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Student Edition Syllabus

Are you in business and recognise that a better understanding of bookkeeping and accounting could make your business more efficient and more profitable? Are you a student studying a subject that requires an understanding of financial accounting? Or do you just think that bookkeeping and accounting skills might help you in your current job or would be useful when trying to find a new position?

Excel with Business believes in targeting our course content to make the best possible use of your precious time. For this reason, we ask our course authors to make the extra effort to refine their course syllabus to the most essential subjects. When we were designing this course we wondered how we could combine the practical skills required by those in business with the more technical requirements of students. We decided that, by creating separate business and student versions of our course, we could give both audiences more. Anyone buying the course will receive access to both editions, allowing students to see the practical application of the techniques they are studying and allowing those in business to delve deeper into the mechanics of bookkeeping and accounting if they feel that that deeper understanding would be useful to them. To achieve this best of all possible worlds solution we worked with two authors to create our two course editions.

Jeffry R. Haber, PhD, CPA , Chair of the Accounting Department of Hagan School of Business, created the student edition. Lita Epstein, MBA is responsible for the business edition. Both of our experts are acknowledged authors of books on accounting and investing.

Going even further than our distilled course contents, our test and diagnostic tool objectively assesses your knowledge and understanding at the outset so that we can individually tailor the course for you.


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1. What Accounting Can Do for Your Business

Why an understanding of bookkeeping and accounts helps you manage your business and make it more profitable.

2. Key Decisions

Choose the right type of business including non-profit organisations ● Cash and accrual accounting ● Tracking key numbers ● The key roles

3. The Language of Accounting

What are debits and credits and do banks always get them round the wrong way? ● Key terms explained ● Why cash isn’t profit and profit isn’t cash

4. Organizing Your Accounts

How to get things to appear in the right place and knowing your assets from your liabilities and your income from your equity

5. The Accounting Cycle

Understanding the accounting jigsaw ● From transactions to financial statements – how all the steps in the bookkeeping and accounting process fit together

6. Computerized Accounting

The benefits of using a computerized system ● Are there any drawbacks? ● On your computer or online? ● The key players including QuickBooks, Sage, Bookkeeper and Xero

7. Computerized Accounting Behind the Scenes

Understanding what goes on in your computerized system and how your transactions inputs are turned into meaningful accounts

8. Managing Inventory

Making sure you have what your customers want to buy when they want to buy it ● Knowing what your inventory cost you and how much you now have and what it’s worth

9. Tracking Sales

Cash and credit sales ● Discounts and their impact on profit ● Managing account customers and dealing with bad debts

10. Reconciling Cash

Cash in hand and bank accounts ● safeguarding your cash – the key controls to keep your cash safe ● Check up on your bank – the importance of the bank reconciliation

11. Tracking Expenses

Business or private? How to identify expenses properly ● Keeping a tight grip on your costs ● Managing petty cash for smaller expense amounts

12. Payroll

Who counts as an employee ● Getting the essential paperwork right ● Different ways of paying employees ● Benefits ● Dealing with government requirements

13. Buying And Selling Long-Term Assets

How to deal with long term assets ● Different types of long-term assets ● How long-term assets appear in your accounts ● Intangible assets

14*. Liabilities

Liabilities explained ● Types of current liability ● Calculating current liabilities ● Types of noncurrent liability ● Calculating noncurrent liabilities

15*. Shareholders' Equity

Types of equity ● Recording equity transactions ● Dividends: key dates and recording dividends ● Equity disclosure in the Balance Sheet

16. Testing Your Books Balance

Why bother with a trial balance? ● Finding common bookkeeping and accounting errors and sorting them out

17. Adjusting Entries

Moving from bookkeeping to accounting ● Getting a true view of how your business is really doing ● Depreciation ● Accruals and prepayments ● Corrections

18. Preparing Financial Statements

The importance of financial statements ● From trial balance to your company results ● The income statements ● The balance sheet ● The cash flow statement

19. Analyzing Profitability

Using your accounts to make business decisions ● The key accounts measures that tell you how well your business is doing ● Returns and margins

20. Testing Liquidity

What’s liquidity? ● Why liquidity can be more important than profit ● The key ratios that can govern the survival of your business

21. The Importance of Internal Controls

How the right controls can protect your business ● Safeguarding your cash ● Protecting against fraud and theft ● Employee bonding

22. Business Taxes

Understanding and calculating the most important business taxes ● Employee Taxes ● Sales Taxes ● Corporate Taxes

23. Year End Government Reporting

The reports your accounting system needs to produce to send to government ● Dates and deadlines● Employee and payroll reports ● Tax reports

24. Closing the Books

What you need to do at the end of each year ● The accounting entries that are necessary to get you ready for the next year

25. Restarting the Accounting Cycle

Review of the accounting cycle and how everything starts again

26. How to Value a Company

Reasons to value a company ● Different valuation methods ● Assets, Market, Income,

* Units that can be accessed but are not part of the Business Edition course