Overview

Basics of Bookkeeping Course

The Basics of Bookkeeping course will help you understand, and know how to record, every penny that comes into your business and every penny that goes out of your business. This course shows you how to create a chart of accounts that meet your needs. All of the money you spend, and all of the money you earn, have a place to go. How do you record them? What are debits and credits? What do the numbers mean? How do I label accounts? Even if you outsource your bookkeeping needs, you should still have a basic understanding of what happens with the money earned and the money spent. No one should be blind to his or her finances! In this course, you will learn where the numbers go, and why! You will learn the bookkeeping terminology as well as what it means to keep track of the numbers. At the end of the cycle, what do the numbers mean? The Basics of Bookkeeping will show you how to keep track of the numbers and why! A free trial version of the software is provided to use during the class.

Please email STTCE@fanshawec.ca or call 519-633-2030 to ensure your email is accurate to obtain access to this course.

Please note this is not a Fanshawe Certificate or course. Ensure your contact information is up to date on Web Advisor. This course runs asynchronously online and is offered in partnership with LERN and UGotClass. Once completed you will obtain a LERN certificate.

 

Unit 1

The Accounting Equation and Chart of Accounts

  • The accounting equation
  • The chart of accounts for a business
  • Temporary accounts (Revenue and Expenses)
  • Where the accounts fall under the accounting equation

Unit 2

Journals and the General Ledger

  • Special Journals
  • General Journal
  • The General Ledger Accounts

Unit 3

Recording Transactions

  • The Rules
  • Debits and Credits
  • T-Accounts
  • Using journals to record transactions

Unit 4

Month End Closing

  • Adjusting Entries
  • Posting to the General Ledger
  • End of month account balances

 

For each Unit, you will:

  • Access the online readings
  • Listen to the audio presentation for the Unit and view the slides
  • Take a self-quiz to see how much you have learned
  • Engage in written online discussion with your instructor and other participants

 

For best learning, you should make one or more comments at 2-3 different times each day.

The content (readings, audio lectures, slides) and self quizzes are accessible for the entire course, so you can work ahead, or go back and review again, at your convenience.

Course Code:
ACCT-9021
Area of Interest:
Prerequisites:
Credential:

Course Offerings

Summer 2025

to
$280.00
Delivery:
Online
Location:
St. Thomas
Days & Times:
Section Number:
65ST
Refund Policy:
7 days after course start date

Course Details

More details
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Download the Part-time Studies Guide

 

What's included:

  • How to assess if part-time learning is right for you
  • Part-time learning options and the differences between each
  • How to pay for your part-time education
  • Part-time options within your area of interest
  • How to sign up for part-time studies and where to get help

 

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