Accounting Essentials with Quickbooks Desktop
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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.
Week 5:
The first company on QuickBooks Desktop:
Introduction to QuickBooks Desktop - Navigating the Interface
How to deal in cash transactions using source documents.
Week 6:
The second company on QuickBooks Desktop:
Introducing students to chart of accounts, vendors and customers.
How to use general journal in QuickBooks Desktop and the Register.
Week 7:
The third company on QuickBooks Desktop:
Creating a company from scratch on QuickBooks
How to transfer a company’s raw information from paper format to digital format.
Week 8:
The fourth company on Quickbooks Desktop:
Recording purchasing on account and paying accounts payable.
How to save transactions and retrieve them for future usage.
Week 9:
The fifth company on QuickBooks Desktop:
Recording selling on account and receiving money on accounts receivable.
How to deposit funds, deal with NSF cheques and presenting 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).
Use QuickBooks Desktop to create and manage a company file.
Record and track income and expenses within QuickBooks.
Generate essential financial reports.
Apply accounting concepts to real-world business situations confidently.
Course Time Commitment:
Ø Duration: (9) weeks [4 weeks Accounting, 5 weeks QuickBooks Desktop]
Ø Schedule: Every Saturday from: 9:00AM -2:00PM
Ø Class Time: (5) hours per week (total of 45 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. (20%)
· QuickBooks Balance Sheets submitted to instructor. (20%)
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Basic knowledge of computers
Intermediate level of English in reading, writing and speaking (CLB6 and higher)
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CAD $825.00
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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 a 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
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Training model: online
Course length: 9 weeks, 45h
Classes are held on Saturdays (9am-2pm EST)
Accounting Essentials (4 weeks)
QuickBooks Desktop (5 weeks)
Course Description:
The Accounting Essentials with QuickBooks Desktop course introduces students to the fundamental principles of accounting and the practical skills needed to manage financial transactions using QuickBooks Desktop.
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. Through step-by-step exercises and guided examples, participants will learn how to navigate QuickBooks Desktop efficiently and accurately. No prior accounting experience is required.
By the end of the course, students will understand both the “why” and the “how” behind accounting processes, enabling them to use QuickBooks Desktop as a powerful tool for bookkeeping, financial reporting, and decision making.
Of note, the Accounting and QuickBooks sections of the course can be taken separately as per student discretion.