ZFIN1065 - Fundamentals of Accounting (Online)

Course Description

Course Outline

Lesson 1: Introduction to Basic Accounting Systems

This lesson focuses on an introduction to the role of accounting in business. Basic accounting, an overview of financial accounting and elements of an accounting system are covered. We will also learn the differences between cash and accrual accounting. 

Lesson 2: Accounting for Retail Businesses and Internal Controls

In this lesson we will explore the application of financial accounting in retail businesses. We will also learn about internal cash controls. Purchase and sales transactions, bank reconciliations and important laws that govern financial accounting will be covered. 

Lesson 3: Receivables and Inventories

This lesson will focus on receivables and inventory. Types of receivables and inventories will be covered, along with write-offs, balance sheet reporting and inventory costing methods and reporting.  

Lesson 4: Long-Term Assets and Liabilities

In this lesson we will focus on fixed assets and financial liabilities. Topics in this lesson include the disposal of assets, financial reporting, bonds and the reporting of liabilities. 

Lesson 5: Equity and Financial Statements

In this final lesson we will learn about stockholders, cash flow statements and metric-based analysis of financial statements. Dividends, stock splits, various cash flows and global analysis will all be covered. 

Learner Outcomes

Upon completion, participants will be able to:

• Explain the role of accounting in business
• Describe basic accounting systems
• Distinguish financial accounting in retail businesses from those in service industries
• Describe accounting practices for cash, receivables and inventories
• Describe accounting for fixed and long-term assets
• Explain how stockholders make money from their shares 
• Describe methods for analyzing various financial statements

Notes

Participants will have 12 months to complete this self-paced online course.

All necessary course materials are included.

System Requirements:

Internet Connectivity Requirements:

• Cable and DSL internet connections are recommended for the best experience.

• CPU: 1 GHz or higher
• RAM: 2 GB or higher
• Resolution: 1280 x 720 or higher
• Speakers / Headphones
• Microphone (Webinar / Live Online sessions)

• Microsoft Windows 7 or 10 (Home, Pro)
• Mac OSX 10 or higher
• Latest Chrome OS
• Latest Linux Distributions

NOTE: While we understand that our courses can be viewed on Android and iPhone devices, we do not recommend the use of these devices for our courses. The size of these devices do not provide a good learning environment for students taking online or live online-based courses.

• Latest Google Chrome is recommended for the best experience.
• Latest Mozilla Firefox
• Latest Microsoft Edge
• Latest Apple Safari

• Office suite (Microsoft Office, OpenOffice or LibreOffice)
• PDF reader program (Adobe Reader, Foxit)
• Courses may require other software that is denoted in the above course outline.