*2024 - Accounting Essentials II
This course will continue to introduce practical components and theory related to financial accounting.
Location
Online
Refund Policy
About this event
Accounting Essentials II Certification
Location: Zoom
Time: Tuesdays and Thursdays (6:30pm - 9:00pm EST)
Start Date: Tuesday, June 3, 2024; End Date: Thursday, June 27, 2024
Course Description:
Accounting Essentials II builds on the introductory bookkeeping and accounting course. Key accounting principles and concepts covered in Part I will be reviewed, including the accounting cycle and preparation of the Balance Sheet and Income Statement. This course expands on the basics and advances to review the effect of underlying principles and concepts on a company’s financial statements (for e.g. through the preparation of a cash flow statement and various financial ratios). This course is designed for those who are interested in working in the areas of bookkeeping, clerical accounting, finance, or general office work. This course is ideal for those who are looking to review and build on their accounting knowledge and possess basic accounting/ bookkeeping knowledge.
Course Outline:
- Accounting cycle and financial statements (Balance Sheet, Income Statement)
- Working capital and liquidity
- Accounts receivable and bad debts expense
- Accounts payable, inventory and cost of goods sold
- Bank reconciliation
- Cash flow statement
- Depreciation
- Shareholder’s equity
- Financial ratio analysis
Learning Outcomes:
- Students will review all steps of the accounting cycle introduced in Part I
- By the end of the accounting course, students will be comfortable with preparing and analysing various intermediate accounting metrics and statements including:
- Reviewing the balance sheet and income statement
- Assessing cashflow metrics
- Understanding and calculating working capital
- Understanding receivables, introduction of credit and discounts, and accounting for bad debt
- Understanding inventory systems (periodic vs. perpetual) and inventory costing methods
- Understanding the accounts payable process, credit terms and accruals
- Preparing and analyzing a cash flow statement
- Preparing and analyzing a bank reconciliation
- Understanding the concept of depreciation and the various methods of calculating it
- Calculating and analyzing financial ratios
Prerequisite:
Accounting Essentials I strongly recommended.
About the Instructor:
Sumaiya Najarali CPA, CA
Accounting Essentials II Certification:
The Accounting Essentials II certificate will be issued by Skills for Change. Skills for Change (Career Skills) is a recognized training institution by the Ministry of Colleges and Universities.
Tax Credit
Skills for Change offers tax lettersfor your tax returns. The Canadian government may refund you for all or part of the course payment when you file your taxes.
Refund Policy:
Clients may cancel their registration for a course at any time. Refunds will be issued on a pro-rata basis, taking into account the unattended portion of the course. Refund amount will be calculated based on the percentage of the course duration that remains unused at the time of cancellation. Transaction fees (e.g., Eventbrite fees) will not be refunded. Refunds take 7 to 30 business days to be processed.
Visit https://skillsforchange.org/accounting-essentials to learn more.
Frequently asked questions
There are no strict prerequisites. We recommend reviewing the course details for specific requirements.
Once you are on the registration page, click on tickets, navigate to the checkout, then provide your name and contact information and make the payment. Credit card, debit card, or PayPal are welcome methods of payment. We do not accept cash or cheque payments.
• Unfortunately, we do not offer financial support through this program. The fees are paid by the client. If you are receiving Ontario Works or social assistance, please talk to your case worker to see what you may be eligible for.
Yes, participants who successfully complete the course requirements will receive a certificate of completion. This certificate can be a valuable addition to your professional credentials. All certificates are issued by Skills for Change. Skills for Change Career Skills is a recognized training i
Yes, we issue tax receipts for your tax return. The government could refund you for all or part of the course payment when you file your taxes.
No, all classes will be held remotely.
We provide various support channels including email support an, in some cases, live phone support. Our goal is to ensure that participants have the assistance they need throughout the learning process.
We understand that financial considerations are important. Unfortunately, we do not offer installment payments for this program. The fees are paid by the client. If you are receiving Ontario Works or social assistance, please talk to your case worker to see what you could be eligible for.
Clients may cancel their registration for a course at any time. Refunds will be issued on a pro-rata basis, taking into account the unattended portion of the course. Refund amount will be calculated based on the percentage of the course duration that remains unused at the time of cancellation.