generally accepted accounting principles (GAAP)
Learn and implement internal controls
Maintain subsidiary ledgers and special journals
Reconcile accounts
Correct wrong amounts and wrong accounts by reverse entries
Perform sales tax calculations
Setup a yearly budgeting plan
Understand accounting for merchandising
Perform accounting for cash
Manage payroll system
Requirements
The course has no formal pre-requisites. However, the basic knowledge of accounting fundamentals is highly recommended.
Description
The Bookkeeping and Payroll course prepares the candidates to become successful bookkeepers and acquire the necessary knowledge and understanding needed to create an effective and reliable bookkeeping system. The course gives the fresh graduates and inexperienced professionals a career boost and enhances their accounting and bookkeeping skills. The course helps the candidates to prove to employers that they can provide office accounting, bookkeeping and payroll management duties in an effective and efficient manner.A bookkeeper keeps business financial records and performs basic and essential accounting tasks. The course provides an essential learning experience to the candidates to perform the basic bookkeeping and payroll management tasks in an effective and efficient manner. The course provides a launching platform to the candidates for a bright career in financial accounting, bookkeeping or payroll management.After successfully completing this course, the students shall be able to:Learn about the generally accepted accounting principles (GAAP)Learn and implement internal controlsMaintain subsidiary ledgers and special journalsReconcile accountsCorrect wrong amounts and wrong accounts by reverse entriesPerform sales tax calculationsSetup a yearly budgeting planUnderstand accounting for merchandisingPerform accounting for cashManage payroll systemThe course is intended for:Small and medium business ownersBookkeepers and accountantsPayroll management staffFinancial auditorsBusiness decision makersThe course has no formal pre-requisites. However, the basic knowledge of accounting fundamentals is highly recommended.
Overview
Section 1: Course Introduction
Lecture 1 Course Introduction
Lecture 2 Instructor Introduction
Section 2: Chapter 01 - Principles
Lecture 3 Principles
Lecture 4 Principles (cont.)
Lecture 5 Introduction - GAAP (Part 1)
Lecture 6 Introduction - GAAP (Part 2)
Lecture 7 Introduction - GAAP (Part 3)
Lecture 8 Transactions - The Accounting Equation
Lecture 9 Transactions - Debit and Credit Rules (Part 1)
Lecture 10 Transactions - Debit and Credit Rules (Part 2)
Lecture 11 Transactions - Analysis (Part 1)
Lecture 12 Transactions - Analysis (Part 2)
Lecture 13 Transactions - Analysis (Part 3)
Lecture 14 Transactions - Analysis (Part 4)
Lecture 15 Demo - Full Disclosure Principle
Lecture 16 Demo - Journal Process Practice
Lecture 17 Chapter 01 Review
Section 3: Chapter 02 - Overview of Internal Controls
Lecture 18 Overview of Internal Controls
Lecture 19 The Need for Internal Controls
Lecture 20 Overview of Internal Control
Lecture 21 Principles of Internal Control
Lecture 22 Principles of Internal Control (Part 1)
Lecture 23 Principles of Internal Control (Part 2)
Lecture 24 Principles of Internal Control (Part 3)
Lecture 25 Principles of Internal Control (Part 4)
Lecture 26 Principles of Internal Control (Part 5)
Lecture 27 Control Concepts
Lecture 28 Overview of Internal Control (Cont.)
Lecture 29 Examples of Controls Across the Organization
Lecture 30 Overview of Sarbanes Oxley Sections 302 and 404
Lecture 31 Implications of SOX
Lecture 32 Control Concepts (Part 1)
Lecture 33 Control Concepts (Part 2)
Lecture 34 Audit Process and Conduct
Lecture 35 Internal Controls - Bottom Line
Lecture 36 Demo - Internal Control Reporting
Lecture 37 Chapter 02 Review
Section 4: Chapter 03 - Subsidiary Ledgers and Special Journals
Lecture 38 Subsidiary Ledgers and Special Journals
Lecture 39 Subsidiary Ledgers
Lecture 40 Subsidiary Ledger
Lecture 41 Subsidiary Ledgers (Cont.)
Lecture 42 Accounts Receivable - Aging of Subledger
Lecture 43 Using Special Journals
Lecture 44 Special Journals - Sales Journal
Lecture 45 Special Journals - Posting Sales Journal (Part 1)
Lecture 46 Special Journals - Posting Sales Journal (Part 2)
Lecture 47 Special Journals - Posting Sales Journal (Part 3)
Lecture 48 Special Journals - Posting Sales Journal (Part 4)
Lecture 49 Special Journals - Posting Sales Journal (Part 5)
Lecture 50 Special Journals - Posting Sales Journal (Part 6)
Lecture 51 Special Journals - Control Accounts (Part 1)
Lecture 52 Special Journals - Control Accounts (Part 2)
Lecture 53 Special Journals - Control Accounts (Part 3)
Lecture 54 Special Journals - Control Accounts (Part 4)
Lecture 55 Special Journals - Control Accounts (Part 5)
Lecture 56 Special Journals - Cash Receipts (Part 1)
Lecture 57 Special Journals - Cash Receipts (Part 2)
Lecture 58 Special Journals - Cash Receipts (Part 3)
Lecture 59 Special Journals - Cash Receipts (Part 4)
Lecture 60 Special Journals - Cash Receipts (Part 5)
Lecture 61 Special Journals - Cash Receipts (Part 6)
Lecture 62 Special Journals - Cash Receipts (Part 7)
Lecture 63 Special Journals - Cash Receipts (Part 8)
Lecture 64 Special Journals - Cash Receipts (Part 9)
Lecture 65 Special Journals - Cash Receipts (Part 10)
Lecture 66 Special Journals - Posting Cash Receipts (Part 1)
Lecture 67 Special Journals - Posting Cash Receipts (Part 2)
Lecture 68 Special Journals - Posting Cash Receipts (Part 3)
Lecture 69 Special Journals - Cash vs. Credit Card
Lecture 70 Special Journals - Purchases (Part 1)
Lecture 71 Special Journals - Purchases (Part 2)
Lecture 72 Special Journals - Purchases (Part 3)
Lecture 73 Special Journals - Purchases (Part 4)
Lecture 74 Special Journals - Purchases (Part 5)
Lecture 75 Special Journals - Purchases (Part 6)
Lecture 76 Special Journals - Purchases (Part 7)
Lecture 77 Special Journals - Purchases (Part 8)
Lecture 78 Special Journals - Purchases (Part 9)
Lecture 79 Special Journals - Cash Payments
Lecture 80 Special Journals Summary
Lecture 81 Demo - Cash Receipts Journal
Lecture 82 Chapter 03 Review
Section 5: Chapter 04 – Reconciliations
Lecture 83 Reconciliations
Lecture 84 Purpose
Lecture 85 Accounts To Be Reconciled
Lecture 86 Ownership and Accountability For Reconciliations
Lecture 87 A Reconciliation is a Critical Internal Control
Lecture 88 What is a Reconciliation
Lecture 89 Reconciliation
Lecture 90 "Reconciling Items" and Unreconciled Differences
Lecture 91 Bank Reconciliation Example
Lecture 92 Inventory Reconciliation Example
Lecture 93 Who Should Perform the Reconciliation?
Lecture 94 Exercise - Accounts Receivable Reconciliation (Part 1)
Lecture 95 Exercise - Accounts Receivable Reconciliation (Part 2)
Lecture 96 Who Can Review a Reconciliation?
Lecture 97 A Roll -forward Analysis
Lecture 98 Analytical Roll -forward
Lecture 99 Analytical Roll -forward of a Trade A/R Account
Lecture 100 Analytical Roll -forward of Cash
Lecture 101 Other Verifications of Account Balances
Lecture 102 Chapter 04 Review
Section 6: Chapter 05 - Correcting Entries
Lecture 103 Correcting Entries
Lecture 104 Correcting Entries (cont.)
Lecture 105 Corrections - The Wrong Amount (Part 1)
Lecture 106 Corrections - The Wrong Amount (Part 2)
Lecture 107 Corrections - The Wrong Amount (Part 3)
Lecture 108 Corrections - The Wrong Amount (Part 4)
Lecture 109 Corrections - The Wrong Amount (Part 5)
Lecture 110 Corrections - The Wrong Amount (Part 6)
Lecture 111 Corrections - The Wrong Amount (Part 7)
Lecture 112 Corrections - The Wrong Amount (Part 8)
Lecture 113 Corrections - The Wrong Amount (Part 9)
Lecture 114 Corrections - Reversing Entries
Lecture 115 Chapter 05 Review
Section 7: Chapter 06 - Sales Tax
Lecture 116 Sales Tax
Lecture 117 Sales Tax (cont.)
Lecture 118 Sales Tax - Calculations
Lecture 119 Sales Tax - Recording Transactions
Lecture 120 Sales Tax - Pay Collected Taxes
Lecture 121 Sales Tax - Paying Collected Taxes
Lecture 122 Sales Tax Rules and Filing
Lecture 123 Sales Tax Rates
Lecture 124 Sales Tax Rules and Filing
Lecture 125 Audits and Out of State Taxes
Lecture 126 Chapter 06 Review
Section 8: Chapter 07 – Budgeting
Lecture 127 Budgeting
Lecture 128 All Businesses Must Have a Strategic Plan
Lecture 129 Yearly Target Setting (Budgeting)
Lecture 130 Defining Objectives Part1
Lecture 131 Defining Objectives Part2
Lecture 132 Budgeting Defined
Lecture 133 Budgeting for Smaller Companies
Lecture 134 Types of Budgets
Lecture 135 Types of Budgets (cont.)
Lecture 136 Budgeting Development and Assumptions
Lecture 137 Bookkeeper Role in Budgeting
Lecture 138 Example Budget Spreadsheet
Lecture 139 Chapter 07 Review
Section 9: Chapter 08 - Accounting for Merchandising
Lecture 140 Accounting for Merchandising
Lecture 141 Merchandising Income Statement
Lecture 142 Manufacturing Income Statement
Lecture 143 Merchandising Income Statement (Cont.)
Lecture 144 Merchandising Revenue - Credits
Lecture 145 Credit Notes
Lecture 146 Credit Notes (cont.)
Lecture 147 Merchandising Revenue - Credit Notes
Lecture 148 Credit Notes
Lecture 149 Sales Discounts
Lecture 150 Calculating Sales Discounts
Lecture 151 Recording Sales Discounts
Lecture 152 Sales Discounts - Customer Account
Lecture 153 Net Sales On the Income Statement
Lecture 154 Purchasing Merchandise
Lecture 155 Periodic Inventory System
Lecture 156 Purchase Discounts
Lecture 157 Discounts - Purchase Discounts
Lecture 158 Discounts - Purchase Discounts (Cont.)
Lecture 159 Freight -in
Lecture 160 End of Period Income Statement
Lecture 161 Net Sales On the Income Statement (Cont.)
Lecture 162 Determine Cost of Goods On Hand
Lecture 163 Compute COGS for Income Statement
Lecture 164 Income Statement
Lecture 165 Perpetual Inventory System
Lecture 166 Perpetual Inventory System (cont.)
Lecture 167 Discounts - Purchase Discounts (Cont.)
Lecture 168 Cash on Delivery (COD)
Lecture 169 Demo - Merchandising Income Statement
Lecture 170 Chapter 08 Review
Section 10: Chapter 09 - Accounting for Cash
Lecture 171 Accounting for Cash
Lecture 172 Defining Petty Cash
Lecture 173 Trend in Petty Cash
Lecture 174 Accounting for Petty Cash – Establishing
Lecture 175 Accounting for Petty Cash - Cash Sheet
Lecture 176 Accounting for Petty Cash - Cash Sheet (cont.)
Lecture 177 Accounting For Petty Cash - Entries
Lecture 178 Accounting For Petty Cash - Entries (cont.)
Lecture 179 Accounting - Petty Cash - Reimbursing
Lecture 180 Petty Cash Entry
Lecture 181 Accounting for Cash Over or Short (Part 1)
Lecture 182 Accounting For Cash Over or Short (Part 2)
Lecture 183 Accounting For Cash Over or Short (Part 3)
Lecture 184 Accounting For Cash Over or Short (Part 4)
Lecture 185 Accounting - Cash Over or Short
Lecture 186 Good Cash Control in a Retail Business
Lecture 187 Accounting - Bank Statements Part1
Lecture 188 Accounting - Bank Statements Part2
Lecture 189 Bank Statements
Lecture 190 Bank Statements (cont.)
Lecture 191 Accounting - Bank Errors
Lecture 192 Accounting - Cash Book Errors
Lecture 193 Bank Reconciliation Process
Lecture 194 Bank Account Reconciliation (Part 1)
Lecture 195 Bank Account Reconciliation (Part 2)
Lecture 196 Bank Account Reconciliation (Part 3)
Lecture 197 Accounting - Bank Account Reconciling
Lecture 198 Demo - Bank Reconciliation
Lecture 199 Chapter 09 Review
Section 11: Chapter 10 – Payroll
Lecture 200 Payroll
Lecture 201 The Payroll Process
Lecture 202 Payroll Process - Gross Pay (Part 1)
Lecture 203 Payroll Process - Gross Pay (Part 2)
Lecture 204 Payroll Process - Gross Pay (Part 3)
Lecture 205 Payroll Process - Gross Pay (Part 4)
Lecture 206 Payroll Process - Gross Pay (Part 5)
Lecture 207 Payroll Process - Gross Pay (Part 6)
Lecture 208 Payroll Process - Deductions (Cont.)
Lecture 209 Payroll Process - Taxes
Lecture 210 Payroll Process - Taxes (cont.)
Lecture 211 Payroll Process - Deduction Tables
Lecture 212 Payroll Process - Deductions (Part 1)
Lecture 213 Payroll Process - Taxes (cont.)
Lecture 214 State Taxes
Lecture 215 Payroll Process - Deductions (Part 2)
Lecture 216 Payroll Process - Deductions (Part 3)
Lecture 217 Payroll Process - Voluntary Deductions
Lecture 218 Payroll Process - Net Pay
Lecture 219 Payroll Process - Recording (Part 1)
Lecture 220 Payroll Process - Earnings Record
Lecture 221 Payroll Process - Payroll Record (Part 1)
Lecture 222 Payroll Process - Payroll Record (Part 2)
Lecture 223 Payroll Process - Payroll Records
Lecture 224 Payroll Process - Recording (Part 2)
Lecture 225 Payroll Process - Recording Net Payroll
Lecture 226 Payroll Process - Employer Expenses
Lecture 227 Payroll Process - Recording (Part 3)
Lecture 228 Payroll Process - Making Payments
Lecture 229 Payroll Process - Vacation and Sick Pay
Lecture 230 Payroll Process - Accruals
Lecture 231 Payroll Process - Internal Controls
Lecture 232 Payroll Process - Internal Controls (cont.)
Lecture 233 Demo - Payroll Calculations and Entries
Lecture 234 Demo - Paycheck
Lecture 235 Chapter 10 Review
Section 12: Chapter 11 - Partnerships and Corporations
Lecture 236 Partnerships and Corporations
Lecture 237 Partnership - The Partnership
Lecture 238 Partnership - Partnership Accounting
Lecture 239 Partnership - The Drawing Account
Lecture 240 Admitting a New Partner
Lecture 241 Entry to Admit New Partner
Lecture 242 Death of a Partner
Lecture 243 Partner Withdrawal - Example 1
Lecture 244 Partner Withdrawal - Example 2
Lecture 245 Corporations
Lecture 246 Corporations - Shareholder Value
Lecture 247 Corporations - Share Ownership
Lecture 248 Sale of Common Stock
Lecture 249 Preferred Stock
Lecture 250 Preferred Stock - Sale of Shares
Lecture 251 Preferred Stock - Sale of Shares (cont.)
Lecture 252 Corporations - Authorized versus Issued
Lecture 253 Corporations - Dividends
Lecture 254 Corporations - Dividends (cont.)
Lecture 255 Shareholders Sale of Stock
Lecture 256 Chapter 11 Review
Section 13: Chapter 12 - Accounts Receivable and Bad Debts
Lecture 257 Accounts Receivable and Bad Debts
Lecture 258 Accounts Receivable - Aging (Part 1)
Lecture 259 Accounts Receivable - Aging (Part 2)
Lecture 260 Accounts Receivable - Aging (Part 3)
Lecture 261 Accounts Receivable - Aging (Part 4)
Lecture 262 Accounts Receivable - Accounts
Lecture 263 Accounts Receivable - Aging (Part 5)
Lecture 264 Accounts Receivable - The Balance Sheet
Lecture 265 Bad Debts - Writing Off
Lecture 266 Bad Debts - Recovering
Lecture 267 Bad Debts - Small Business
Lecture 268 Sale of Receivables
Lecture 269 Sale of Receivables - Entry
Lecture 270 Accounts Receivable Turnover
Lecture 271 Demo - Accounts Receivable Entries
Lecture 272 Chapter 12 Review
Section 14: Chapter 13 - Interim Profit or Loss
Lecture 273 Interim Profit or Loss
Lecture 274 Interim - Interim Statement
Lecture 275 Interim - Interim Statement (cont.)
Lecture 276 Interim - Preparing Interim Statement (Part 1)
Lecture 277 Interim - Preparing Interim Statement (Part 2)
Lecture 278 Interim - Preparing Interim Statement (Part 3)
Lecture 279 Chapter 13 Review
Section 15: Chapter 14 - Year End - Preparing to Close the Books
Lecture 280 Year End - Preparing to Close the Books
Lecture 281 Year End - Preparing to Close the Books (cont.)
Lecture 282 Year End - Inventory
Lecture 283 Year End - Adjusting Entries
Lecture 284 Year End - Adjusting Entries (cont.)
Lecture 285 Year End - Adjusting Entries Types
Lecture 286 Inventory Obsolescence
Lecture 287 Inventory Obsolescence (cont.)
Lecture 288 Inventory Reserves – Entries
Lecture 289 Inventory Write Offs – Entries
Lecture 290 Year End - The Worksheet
Lecture 291 The Spreadsheet
Lecture 292 The Spreadsheet (cont.)
Lecture 293 Chapter 14 Review
Section 16: Chapter 15 - Year End - Closing the Books
Lecture 294 Year End - Closing the Books
Lecture 295 Year End - Closing the Books (cont.)
Lecture 296 Year End - Closing Journal Entries (Part 1)
Lecture 297 Year End - Closing Journal Entries (Part 2)
Lecture 298 Year End - Closing Journal Entries (Part 3)
Lecture 299 Year End - Closing Journal Entries (Part 4)
Lecture 300 Year End - Closing Journal Entries (Part 5)
Lecture 301 Year End - Closing Journal Entries (Part 6)
Lecture 302 Year End - Closing Journal Entries (Part 7)
Lecture 303 Year End - Post Closing Trial Balance
Lecture 304 Year End - Financial Statements
Lecture 305 Year End - Income Statement
Lecture 306 Year End - Balance Sheet
Lecture 307 Accounting Information
Lecture 308 Demo - Real World Financials
Lecture 309 Chapter 15 Review
Section 17: Chapter 16 - Cash Flow
Lecture 310 Cash Flow
Lecture 311 What is Cash Flow?
Lecture 312 Categories of Cash Flow
Lecture 313 Cash From Operations
Lecture 314 Why We Manage Cash Flow
Lecture 315 Cash Flow - The Indirect Method (Part 1)
Lecture 316 Cash Flow - The Indirect Method (Part 2)
Lecture 317 Cash Flow - The Indirect Method (Part 3)
Lecture 318 Cash Flow - The Indirect Method (Part 4)
Lecture 319 The Direct Method
Lecture 320 Maximizing Cash Flow
Lecture 321 Cash Cycle
Lecture 322 Revenue and Receivables
Lecture 323 Expenses and Payables
Lecture 324 Inventory
Lecture 325 Capital / Investment
Lecture 326 Quick Ratio
Lecture 327 Cash Flow Adequacy Ratio
Lecture 328 Chapter 16 Review
Lecture 329 Course Closure
Small and medium business owners,Bookkeepers and accountants,Payroll management staff,Financial auditors,Business decision makers
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