Academy of Learning offers two bookkeeping training levels for every one from pure beginners, to those needing a refresher, to those who need to upgrade their skills to an expert level. We additionally have training on Quickbooks, Sage 50 and Sage 300. Each course includes everything you need for success.
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Each bookkeeping course is available at the following campuses:
The first of our bookkeeping courses provides you with an understanding of the double entry system of bookkeeping and provides the essential accounting tools for the workplace. The course is especially beneficial if you are planning to take a computer accounting program or use computer accounting in the workplace. Basic Bookkeeping – Level 1 explains the principles of handling a company’s books of accounts, including Accounts Payable, Accounts Receivable, and Payroll. During the course you will practice entering data into journals, posting to ledgers, balancing the ledgers, performing trial balances, and entering adjustments into the records. View PDF of Basic Bookkeeping Level 1.
Lesson 1: History and the Big Ideas of Bookkeeping
The History of Double Entry; Personal Income Statements; Personal Net Worth Statements; Developing a Chart of Accounts; Bookkeeping for Debits and Credits; the Double Entry Concept
Lesson 2: Fundamental Journals and Sales
The Books of Original Entry; the Purchases Journal; Vendors’ Invoices; the Sales Journal; Sales Invoices
Lesson 3: Cash
Cash Receipts Journal; Cash Disbursements Journal
Lesson 4: Payroll in Bookkeeping
The Company Payroll; Using Deduction Tables; the Payroll Clearing Account; Remitting Payroll Deductions
Lesson 5: The General Journal and Ledger
The General Journal; The General Ledger; Posting to the General Ledger; Understanding and Posting Subsidiary Ledgers; the General Ledger Trial Balance
Lesson 6: Adjusting and Revising
Adjusting Entries; Closing the Books; Reversing Entries
Level 2, the second of our Bookkeeping courses, provides you with a greater understanding of accounting and the procedures used to produce financial reports. It begins with a review of the bookkeeping procedures learned in the Level 1 bookkeeping course and the process of balancing each of the subsidiary ledgers to its respective control account. Next, learn about the different forms of business ownership (sole proprietorship, partnership and corporation), and then about the different types of organizations (service, merchandising, and manufacturing).
This course explains the principles of handling a company’s petty cash account, reconciling the company’s bank account, calculating amortization and calculating the gain/loss on disposal of capital assets. During the course, you will examine the Income Statement, the Statement of Owner’s Equity and the Balance Sheet, and then practice completing these financial statements. Finally, learn briefly about the transition from a manual to a computerized system.
If you have limited experience in bookkeeping, we have provided a Supplement at the end of the workbook that contains information on the routines of bookkeeping, the accounting cycle, important percentages, accountability for work done, procedures to guarantee accuracy, monthly versus year-end procedures and safekeeping records. View PDF of Basic Bookkeeping Level 2.
Lesson 1: Review of Bookkeeping Procedures
Review of Bookkeeping Procedures; Trial Balance of Accounts Receivable and Accounts Payable Ledgers
Lesson 2: The Shape of Business
Forms of Business Ownership; Types of Business Organizations
Lesson 3: Cash and Bank Accounts
Petty Cash; Reconciling the Bank Account
Lesson 4: Assets!
Capital Assets; Depreciation and Amortization; Disposal of Capital Assets
Lesson 5: Statements in Bookkeeping
The Income Statement; The Statement of Owner’s Equity; The Balance Sheet; Preparation of Financial Statements
Lesson 6: Computerized Accounting and Payroll
The Transition; Introduction to Simply Accounting 2005; Setting up a Computerized Accounting System; The Subsidiary Ledgers; The Payroll Ledger; Daily Transactions and Monthly Procedures
Supplement: Taking it from the Bookkeeping Course out into the real world!
Routines; The Accounting Cycle; Important Percentages; Accountability for Work Done; Procedures to Guarantee Accuracy; Monthly Versus Year-End Procedures; Safekeeping Records
Our bookkeeping courses includes online/digital resources, interactive practice, remote access for safety, one-on-one Learning Coach assistance, comprehensive textbooks and workbooks. These courses are recognized across the province and country. They are also eligible for third party funding including Worksafe, insurance, employer, WorkBC organizations and many more.
Students accomplish the learning objectives for each module through a series of hands-on tasks, for which they are given step-by-step instructions and desired result checkpoints. The tasks provide ample opportunity for students to practice, apply, and develop the skills covered in the course.
A practice exercise and review questions are included at the end of each module to measure progress and reinforce the skills learned. There is also a lab exercise at the end of the course to provide further practice and review to reinforce the topics learned throughout the course, and to help prepare students for the exam.
