Bookkeeping
PROGRAM OUTLINE
Instruction Sets
Your at-home learning program includes seven Instruction Sets designed to take you step-by-step through the techniques and skills you'll employ in your new career in Bookkeeping.
You will need access to a computer to complete this program. Penn Foster recommends the following as minimum specifications: Pentium® II or better processor, using Microsoft® Windows® XP or later, capable of running Microsoft® Office 2007. You will also need Internet access.
Here's how it works: Your first Instruction Set will be sent to you as soon as your enrollment has been accepted. Other Instruction Sets will follow as you complete your exams, so that you will always have training materials to work with. Here is an overview of what you'll learn and the order in which you'll receive your learning materials:
Instruction Set 1
- Learning Strategies
- Identifying and implementing a successful study method; planning when, where, and how you'll study; creating effective and efficient study tools; using study tools to improve chances for success.
- The Accounting Equation
- Assets, liabilities, owner's equity, and the accounting equation; preparing a balance sheet.
- Workbook One
- Supplement: A Glossary of Accounting Terms
Instruction Set 2
- The Books of Accounting
- The basics of the general journal; the basics of the ledger, including the T account, the chart of accounts, and opening a ledger account.
- Assets, Liabilities, and Owner's Equity
- Account balances for asset accounts, liability accounts, and owner's equity accounts; footing and balancing the ledger; analyzing a transaction; posting to the general ledger.
- Learning Aids:
- Account Analyzer
- How to Use Your Account Analyzer
Instruction Set 3
- Revenue, Expenses, and Trial Balance
- Another look at owner's equity; permanent and temporary accounts; normal balances.
- Workbook Two
- Financial Reports
- Worksheets; how to prepare an income statement and a balance sheet; closing steps for expense and revenue summary accounts; balancing and ruling the books at the end of the year; temporary ledger accounts; permanent ledger accounts; the general ledger; the accounting cycle.
- Workbook Three
Instruction Set 4
- Accounting for Cash and Payroll Accounting
- How to account for cash and where to keep money; the proprietorship; computing employee earnings; keeping records for the government; employer-paid taxes and paying payroll taxes.
- Workbook Four
- Accounting Systems
- Accrual accounting; the importance of inventory accounting; posting to the general ledger and other business records.
- Workbook Five
- Wholesale Accounting
- Accounting procedures for wholesale sales, discounts, sales returns, and allowances; maintaining the accounts receivable ledger; recording cash, credit, and C.O.D. purchases; maintaining accounts payable ledger; promissory notes and interest-bearing notes.
- Workbook Six
- Supplement: How to Read an Income Statement and a Balance Sheet
Instruction Set 5
- Assets
and End-of-the-Month
Activities
- Accounting
procedures for long-term
tangible and intangible
assets; amortization
and depreciation;
the end-of-the-month
accounting procedures.
- Workbook
Seven
- Introduction
to Windows®
- The
role of Windows® as the
computer's operating system;
Windows® commands and
functions; customizing your
computer to suit your needs;
Windows® Accessories;
help screens and system tools.
Instruction Set 6
- Microsoft® Excel
- Creating
and modifying a worksheet in Excel;
working with charts in Excel.
- Graded Project: Microsoft® Excel
- Textbook: Microsoft® Excel
Instruction Set 7
- Bookkeeping
Project
- Maintain
the accounting
records and prepare
financial statements
for this sole
proprietorship.
Includes
ledgers, business
papers and checks,
journals, and
the narrative
of transactions.
Project
must be completed
manually.
Graduation Set
- Supplements:
- Mastering Adjusting Entries (AIPB exam preparation book)
- Mastering Correction of Accounting Errors (AIPB exam preparation book)
- Mastering Payroll (AIPB exam preparation book)
- AIPB Handbook
- Certified Bookkeeper Exam Voucher
- The
American Institute
of Professional Bookkeepers
Certification Exam
is designed to evaluate
the skills and knowledge
needed to carry out
all bookkeeping and
accounting functions
through the trial
balance and basic
skills for firms
with as many as 100
to 200 employees.
Penn Foster Career
School encourages
students to take
the exam, and includes
an $85 voucher to
help defray the cost.
Online Library and Librarian
Students in Penn Foster Career School have access to an online library for use during their studies. Students can use this library to do the required research in the courses they complete or can use it for general reference and links to valuable resources. The library contains helpful research assistance, articles, databases, books, and Web links. A librarian is available to answer questions on general research-related topics via email and assist students in research activities during their studies with Penn Foster Career School.
We reserve the right to change program content and materials when it becomes necessary.
Windows is a trademark of Microsoft Corporation registered in the United States of America and/or other jurisdictions.
IBM is a trademark of IBM Corporation registered in the United States of America and/or other jurisdictions.
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