Accounting Certificate Program | Penn Foster Career School

Online Accounting Certificate

Why Penn Foster Career School?

  • Regionally & Nationally Accredited
  • Self-Paced
  • Supportive
  • Low monthly payments

Accounting Essentials Certificate Program Overview

In Penn Foster Career School's Accounting Essentials Certificate Program, you'll learn a number of key topics essential for today’s financial professional, such as mathematics for business and finance, and managerial accounting. In addition, you will be eligible to transfer credits you earn in this program to an Undergraduate Certificate or Associate of Science Degree in Accounting at Penn Foster College, which is licensed in the state of Arizona. You can complete this program in as little as five months.

Curriculum Details

Program Goal and Outcomes

Program Goal

The Accounting Essentials Certificate program provides students with new job skills or refines existing accounting knowledge to advance in a current position, improve performance in a current business or prepare for further training.

Program Outcomes

Upon completion of the program, students will be able to:

  • Understand how to examine financial statements to ensure that they are accurate and comply with laws and regulations
  • Explain how to inspect account books and accounting systems for efficiency and use of accepted accounting procedures
  • Create, organize, and maintain financial records
  • Demonstrate how to assess financial operations and make best-practices recommendations to management
  • Identify ways to reduce costs, enhance revenues, and improve profits
  • Demonstrate effective quantitative skills in basic mathematical operations pertaining to the business environment

Course 1

MAT106 Mathematics for Business and Finance

This course will hone your math skills so you are able to successfully use them in business and finance industries.

Objectives:

  • Use percentages, discounts, and interest formulas effectively.
  • Analyze present worth and sinking funds.
  • Understand how to buy in installments and price merchandise.
  • Explain depreciation, insurance, equations, and formulas.
  • Discuss investments and statistics.

Course 2

ACC111 Financial Accounting

This course will allow you to develop a basic understanding of the principles of financial accounting. 

Objectives:

  • Understand important accounting principles and concepts in order to prepare basic financial statements.
  • Understand the fundamentals of bookkeeping while using the general journal, general ledger, and trial balance to prepare financial statements.
  • Account for inventory, the use of different inventory costing methods, and their effects on financial statements.
  • Distinguish between different liabilities and account for and report current liabilities and long-term debt on the balance sheet.
  • Prepare a statement of cash flows using the direct and indirect methods and evaluate the company’s performance as it relates to cash.

Course 3

ACC112 Managerial Accounting

This course provides an introduction to managerial accounting; analysis: C-V-P and management; budgeting and performance evaluation; decentralized operations; differential analysis and product pricing; capital investment analysis, and cost activities.

Objectives:

  • Understand cost classifications as applied to preparing financial statements, predicting cost behavior, and making decisions
  • Understand the flow of cost in job-order costing and use activity-based absorption costing to compute product costs
  • Understand the flow of process costing, computing the cost per equivalent unit using the weighted-average method and FIFO method and allocating department costs using the direct and step-down methods
  • Explain how changes in activity affect contribution margin and net operating income and examine cost-volume-profit relationships, such as margin of safety and break-even points
  • Explain how variable costing differs from absorption costing and prepare income statements using the different approaches as tools for management
  • Understand activity-based costing and how it differs from a traditional costing system
  • Understand budgets, the process used to create budgets, and the preparation of various kinds of budgets
  • Compute and record various variances
  • Understand and compute various performance measurements
  • Prepare differential analysis as a key to decision making
  • Evaluate calculations for capital budgeting decisions
  • Prepare a statement of cash flows using the direct and indirect methods and compute free cash flow
  • Compute and interpret financial ratios Textbook: Managerial Accounting

Course 4

ACC211 Computer Applications in Accounting

This course will introduce you to two popular accounting software programs—Peachtree® and Excel.® You’ll explore how these business software tools are used to solve problems and enhance small-business decision making. You’ll also learn to apply accounting principles in business applications.

Objectives:

  • Operate Peachtree® effectively: print reports and back up data files.
  • Record, post, and complete the accounting cycle for a service and merchandising enterprise using an automated accounting system.
  • Analyze the business flow of transactions in automated accounting systems, including customer lists, vendor files, inventory records, and employee files.
  • Demonstrate knowledge of the voucher system, accounts payable, accounts receivable, payroll systems, and departmentalized accounting.
  • Analyze and solve management accounting problems relating to operations and business profitability and financial reporting.
  • Create and use simple and complex formulas and functions in Excel.®
  • Incorporate useful charts and graphs using Excel.®

Computer Specifications
As you know this is an online academic program. This means you will need high-speed internet access to begin your program. In addition, you will need access to a Microsoft® Windows® based computer running Windows 7® or later or an Apple® Mac® computer running OS X® or later, and an email account to participate in and complete your program.

We reserve the right to change program content and materials when it becomes necessary.
Microsoft, Windows, and Windows XP are trademarks of Microsoft Corporation registered in the United States of America and/or other jurisdictions.
Apple, Mac, and OS X are trademarks of Apple, Inc registered in the United States of America and/or other jurisdictions.

Sample Lesson

To view an Accounting Essentials sample lesson, click here.

Accounting Essentials Program Details

Penn Foster Career School can help you gain the knowledge and skills relevant to the accounting field, like managing taxes, account books, and analyzing case studies.

State Licensing Information

Licensing and/or certification requirements for jobs in this field are not the same in every state and may include educational, testing, and/or experiential requirements beyond those offered by your Penn Foster Program. You should contact the state professional licensing board or similar regulatory body in the state(s) where you plan to work to determine their requirements before enrolling in your Program. Please click here for contact information for state licensing/regulatory boards and certain industry licensing information.

Online Accounting Essentials Certificate

The Accounting Essentials Certificate Program provides basic training for finance in business, financial accounting, and managerial accounting. This program is a great option if you’re looking to learn new job skills, refresh or refine existing accounting knowledge, or help improve the performance of small businesses through a better understanding of the essentials of accounting and finance. Here are a few qualities that skilled accountants have in common:

  • Detail oriented: It’s important to have a sharp eye and check things twice.
  • Investigative: The challenge that comes with helping new and past clients is rewarding.
  • Analytical: You enjoy crunching numbers and critically thinking to solve a problem.
  • Independent: Make decisions and finish work on your own.

I am so happy that I made a career change with the help of Penn Foster. Penn Foster makes it easy, and they are always supportive and encouraging to you. Whenever I had a question, I just gave my instructors a call, and they were very helpful and easy to talk with. The online testing made it convenient, and my shipments always arrived right on time.

-Christina R., Penn Foster Graduate

I would highly recommend this school. The tuition is very low, and there are no specific deadlines for your assignments. The school allows you to work at your own pace, and transferring credits from other schools is simple.

- Bradley S., Penn Foster Graduate

I want to encourage anyone wishing to do a program with Penn Foster. You will get assistance and gain tremendous benefit from Penn Foster.

- Claudia W., Penn Foster Student

Your program includes:

  • Customized payment plans with 0% interest
  • Learning aids
  • Goal-setting and progress-tracking tools
  • Instructional support from our experienced faculty
  • Access 24/7 to Penn Foster’s online community, plus immediate membership in the Accounting Essentials Certificate academic group
  • Your personalized online student homepage and learning portal
  • Additional resources such as our online library and career guidance from Career Cruising

Can students of Penn Foster Career School's Accounting Essentials Certificate Program transfer any credits to Penn Foster College programs?

Yes. Credits earned in this course may be transferred to Penn Foster College’s Accounting or Finance Associate Degrees, Penn Foster College's Business Management Associate or Bachelor’s Degree, or Penn Foster College's Undergraduate Certificates in Accounting or Business Management. Penn Foster College is licensed in the state of Arizona.

Students who plan to continue their education with another school after completing coursework at Penn Foster Career School should check with that school regarding credit transfer policies. No form of accreditation guarantees that any learning institution will accept credits from any school as transfer credits.

More FAQs >

The completion of a certificate-level program does not typically qualify a student for employment. Completion of this program may assist students who have previous academic or work related experience improve their chances for promotion or entry-level employment.

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