Fundamentals of Accounting

About the Program

This program will provide an introduction to the concepts and uses of accounting in a business environment. The primary areas of study in this course include analysis of business transactions, recording procedures and the use of ledgers and journals, accounting for sales and purchases, managing cash, payroll, accruals and deferrals, and preparation and analysis of basic financial statements. After completing this course, students will have solid understanding of business and financial accounting and its role in bookkeeping administration.

Upon successful completion of this program, participants will be able to:

  • Recognize accounting transactions and record them in journals using proper formats.

  • Use accounting software and spreadsheets to input, manage, and interpret information.

  • Apply the concepts of accrual accounting to transactions that span fiscal periods.

  • Record accounting transactions for merchandising operations and understand how to cost inventories using a variety of methods.

  • Journalize transactions specific to managing cash and accounts receivable.

  • Record transactions for uncollectible accounts.

  • Prepare financial statements including income statements, statements of retained earnings, balance sheets and statements of cash flow.

  • Create professional and accurate financial documents.

This is a self-paced program. Self-paced programs create a unique learning experience that allows students to learn independently and at a pace that best suits them.

Tuition: $2,997

Duration: 140 Hours

Students will have access to the program for 1 full year.

Prerequisites: HS diploma/GED, basic computer skills and familiarity with the internet

To learn more about ETI’s tuition and financial aid options, click here.

Course Outline

Lesson 1: Introduction to Accounting

Lesson 2: Analyzing Business Transactions

Lesson 3: Recording Transactions

Lesson 4: Accounting for Sales and Purchases

Lesson 5: Payroll

Lesson 6: Accruals, Deferrals and the Worksheet

Lesson 7: Financial Statements and Closing Procedures