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Accounting All-in-One

Accounting All-In-One For Dummies, 3rd Edition, is your all-encompassing guide to mastering various aspects of accounting. In this course, you’ll explore critical topics like financial reporting, budgeting, and financial decision-making, equipping you with the skills needed to succeed in the world of accounting. From setting up accounting systems to fraud prevention, this course offers a comprehensive understanding of accounting. With interactive lessons and practice tests, you’ll not only enhance your expertise but also embark on a journey to conquer the realm of numbers. Whether you’re a student, a business owner, or a professional, this course paves the way for financial success.
Accounting All-in-One
Test Prep
22+ LiveLab | 22+ Video tutorials | 43+ Minutes
11+ Videos | 02:06+ Hours

Why choose TOPTALENT?


Lessons 1:

  • About This Course
  • False Assumptions
  • Where to Go from Here

Lessons 2:
Accounting for the Basics

  • Knowing What Bookkeeping and Accounting Are All About
  • Wrapping Your Brain around the Accounting Cycle
  • Working the Fundamental Accounting Equation

Lessons 3:
Charting Your Accounts

  • Navigating the Chart of Accounts
  • Setting Up Your Chart of Accounts
  • Giving Credit (Or Is It Debit?)
  • Understanding Double-Entry Accounting

Lessons 4:
Using Journal Entries and Ledgers

  • Keeping a Journal
  • Bringing It All Together in the Ledger
  • Putting Accounting Software to Work for You

Lessons 5:
Choosing an Accounting Method

  • Choosing Your Method
  • Sorting through Standards for Other Types of Accounting

Lessons 6:
Setting the Standards

  • Exploring the Origins of Accounting Standards
  • Recognizing the Role of the American Institute of Certified Public Accountants
  • Checking Out the U.S. Securities and Exchange Commission
  • Getting to Know the Financial Accounting Standards Board
  • Grasping Accounting Standards Around the Globe

Lessons 7:
Keeping the Books

  • Analyzing the Effect of Business Transactions
  • Managing Your Bookkeeping and Accounting System
  • Wrapping Up with End-of-Period Procedures

Lessons 8:
Tracking Purchases

  • Keeping Track of Inventory
  • Buying Supplies
  • Handling Billing and Payables

Lessons 9:
Tallying Your Sales

  • Collecting on Cash Sales
  • Selling on Credit
  • Proving Out the Cash Register
  • Tracking Sales Discounts
  • Recording Returns and Allowances
  • Monitoring Accounts Receivable
  • Accepting Your Losses

Lessons 10:
Processing Employee Payroll and Benefits

  • Staffing Your Business
  • Collecting Employee Taxes
  • Determining Net Pay
  • Surveying Your Benefits Options
  • Preparing Payroll and Posting It in the Books
  • Depositing Employee Taxes

Lessons 11:
Taxing Payrolls

  • Paying Employer Taxes on Social Security and Medicare
  • Completing Unemployment Reports and Paying Unemployment Taxes
  • Carrying Workers’ Compensation Insurance
  • Maintaining Employee Records

Lessons 12:
Depreciating Your Assets

  • Appreciating Depreciation
  • Comparing Depreciation Options
  • Tackling Taxes and Depreciation

Lessons 13:
Interesting Rates

  • Deciphering Types of Interest
  • Handling Interest Income
  • Delving into Loans and Interest Expenses

Lessons 14:
Proving Out Cash

  • Making Sure That Ending Cash Is Right
  • Closing the Cash Journals
  • Using a Temporary Posting Journal

Lessons 15:
Reconciling Accounts and Closing Journal Entries

  • Reconciling Bank Accounts
  • Prepping to Close: Checking for Accuracy and Tallying Things Up
  • Posting to the General Ledger
  • Checking Out Computerized Journal Records

Lessons 16:
Checking Your Accuracy

  • Working with a Trial Balance
  • Testing Your Balance by Using Computerized Accounting Systems
  • Developing a Financial Statement Worksheet
  • Replacing Worksheets with Computerized Reports

Lessons 17:
Adjusting the Books

  • Adjusting All the Right Areas
  • Testing an Adjusted Trial Balance

Lessons 18:
Stating Your Income

  • Understanding the Nature of Profit
  • Choosing the Income-Statement Format
  • Deciding What to Disclose in the Income Statement
  • Examining How Sales and Expenses Change Assets and Liabilities
  • Considering the Diverse Financial Effects of Making a Profit
  • Reporting Extraordinary Gains and Losses
  • Correcting Common Misconceptions about Profit

Lessons 19:
Balancing Your Sheets

  • Homing in on Historic Cost
  • Discovering What Makes an Asset Current
  • Exploring the Asset Section of the Balance Sheet

Lessons 20:
Digging for Debt in the Balance Sheet

  • Seeing How Businesses Account for Liabilities
  • Keeping Current Liabilities under Control
  • Planning for Long-Term Obligations
  • Accounting for Bond Issuances

Lessons 21:
Explaining Equity

  • Understanding How Owner Equity Varies among Business Entities
  • Distinguishing between Two Types of Capital Stock
  • Defining Paid-In Capital
  • Recording Retained Earnings
  • Spotting Reductions to Stockholders’ Equity
  • Exploring Stock Splits
  • Computing Earnings per Share

Lessons 22:
Interpreting Income Statements and Balance Sheets

  • Rejoining the Income Statement and Balance Sheet
  • Introducing Operating Ratios
  • Adding Fixed Assets, Depreciation, and Owners’ Equity
  • Completing the Balance Sheet with Debt

Lessons 23:
Valuating Finances

  • Clarifying the Values of Assets in Balance Sheets
  • Introducing Business Valuation
  • Comparing Business Valuation Methods

Lessons 24:
Watching Cash Flow and Equity

  • Understanding the Difference between Cash and Profit
  • Flowing Through Cash Transactions
  • Navigating the Three Flows
  • Preparing the Statement of Cash Flows
  • Interpreting the Statement of Cash Flows
  • Stating Changes in Stockholders’ Equity

Lessons 25:
Analyzing Financial Statements

  • Judging Solvency and Liquidity
  • Driving the Balance Sheet
  • Measuring Profitability
  • Exploring Activity Measures
  • Comparing Horizontal and Vertical Analysis
  • Using Common Size Financial Statements

Lessons 26:
Explaining Disclosures

  • Questioning Self-Governance
  • Identifying Corporate Characteristics
  • Reviewing Common Explanatory Notes
  • Putting the Onus on the Preparer

Lessons 27:
Sharing Public Reports

  • Differentiating between Private and Public Companies
  • Finding Purpose in Reports
  • Reading the Annual Report to Shareholders
  • Walking through Form 10-K

Lessons 28:
Looking at the Legals

  • Surveying Structures
  • Going It Alone: Sole Proprietorships
  • Choosing the Right Legal Structure for Income Tax

Lessons 29:
Incorporating Your Business

  • Securing Capital: Starting with Owners
  • Recognizing Legal Roots
  • Incorporating a Business

Lessons 30:
Drawing Up a Business Plan

  • Outlining the Basic Business Plan
  • Developing a Business Plan
  • Incorporating Third-Party Information into Your Plan

Lessons 31:
Budgeting for a Better Bottom Line

  • Brushing Up on Budgeting
  • Recognizing Factors That Affect Your Budgeting Process
  • Understanding Budgeting Basics
  • Reviewing Revenue and Production Budgets

Lessons 32:
Mastering Budgeting Strategies

  • Budgeting with Cash or Accrual Accounting
  • Budgeting to Produce the Income Statement and Balance Sheet
  • Flexing Your Budget: When Plans Change

Lessons 33:
Planning for Long-Term Obligations

  • Managing Long-Term Debt
  • Accounting for Bonds

Lessons 34:
Costing Jobs

  • Understanding How Job Costing Works
  • Taking a Closer Look at Indirect Costs by Using Normal Costing
  • Following the Flow of Costs through a Manufacturing System

Lessons 35:
Costing by the ABCs

  • Avoiding the Slippery Slope of Peanut Butter Costing
  • Designing an Activity-Based Costing System
  • Using Activity-Based Costing to Compute Total Cost, Profit, and Sale Price

Lessons 36:
Contributing to the Margin

  • Computing Contribution Margin
  • Preparing a Cost-Volume-Profit Analysis
  • Generating a Break-Even Analysis
  • Shooting for Target Profit
  • Setting a Margin of Safety
  • Measuring Operating Leverage

Lessons 37:
Accounting for Change with Variance Analysis

  • Setting Up Standard Costs
  • Understanding Variances
  • Teasing Out Variances

Lessons 38:
Pricing Wisely

  • Differentiating Products
  • Taking All Costs into Account with Absorption Costing
  • Pricing at Cost Plus
  • Accounting Extremes: Trying Variable-Cost Pricing
  • Hitting the Bull’s-Eye (Your Target Cost)

Lessons 39:
Formulating Equations

  • Analyzing Profitability
  • Using Assets Effectively
  • Evaluating Firm Liquidity