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: Accounting: The Language of Business  

Basic accounting concepts and terms; accounting career opportunities; Generally Accepted Accounting Principles; ethics.

Lesson 2: Analyzing Business Transactions  

Recording the financial effects of a business's transactions; Assets, liabilities, and owner equity accounts; Evaluating the relationship between accounts in equation form.

Lesson 3: Analyzing Business Transactions Using T Accounts  

Setting up T-accounts for assets, liabilities, and owner's equity; Trial Balance; Preparing income statements, statement of owner's equity, and balance sheets; Developing a chart of accounts.

Lesson 4: The General Journal and the General Ledger  

General Journal; Journalizing; Deferred revenues and expenses; Role of the income statement; General Ledger.

Lesson 5: Adjustments and the Worksheet  

Preparing worksheets; Adjustments for unrecorded business transactions; Utilizing the completed worksheet to prepare an income statement, statement of owner's equity, and a balance sheet for a business.

Lesson 6: Closing Entries and the Postclosing Trial Balance  

The closing process; Preparing the post-closing trial balance; Interpreting financial statements.

Lesson 7: Sales, Accounts Receivable, and Uncollectible Accounts  

The recording and reporting for sales transactions; the reporting of accounts receivable based on collectability.

Lesson 8: Accounting for Purchases and Accounts Payable  

The recording of purchase transactions; Net delivered cost of purchases; Understanding credit terms; Analyzing and recording transactions for returns and allowances.

Lesson 9: Cash Receipts, Cash Payments, and Banking Procedures  

Accounting for cash; Identifying various types of cash transactions; Guidelines/internal measures for controlling cash receipts and disbursements.

Lesson 10: Payroll  

Computing, recording, and processing of employee compensation and employers' payroll taxes; Payroll computations; Laws/regulations; Reporting.

Lesson 11: Accruals, Deferrals, the Worksheet, Financial Statements, and Closing Procedures  

End-of-period adjustments; Preparing financial statements; Closing the books.

Lesson 12: Accounting Principles and Reporting Standards, and Notes Payable and Notes Receivable  

Fundamental concepts of U.S. GAAP; The Financial Accounting Standards Board; The International Accounting Standards Board; Accounting for notes.

Lesson 13: Merchandise Inventory  

Accounting for inventory; Inventory costing; The Lower of Cost or Market method.

Lesson 14: Property, Plant, and Equipment  

Accounting issues involved in recording and reporting the "life cycle" of non-current operational assets; Depreciation; Procedures for acquiring and accounting for natural resources.

Lesson 15: Accounting for Corporations  

Accounting issues for partnerships and corporations; Common stock, preferred stock, and treasury stock; Recording stock transactions; Reporting earnings and equity.

Lesson 16: Accounting for Corporate Bonds  

Accounting for bonds from issuance through redemption; Bond issuance procedures; Bond retirement process; Use of notes payable as a financing option for corporations.

Lesson 17: Corporate Financial Statement Analysis  

Basic tools of financial statement analysis; Vertical analysis procedures; Calculating financial statement ratios.

Lesson 18: Statement of Cash Flows  

Understanding and preparing the statement of cash flows; Distinguishing cash flows from operations, investments, and financing.

Lesson 19: Managerial Accounting  

Purpose and nature of managerial accounting; Use of profit and cost centers; Preparing departmental financial statements.

Lesson 20: Job Order Cost Accounting  

Job order costing and process costing; Reports and documents relating to job order cost systems; Process inventory in process cost accounting.

Lesson 21: Flexible Budgets and Standard Costs  

Planning for, measuring, and controlling costs through budgets, standard costs, and cost variance; Preparing a fixed budget.

Lesson 22: Cost-Revenue Analysis  

Compiling data to give managers relevant decision-making information; Measuring cost behaviors; Using a break-even analysis; Cost-volume-profit analysis; Cost-revenue analysis.

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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.