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Accounting Training Curriculum

Our unique online Accounting training curriculum was developed by accounting experts to ensure you attain the practical knowledge you need to advance your career. You'll graduate with skills to help you succeed on the job and achieve your goals. Connect with PCDI Canada now and start a great future. Enroll online today!

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Lesson 1: Learning at Ashworth  

Introduction to distance education and Ashworth school policies; tips on effective study skills; examinations and assessment of student learning; an overview of 21st Century work and life skills.

Lesson 2: Concepts in Small Business and Self-Employment  

Evaluating your business idea; setting yourself apart from the competition; market testing; investment funding and donation funding; qualities of an entrepreneur; crowdfunding and angel investors.

Lesson 3: Basic Accounting Concepts  

This lesson provides an introduction to the standard concepts of accounting and a summary of the importance of accounting to business. The lesson also summarizes the ways in which accounting practices are regulated and the different types of business structures that require accounting services.

Lesson 4: The Accounting Equation and Financial Statements  

Students begin their mastery of accounting skills by learning and understanding the accounting equation and its application to all accounting operations. Lesson coverage also includes an introduction to common financial statements.

Lesson 5: T-Accounts, Debits and Credits  

The basic operations of the accounting process including the structure of the T-account and the recording of standard financial transactions in the form of credits and debits.

Lesson 6: Trial Balance and Introduction to the Accounting Cycle  

An introduction to the trial balance and to the accounting cycle; instruction is provided on journalizing and the recording of business transactions in a journal. Students will also learn the concept of posting and the use of posting to transfer information from a journal to a ledger.

Lesson 7: The Accounting Cycle: Adjusting  

In this lesson students learn procedures for how to create and prepare accounting adjustments and how to close out the accounting period.

Lesson 8: Banking and Cash Control  

Lesson coverage includes the use of internal controls to help protect assets and how bank statements act as a form of internal control. Students will also learn how cash control is used to safeguard assets and about bank reconciliation and how it can help a business stay solvent.

Lesson 9: Current Liabilities and Payroll  

Students learn to determine and account for current liabilities, how to compute current liabilities and how to determine a current liability from a long-term liability. Instruction is also provided on the basics of payroll, including how to account for payroll and the main components of the payroll system.

Lesson 10: Sales and Cash Receipts  

Instruction on how to record and post sales transactions and for preparing, journalizing and posting a credit memorandum. Students will also learn to record and post cash receipts transactions, to record an accounts receivable subsidiary ledger and prepare a schedule of accounts receivable.

Lesson 11: Purchases and Cash Payments  

In this lesson, students learn how to record and post purchase transactions, preparing, journalizing and posting a debit memorandum, and recording and posting cash payment transactions.

They also learn about recording to an accounts payable subsidiary ledger and preparing a schedule of accounts payable.

Lesson 12: Merchandising Operations  

Instruction includes the basics of merchandising operations and inventory, including accounting for inventory, purchasing inventory, sales of inventory, and sales returns. Students will learn how to adjust entries at the end of an accounting cycle, as well as how to prepare financial statements and analyze business operations.

Lesson 13: Bad Debts  

Students learn how the bad debts expense account and allowance for doubtful accounts can be employed to record bad debts. They also learn to use the income statement approach and the balance sheet approach to estimate bad debts expense, as well as how to prepare an aging of accounts receivable and the details of writing off debts.

Lesson 14: Receivables  

Lesson coverage includes the methods and tools for managing receivables, the types of receivables as well as how to manage these types through credit applications, separating credit and cash duties, and pursuing collections from insolvent customers. Studies also include how to analyze accounts receivables to evaluate efficiency and efficacy.

Lesson 15: Merchandise Inventory  

Students are taught how to compute and record inventory and are introduced to the four major accounting principles related to inventory. They will learn how to account for inventory errors and estimations and to understand the effects of the perpetual inventory system on inventory methods.

Lesson 16: Plant Assets and Intangibles  

In this lesson, students learn how to factor in cost, useful life, and estimated residual value to determine depreciation and to examine the accounting approach to dealing with natural resources and intangible assets.

Lesson 17: Partnership  

This lesson provides an introduction to the business structure of partnerships in terms of characteristics, types, and how they are formed and dissolved. Instruction covers how liabilities and payroll are handled in partnerships and how to complete journal entries and prepare financial statements related to partnerships.

Lesson 18: Financial Operations of Corporations  

Students will learn the characteristics of corporations and the relationship of a corporation to its stockholders; how to calculate dividends on common and preferred stock and other methods for accounting for the issuance of stock.

Lesson 19: Earnings and Stocks  

Lesson coverage includes how earnings, stock dividends, and stock splits affect stockholder equity and retained earnings and how to complete a statement of retained earnings. Students will also learn methods for reporting and analyzing stockholder's equity and earnings.

Lesson 20: Long-Term Liabilities  

Students are introduced to the different types of liabilities and how bonds are issued and reported. Instruction also explores interest payments and the effective interest method for calculating interest expenses. Students will learn to complete journal entries for bonds and interest payments.

Lesson 21: Investments and Cash Flow  

An introduction to the basics of investment and cash flow detailing the purpose of and different types of cash flows. Instruction is provided on how to complete a statement of cash flows using the indirect and direct methods.

Lesson 22: Financial Statement Analysis  

Instruction covers the methods and tools for analyzing financial statements, including the difference between horizontal and vertical analysis and how to analyze financial statements using each technique. Students learn about the different types of ratios and how to calculate and use those ratios to make financially sound business decisions.

Lesson 23: Departmental Accounting  

Students are introduced to basic principles of departmental accounting, including the preparation of income statements focusing on gross profit by department. Students then learn to prepare income statements focusing on departmental net income, and to use departmental contribution margin to prepare income statements.

Lesson 22: Manufacturing Accounting  

In this lesson, students explore various manufacturing accounting techniques and learn to prepare and interpret a cost of goods schedule. Students learn about journalizing transactions that record the manufacturing process and to prepare a worksheet for a manufacturing company.

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Program Description

Students will learn the basic concepts, formulas, and practices used by accountants to evaluate and manage common business practices. Program coverage includes mastery of the concepts of the accounting cycle and multiple applications of accounting practices to business operations like merchandising, inventory, payroll, and the tracking and management of business assets. Students will also learn accounting applications required for structuring of partnerships and corporations and how to create and evaluate financial statements as well as financial management of departments and manufacturing accounts.

Program graduates are prepared to take the National Bookkeepers Association (NBA) Uniform Bookkeeper Certification exam, leading to the Bookkeeper Certification designation.

Program Objectives

After completing the Basic Accounting program, students will be able to:

  1. Describe the characteristics and ethical obligations of accounting professionals and outline the types of career opportunities available to those with the appropriate training and credentials in this field.
  2. Identify, define, and apply basic financial accounting and reporting concepts and terms in order to record the financial transactions of a business and to create accounting and technical communications that accurately communicate the effects of such transactions.
  3. Define Generally Accepted Accounting Principles (GAAP), explain the role of the Financial Accounting Standards Board (FASB) in the development and application of GAAP, and describe why it is important for companies to maintain compliance.
  4. Outline the accounting cycle and describe what happens during each step in this cycle, with a focus on the activities performed and the ledgers, accounts, and financial statements used by accounting professionals to record and communicate financial transactions.
  5. Identify the different forms that can be taken by business entities, such as sole proprietorships, partnerships, and corporations, and describe the specific accounting, taxation, and financial reporting issues that arise for each.

The PCDI Canada accounting training program gives you the practical skills you need to make the connection to your dream career. Call 1-800-535-1613 or enroll online today.

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