Learning Outcomes

Introduction to Internal Audit

Conducting the Internal Audit

Preparing the Audit Report

Lesson Summary

This module explains the various important components of conducting an internal audit within a company. It will explain the different types of internal audits and the steps of performing an internal audit in detail. Moreover, it also explains the method of preparing an internal audit report, along with its essential components.

Internal Auditing - Fundamental Principles & Concepts - Course assessment

Learn how to conduct an internal audit using accounting techniques in this free online financial management course.

Internal Auditing - Fundamental Principles & Concepts

This bookkeeping course is designed for anyone looking to become an internal auditor or auditing professionals who want to refresh and polish their skills. This course's topics are straightforward and cover the essential aspects of internal auditing: its types, the process of conducting an internal audit and preparing an internal audit report. We also compare external and internal auditing. Sign up to take control of your organisation's finances.

Introduction to Marginal Costing

Cost Classification and Cost-Volume Analysis

Decision Making Using Marginal Costing

Contribution Margin Ratio

In this module, you will be introduced to concepts of marginal costing including its benefits and key assumptions, you will learn about cost classification and cost-volume analysis, and decision-making processes using marginal costing. Gain insight into profit planning using marginal costing, limitations and criticisms of marginal costing.

Understanding Marginal Costing - Course Assessment

In this free online course, learn about the various components of marginal costing and its impact on business success.

Understanding Marginal Costing

Costing in business goes a long way in determining production, pricing and overall success of a business. By learning and understanding marginal costing, you will be able to know the factors that influence the cost of production. This course delves into the fundamentals of cost accounting methods and the changes that need to be made to ensure optimal production at a sustainable level. Enrol today to learn a critical concept for business success.

Topic A - Introduction - GAAP

Topic B - Transactions

Review Quiz

In this module, Principles, students will learn about The eleven generally accepted accounting principles. They will also learn about The Accounting Equation. Students will also learn debit and credit rules in this module. The course will also provide and analysis on transactions a made by a company.

Topic A - The Need for Internal Controls

Topic B - Control Concepts

In this module, Overview of Internal Controls, students will learn about the need for internal controls. It will also cover principles of internal control. It module will also go over several control concepts. Students will also revive an overview of internal control. They will also learn about the audit process.

Topic A - Subsidiary Ledgers

Topic B - Special Journals - Posting Sales Journal

Topic C - Special Journals - Posting Cash Receipts

In this module, Subsidiary Ledgers and Special Journals, students will learn about subsidiary ledgers. Students will also learn about using special journals in this module. It will also go over posting sales journals at the end of the week. The module then covers cash receipts and posting cash receipts.

Topic A - Purpose

Topic B - Reconciliation

Topic C - Who Should Perform the Reconciliation?

In this module, NAME OF MODULE, students will learn about what a reconciliation is. Students will also learn about reconciling items and unreconciled differences. The module will also go into detail about who should perform a reconciliation as well as who can review a reconciliation. It will also cover what a roll-forward analysis is.

Topic A - Correcting Entries

Topic B - Corrections - The Wrong Account

In this module, Correcting Entries, students will learn about correcting entries and how to properly correct errors when bookkeeping. The module will provide examples on different kinds of mistakes that are made while bookkeeping. The module will also cover different methods for fixing these types of mistakes.

Topic A - Sales Tax

Topic B - Sales Tax Rules and Filing

In this module, Sales Tax, students will learn about sales tax. The module will teach students about how to calculate sales tax. It will also cover recording transactions for sales tax. Students will also learn how to pay the collected taxes. It will also touch on the different rules when filing in each state.

Topic A - All Businesses Must Have a Strategic Plan

Topic B - Types of Budgets

In this module, Budgeting, students will learn about budgeting for a company. The module will cover a business's strategic plan and it's impact in setting an annual budget. This includes budgeting strategies for smaller companies. Students will also learn about different types of budgets. It will also go into detail into a bookkeeper's role in budgeting.

Topic A - Merchandising Income Statement

Topic B - Sales Discounts

Topic C - Purchase Discounts

In this module, Accounting for Merchandising, students will learn about income from merchandising companies.Students will also learn about a merchandising Income statement. This module will also go into detail about when a credit note is issued to the customer. Students will also learn about calculating sales discounts.

Topic A - Defining Petty Cash

Topic B - Accounting for Cash Over or Short

Topic C - Cash Controls - The Bank Reconciliation

In this module,Accounting for Cash, students will learn about  petty cash.  This also includes accounting for petty cash. Students will learn about filling out a  petty cash voucher as well as a petty cash journal. The module will also cover accounting for cash over or short. It will also go into detail on good cash control in a retail business.

Topic A - The Payroll Process

Topic B - Payroll Process - Deduction Tables

Topic C - Payroll Process - Earnings Record

In this module, Payroll, students will learn about the payroll process. The topic will go into depth on gross pay for both hourly employees and salaried employees. Students will then learn about taxes and deductions in the payroll process. This also includes voluntary deductions and state tax rates.

Topic A - Partnership - The Partnership

Topic B - Corporations

Topic C - Preferred Stock

In this module, Partnerships and Corporations, students will learn about business partnerships. Specifically the module will focus on accounting in a business partnership. This includes the process of admitting a new partner and the drawing account. Students will also learn about what happens in the event of a partner withdrawal or the unexpected death of a partner. Finally the module will cover stocks.

Topic A - Accounts Receivable

Topic B - Bad Debts

Assessment Title

In this module, Accounts Receivable and Bad Debts, students will learn about accounts receivable. The module will also cover aging reports and the Balance sheet for accounts receivable. Students will also learn about bad debts. This includes writing off bad debts. This module will also talk about the sale of receivables.

Topic A - Interim

In this module, Interim Profit or Loss, students will learn about preparing interim statements. Students will get a breakdown of the importance of a interim statement. The module will demonstrate the layout of the interim statement. This module will also provide examples of a statement indicating a loss and a statement indicating a profit.

Topic A - Year End - Inventory

Topic B - Inventory Obsolescence

In this module, Year End - Preparing to Close the Books, students will learn about the end of the year responsibilities that come with bookkeeping. Students will learn about adjusting entries and adjusting entries types. The module will also go into details about inventory. It will also cover the spreadsheets at the end of the year.

Topic A - Year End - Closing Journal Entries

Topic B - Year End - Post Closing Trial Balance

In this module, Year End - Closing the Books, students will learn about closing the books at the end of the year. The module will cover closing journal entries for both permanent and temporary accounts. Students will also learn about year end financial statements. This includes a breakdown of the income statement and the balance sheet.

Topic A - What is Cash Flow?

Topic B - Cash Flow - The Indirect Method

Topic C - The Direct Method

In this module, Cash Flow, students will learn about cash flow. The module will cover the categories of cash flow. It will also talk about cash from operations.  This module will compare the indirect method and the direct method. Students will also learn about maximizing cash flow and the cash cycle.

Diploma in Effective Bookkeeping and Payroll - Assessment

Learn about bookkeeping and payroll and the factors involved like taxes and budgeting with this free online course.

Diploma in Effective Bookkeeping and Payroll

This free online course teaches students about effective bookkeeping and payroll. Students will learn about accounting for a company. They will also learn about taxes during payroll. This payroll course will cover budgeting and budgeting strategies, and also goes into detail on topics such as subsidiary ledgers and special journals. So, why wait? Start this course today and learn about effective bookkeeping and payroll.

Introduction to Managing Tax in the UK

Inheritance, Income and Individuals Tax

Capital Gain, Corporation and Advanced Income Tax

This module will assist you in comprehending tax systems in the UK, different types of tax, how they affect the economy, as well as the seriousness of tax evasion and avoidance. You will also learn about national insurance, tax returns, tax codes, accounting and financing in business.

Understanding and Managing Tax in the UK - Course Assessment

Master and reinforce skills and knowledge in planning and calculating tax in the UK with this free online course.

Understanding and Managing Tax in the UK

The money that the government takes or deducts from us is called tax. It is a mandatory contribution to the state, but you do not receive goods or services in return for this payment. The modern tax system is governed by legislation. This course will provide all the information required to understand the different types of taxes and implement best practices for the timely and effective fulfilment of all tax-related obligations.

Introduction to Bookkeeping

Accounting Method Concepts and Standard

Types of Bookkeeping Services

Keeping Track of Business Finances

Understanding Balance Sheet

Financial Statements

Purchase Order Tracking

In this module, you will learn about the various bookkeeping techniques, the different approaches to accounting and some bookkeeping services. We will also teach you how to manage your finances and monitor your business expenses and revenue. The most common types of financial statements, financial reporting and tracking tips will also be discussed.

Introduction to Bookkeeping and Accounting Methods - Assessment

Develop essential bookkeeping and accounting skills to help boost your company's revenue with this free online course.

Introduction to Bookkeeping and Accounting Methods

Do you run a small business or work for a larger organisation that needs a reliable system for keeping accurate records? This course will teach you the fundamentals of bookkeeping, from the various methods of record keeping to the multiple approaches to accounting. We will also review some common types of financial statements and discuss the benefits of using a bookkeeper and other financial reports and management strategies. Enrol today!

Introduction to Payroll Management

Payroll Cycles and Processing Steps

Tax, Withholdings, and Statutory Contributions

Benefits, Pensions, and Payroll Management Best Practices

This module will introduce you to the essential knowledge and skills to manage payroll effectively. It covers the purpose and components of payroll, tax calculations, compliance with labour laws, and benefits administration. You will gain hands-on insights into using payroll software, addressing employee queries, and maintaining accurate records.

Payroll Essentials for Small Businesses - Assessment

Learn how you can manage payroll, maintain accuracy, and keep your business running smoothly in this free online course.

Payroll Essentials for Small Businesses

Imagine navigating the intricate world of payroll with ease, ensuring every paycheck is accurate and compliant. With this course, you will be equipped with practical knowledge and skills to handle payroll processes effectively, including calculating salaries, managing deductions, and understanding tax compliance. Discover the tools you need to streamline payroll systems and maintain accuracy for your business processes. Start Learning Now.

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Tax Acts

This module guides you on computing wages, salary, and taxes. The lessons cover provisions of the Fair Labor Standards Act, calculating employee work hours, time spent, salary, and compensation. You will also delve into various aspects of social security, income, and unemployment tax covering FICA, withholding laws, FUTA and SUTA, and other norms.

Bookkeeping and Accounting Basics

Choosing an Accounting Method

Keeping the Books

In this module, you will get an insight into various bookkeeping and accounting concepts, objectives, and their differences. The lessons help you understand cash and accrual accounting, financial accounting conceptual framework, and accounting standards. You will then explore the effect of business transactions and the procedure's end.

Payroll Computation and Bookkeeping - Course Assessment

This free online course will teach you how to compute wages and salaries and how to account for associated taxes.

Payroll Computation and Bookkeeping 

Payroll computation and bookkeeping are essential aspects of any business and a crucial skill set for those who want to work in accounts or handle finances for companies with extensive capital and staff. This course will provide you with the knowledge and skills necessary to accurately calculate and maintain employee salaries, wages, and benefits, while also ensuring compliance with the provisions of federal and state labour laws and taxes.

Introduction and Scope of Accounting

Formats of Balance Sheet

Detailed Format and Elements of Balance Sheet

Basic Structure of a Balance Sheet

Types of Assets

Balance Sheet Elements and Equation

In this module, you will be introduced to financial accounting and the three streams of accounting. You will learn about financial statements, the different formats of the balance sheet as well as the basic structure of a balance sheet. You will also learn about the types of assets and the equation for calculating assets and owners fund.

Format of Profit and Loss Account

Basic Structure of Profit and Loss Account

Elements of Profit and Loss Account

Concept of Conservatism and Depreciation

Methods of Providing Depreciation

Inventory Valuation

In this module, you will be introduced to the profit and loss account. You will learn about the major components of a profit and loss account which are income and expenses. You will learn about the basic structure of the profit and loss account as well as how to calculate it. You will then be introduced to the concept of conservatism and depreciation, the methods of depreciation as well as inventory valuation.

Definition and Types of Cash Flow

Categories of Cash Flow Statement

Operating Activities by Direct Method

Preparation of Cash Flow Statement

Example of Cash Flow Statement

In this module, you will be introduced to the cash flow statement as the summary of cash flows (receipts and payments) during an accounting period. You will learn about the different types of cash flow statements, cash and cash equivalents and financial activities. You will then be introduced to operating activities by the direct method as well as how to prepare a cash flow statement.

Corporate Governance

Corporate Governance: Global Models

Corporate Governance: Enron Case

In this module, you will be introduced to corporate governance as the collection of mechanisms, processes and relationships by which a company is controlled and managed. You will learn about the main principles of corporate governance which are: Transparency, Accountability, Trusteeship and Ethics. You will learn about the three models of corporate governance as well as Enron’s failure of having proper corporate governance.

Diploma in Financial Accounting - First Assessment

Accounting Standards and Principles

Evolution of Accounting

Recording of Financial Transactions

In this module, you will be introduced to accounting standards and principles. Accounting principle refers to the communication of results of the business to the outside world. You will learn about accounting concepts such as business entity, dual aspect, cost, and consistency. You will learn about the evolution of accounting as well as how to record financial transactions.

Zee Case: Profit and Loss Account

Zee Case: Balance Sheet Statement

Hindalco Case: Profit and Loss Account

Hindalco Case: Balance Sheet and Cash Flow Statement

In this module, you will be introduced to Zee TV, an entertainment television company as well as Hindalco limited, a leading aluminum and copper manufacturer. You will be presented with both company’s financial statements and you will learn how to prepare a profit and loss account from it as well as as a balance sheet.

Interpretation and Analysis of Financial Statements

Ratio and Ratio Analysis

Types of Ratio

Horizontal Analysis for Shipping Corp of India

Common Size Statement for Shipping Corp of India

Trend Analysis for Shipping Corp of India

Calculating Return on Equity for Shipping Corp of India

In this module, you will be introduced to the Interpretation and Analysis of Financial Statements. You will learn about ratio and ratio analysis, as well as the different types of ratios. You will also be introduced to horizontal analysis, common-size statements, trend analysis, as well as return on equity.

Ratio and Financial Statement Analysis for TCS

Combined Ratio Analysis for TCS

Company Analysis Using RIL Company Data

Ratio and Financial Statement Analysis Using RIL Company Data

Revision of Course

In this module, you will be introduced to ratio and financial statement analysis for TCS. You will learn about different types of combined ratios and their equations. You will also learn about company analysis as well as ratio and financial statement analysis using RIL company data.

Diploma in Financial Accounting - Second Assessment

Diploma in Financial Accounting - Assessment

The free online course on the streams of accounting, preparing financial statements and the structure of balance sheet.

Diploma in Financial Accounting

The free online course on financial accounting teaches you about the streams of accounting, as well as the concept of financial statements and the basic structure of a balance sheet. You will learn about the components of a profit and loss account, as well as the concept of conservatism and depreciation. You will also be able to explain the concept of ratio analysis. Start this course today to improve your understanding of financial accounting.