Accounting Essentials
Course Description
The Accounting Essentials course introduces students to the fundamental principles of accounting. By the end of the course, students will understand both the “why” and the “how” behind accounting processes.
Participants will learn how to record and classify financial data, prepare journal entries, post to the ledger, prepare the trial balance, do adjusting entries and closing entries, and produce key financial statements. The course combines theoretical understanding with hands-on practice to ensure students gain confidence in applying accounting concepts in real-world situations.
Whether you are entering the field of accounting for the first time, looking to enhance your professional skills, or planning to manage your own small business finances, this course provides a solid foundation.
No prior accounting experience is required.
Please note the Accounting and QuickBooks sections of the course can be taken separately as per student discretion. We highly encourage students to take both courses as Accounting Essentials covers theory and QuickBooks Desktop applies the practice. Taking both courses will give you a complete skill set—fully preparing you to pursue job opportunities or successfully manage your own business.
-
Course Outline
Week 1:
Introduction to Accounting:
Purpose, users, and principles of financial information, the Accounting Equation and the effect of business transactions on the accounting equation.
Week 2:
Learning how to record transactions in the general journal, posting transactions to the ledger and preparing the trial balance.
Week 3:
How to record adjusting entries, also known as end-of-period adjustments, to adjust the accounts to accurately reflect the revenues and expenses of the current period.
Recognize the importance of adjusting entries in the proper presentation of financial statements to help investors in their investing decisions.
Week 4:
Preparing the worksheet which is commonly employed as an internal document in which key information is stored, either at a detailed or summary level, to support an accountant’s work in preparing financial statements.
Learning Outcomes:
By the end of this course, students will be able to:
Explain the basic principles and terminology of accounting.
Record financial transactions using the double-entry system.
Prepare and interpret basic financial statements (Income Statement, Balance Sheet, and Trial Balance).
Course Time Commitment:
Ø Duration: 4 weeks of Accounting Theory
Ø Schedule: Every Saturday from: 9:00AM -2:00PM
Ø Class Time: (5) hours per week (total of 20 hours of instruction.
Ø Format: Instructor-led online with camera on during class unless otherwise advised by instructor.
Student Evaluation:
Student performance will be assessed through a combination of the following:
· Participation in class and knowledge of all notes given in class. (30%)
· Weekly exercises and assignments, (30%)
· Comprehensive Final Exercise for the Accounting Cycle. (40%)
-
Basic knowledge of computers
Intermediate level of English in reading, writing and speaking (CLB6 and higher)
-
CAD $500
-
Nabila Nosseir is a Certified Teacher from Ontario College of Teachers. An accounting professional with over 14 years experience at the university level. Nabila has Masters in Accounting and Management Science. She delivers instruction in a variety of subject areas and corporate training involving dedicated and customized solutions. She has extensive level of knowledge with the following topics: – Bookkeeping and Advanced Financial Accounting – QuickBooks – Simply Accounting
-
Training model: online
Course length: 4 weeks, 20h
Classes held on Saturdays (9am - 2pm)