Overview

Online Accounting Course from World Education

The online accounting course from World Educationl is ideal for anyone seeking a broader understanding of basic accounting and bookkeeping practices and procedures.

Our online accounting and bookkeeping course included the following modules:

The Accounting Cycle - Introduction to Accounting and Bookkeeping:

In this module, students are given a basic understanding of accounting terminology and principles, with an emphasis on the accounting cycle.

Worksheets, Journals and Ledgers

Students learn the basic skills needed to record transactions chronologically using accounting journals, and how to use ledgers to categorize accounts.

Accounting Management

Students are given a firm grasp of how businesses use financial statements to record transactions that have been recorded in journals and ledgers.

They also learn how to interpret and use financial statements to determine profitability and track cash flow.

Payroll Bookkeeping

In this module, you will learn the basics of the payroll process, including payroll expenses, liabilities, taxes, forms, laws and regulations as well as a variety of other payroll functions.

Accounts Payable

This module introduces students to the proper accounting and bookkeeping procedures for tracking accounts payable.

Accounts Receivable

You will learn the most common accounting procedures used by businesses when tracking accounts receivable.

The Budgeting Process

You will learn the fundamental skills needed to prepare and manage a budget.

You will also become familiar with the various budget components and learn how they work together, as well as how to use financial statements to prepare, organize, and structure a budget.

Microsoft Excel

This module acquaints you with Microsoft Excel and how to use this powerful accounting tool when scheduling, listing, and analyzing financial data.

QuickBooks Accounting Software

Many smaller businesses use only a small portion of the functionality available in the QuickBooks accounting software.

Over the course of this module, you will learn the basic functions of one of this highly popular accounting and bookkeeping program.

The QuickBooks module teaches students how to create a general ledger, the correct methods for data entry, and how to generate basic accounting reports.

Financial Statements

This module focuses on how to use financial statements when seeking to obtain financing.

This online accounting course allows you to progress at your own pace, from the comfort of your own home. All you need is a computer, Internet access and the desire to advance your career and enhance your earning potential! Enrolling is easy and completely safe using our secure online registration process.

This course is eligible for Military Spouse Career Advancement Account (MyCAA) funding.

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Paralegal Certificate Program - Corporate

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Languages

English

Course Access Time

Students are given 6 months to complete the program.

Instructor

Katherine Pang, PhD, JD, LLM, MBA, MEd, MS

Dr. Pang has instructed, facilitated, and led numerous business skill courses including team building, building effective groups, and similar courses for several manufacturing companies including Weir SPM, Turbomeca, as well as the City of Arlington along with numerous top 100 law firms.

Dr. Pang served as a faculty member at the University of Texas at Tyler and has been an adjunct faculty member in the law and business/ schools of many universities including the Stern School of Business at New York University, the Graduate School of Management at the University of Texas, Dallas, Pepperdine University, USC, Golden Gate University, the University of California, Irvine, Regent University, and Northeastern University. Dr. Pang received her B.A. from Clark University, her J.D. from the University of Dayton Law School, her LL.M in Taxation from Georgetown University Law School, her M.Ed from the University of Texas, her MBA, MS (Psychology), and her Ph.D in Educational Psychology from Texas A&M Commerce. Dr. Pang also has two theology degrees.

Dr. Pang has over 20 years of entrepreneurial and operational experience in professional services, manufacturing and education oriented companies. Dr. Pang has served as founder, president, CEO, COO and CFO of several companies over the last 15 years. Prior to forming Corporate Growth Strategists, Dr. Pang was recruited to serve initially as COO/CFO and General Counsel for a Dallas-based CNC precision and assembly manufacturing company to effectuate a restructure of corporate obligations and operations. The successful reduction in corporate indebtedness and the substantial increase in cash-flow flowing from operational and financial changes resulted in Dr. Pangs promotion to interim CEO and General Counsel for a period of 12-months. Dr. Pang has also served as COO and General Counsel for Technology Training Services Corporation a technology training company delivering services in Europe under Unites States Government contracts. Dr. Pang was also the Manager, Firmwide Practice Section Development, Training and Forms for Akin, Gump, Strauss, Hauer & Feld, L.L.P. in Dallas, Texas.

Dr. Pang has over 20 years of experience in the design, development and delivery of educational courses and professional development and training content. She

Requirements

This program must be taken on a PC. There are no specific computer requirements other than an Internet connection (a high-speed or broadband Internet connection is highly recommended). In addition, you''ll need to have Internet Explorer, Adobe Reader, Flash Plug-in, and a QuickTime plug-in on your computer (all are available through free downloads).

The following textbooks will be provided to each student upon registration:

• Accounting for Managers
• Managing by the Numbers: A Complete Guide to Understanding and using your Companys Financials
• Payroll Management
• Keeping the Books: Basic Recordkeeping and Accounting for the Successful Small Business
• Budgeting for Managers
• How to Read a Financial Report: Wringing Vital Signs Out of the Numbers

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Lesson 1
Course 1-Bookkeeping Basics
Lesson 1: The Basics of Bookkeeping
• The Bookkeeper Position
• Difference Between Accounting and Bookkeeping
• Financial Accounting Basics
• The Accounting Cycle
• Accrual Basis of Accounting
• Chart of Accounts
• The Ledger Concept
• Trial Balance
• Closing the Books
• Journal Entries
Lesson 2: Financial Statements
• Income Statement Overview
• Balance Sheets
• Cash Flows
• Interpretation of Financial Statements
• Accounts Payable and Receivable
• Profit Ratios
• Bookkeeping Controls
• Sales and Collection
• Invoices
• Cash Processing
Lesson 3: Inventory and Assets
• Payables System
• Expense Report Processing
• Petty Cash System
• Inventory Accounting
• Inventory Cost Layering Overview
• Fixed Assets and Depreciation
• Fixed Asset Classifications
• Debt Accounting
Course 2-Payroll and Credit
Lesson 1: Payroll
• Payroll Cycle
• Employee Time Tracking
• Gross Pay Calculations
• Benefits and Deductions
• Accounting for Payroll Transactions
• Payroll Taxes
• Workers’ Compensation Insurance
• Income Tax Filings
• Small Business Tax Reduction Strategies
Lesson 2: Credit and Collections
• Credit and Collection Management
• Credit Procedures
• Sales Orders
• Credit Examination Procedures
• Credit Controls
• Collection Procedure
• Collection Controls
• Credit Policy
Lesson 3: Credit Application
• Adjustments to a Credit Application
• Customer Credit Ratings
• Third Party Credit Ratings
• Ongoing Credit Monitoring
• Credit Documentation
• Financial Statements
• Ratios
• Liquidity Index
• Credit Risk Reduction
• Credit Insurance
Course 3-Collections
Lesson 1: Customer Billings and Collection Tactics
• Billing Processing
• Efficient and Effective Billing
• Statement of Accounts
• Payment Handling
• Check Receipt
• Tactics: Calls, Letters and Holds
• Credit Repayments
• Payment Deductions
• Product Returns Management
• Skip Tracing
Lesson 2: Collections, Litigation and Laws
• Management of a Collection Agency
• Litigation and Bankruptcy Tactics
• Chapter 11 Bankruptcy
• Allowance for Doubtful Accounts
• Credit and Collection Technology
• Document Imaging
• Product and Service Improvements
• Credit and Collection Measurements
• Credit and Collection Laws
Lesson 3: Overview of Payables
• Transaction Cycles
• Invoice Processing
• Processing Procedures
• Types of Payments
• Checks, Drafts, Transfers
• Expense Reimbursement
• Procurement Cards
• Sales and Use Tax Overview
• Tax Audits
Course 4-Payables
Lesson 1: Accounting for Payables
• Finance Issues
• Payment Timing
• Applicable Accounts to Charge
• Closing Payables
• Expense Reports
• Department Management
• Payables Manager Responsibilities
• Payables Controls
• Payables Policies
Lesson 2: Payables Record Keeping
• Payables Fraud
• Personal Purchases
• Payables Technology
• Automated W-9 Forms
• Vendor Master File
• Payables Filing System
• Government Reporting
• Unclaimed Property
• Cost Recovery
• Payables Management
Lesson 3: Payroll Management
• Payroll Cycle Duration
• Electronic Payments
• Definition of an Employee
• W-2 Contractor
• Employee Withholding Liability
• Employee Time Tracking
• Employee Compensation
• Difference Between Salaries and Wages
Course 5-Taxes and Benefits
Lesson 1: Employee Benefits and Payroll Taxes
• The Provider and Recipient of Benefits
• Flexible Spending Accounts
• Time Off
• Payroll Deductions
• Income Tax Withholding
• Social Security Tax
• Medicare Tax
• Earned Income Credit
• Common Paymaster Rule
Lesson 2: Taxes and Accounting for Payroll
• Tax Remittances
• Tax Deposit Schedules
• Accuracy of Deposits Rule
• Unemployment Taxes
• Unemployment Benefit Claims
• Payments to Employees
• Accounting Journal Entry
• Accrued Wages, Bonuses and Commissions
• Tax Deposits
Lesson 3: Payroll Reports, Recordkeeping and Procedures
• Payroll Register
• Employment Application
• Employer Identification Number
• Forms: Timecard
• Payroll Controls
• Payroll Measurements
• Payroll Entries to Headcount Ratio
• Outsourcing Option

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