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  • Our Courses
    • Accounting & Bookkeeping
    • Accounting Software

    Accounting & Bookkeeping Courses

    Certificate IV in Accounting and Bookkeeping
    BAS Agent Skill Set
    CMA® Certification

    Australian Skills

    Introduction to Accounting - AU
    Introduction to Bookkeeping - AU

    North American Skills

    Introduction to Accounting - US
    Introduction to Bookkeeping - US

    Accounting Software Courses

    Xero Courses

    Xero Basic AU
    Xero Advanced AU
    Xero Payroll AU
    Xero Practice Manager AU
    Xero Tax: Accounting Principles

    MYOB Courses

    MYOB Essentials Basics
    MYOB Essentials Advanced
    MYOB Essentials Payroll

    QuickBooks - Australian Courses

    QuickBooks Basics  AU
    QuickBooks Advanced - AU
    QuickBooks Payroll AU

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  1. Home
  2. Introduction to Bookkeeping – US

Introduction to Bookkeeping – US

Master North American bookkeeping fundamentals for an incredible career trajectory 

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Course Information

Jobs in the accounting and bookkeeping industry are some of the most in-demand roles in the United States. This Introduction to Bookkeeping course will arm you with the fundamentals you require to grasp the basic concepts of finance principles and get you on your way to growing your international career, increasing your earning potential, and adding value to an employer.

In this course you will learn the following:

  • Bookkeeping industry fundamentals
  • Accounting equations
  • Introduction to US taxation
  • US payroll
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Details

Price: PHP10,500 or PHP404/week over 26 weeks

Course Duration

Approximately 10 – 15 hours

Access Time

6 months from enrolment

We’re ready when you are

Start any time with flexible learning hours and fully remote modules

Prerequisites

There are no formal prerequisites for this course. However, once we receive your enrolment, an Ab2 Student Experience Advisor will be in touch to ensure this training is right for you.

To maximize your learning, you will need:

  • A working computer with Microsoft Office
  • An internet connection
  • We’re available 24/7 to help with any tech issues. Reach out to us at enquires@Ab²institute.com

Ab² students enjoy:

  • Deep industry connections to future-proof your career
  • Course development and teaching by real-world industry leaders, not academics
  • Unrivalled student support by specialists who only serve the accounting industry
  • Free student membership with accounting and bookkeeping industry bodies
  • 100% flexibility – study online, anytime, anywhere, on any device

Course Modules

Our course has been custom-built by industry experts with decades of real-world, practical experience and knowledge. This will give you top-notch skills and understanding, making you job-ready the moment you graduate.

Definition of Bookkeeping, Accounting and Reporting
Accounting Records and Financial Statements
  • Statement of Financial Position (Balance Sheet)
  • Statement of Operations (Income Statement)
  • Statement of Cash Flows
  • Statement of Changes in Equity
Key Elements of Statement of Financial Position
  • Assets
  • Liabilities
  • Equity
Key Elements of Income Statement
  • Revenue
  • Cost of Sales
  • Other Income
  • Distribution cost
  • Administrative Expenses
  • Other Expenses
  • Finance Charges
  • Income Taxes
  • Prior Period Comparatives
Cash Flow Statement (Three Parts)
  • Operating Activities
  • Investing Activities
  • Financing Activities
Statement of Changes in Equity
  • Opening Balance
  • Effect of Changes in Accounting Policies
  • Effect of Correction of Prior Period Error
  • Restated Balance
  • Changes in Share Capital
  • Dividends
  • Income/Loss for the Period
  • Changes in Revaluation Reserve
  • Closing Balance
Basic Accounting Principles
  • Business Entity Concept
  • Going Concern Assumption
  • Accrual Basis of Accounting
  • Time Period (Periodicity)
  • Monetary Unit Assumption
The Accounting Cycle
  • Identifying and analyzing business transactions and events
  • Recording transactions in the journal
  • Posting journal entries to the ledger
  • Preparing an unadjusted trial balance
  • Recording and posting adjusting entries
  • Preparing an adjusted trial balance
  • Preparing the financial statements
  • Recording and posting closing entries
  • Preparing a post-closing trial balance
  • Preparing and closing reversing entries
T-Accounts, Debits and Credits
Balancing off Accounts and Preparing a Trial Balance

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