Small Business Accounting

Diploma in Small Business Accounting

The Ideal Course to get a Head Start to your Accounting Career, or learn the ins and outs of Small Business Accounting!

Having an idea of starting your own business and maintaining an effective accounting system?

ENROLL NOW!

Learning accounting for small businesses can be a very rewarding experience. Accounting is practical and can be put to good use, benefiting small businesses which are often run without any accounting knowledge or standard practices. Small Business Accounting (USA Standards) involves the basics of the accounting cycle plus inventory control, if needed. Accounting does not need to be complicated or difficult, it can be simple and effective for a small firm.

This Small Business Accounting Diploma course covers all of the relevant and up-to-date information that need to be included and what systems should be used to record them. This course clearly defines how to improve and forecast cash flow, how to budget in business, and outlines how to respond to purchase or sales invoices. There is also a module explaining the importance of good credit control, including how to successfully speak to and deal with late-paying customers. This Small Business Accounting course gives you a complete and accurate skill set which includes the day-to-day financial operations tasks carried out by small to medium-sized businesses.

Our online programme is so well designed that you feel as if you are in the classroom. This course is comprised of professionally narrated e-Learning modules, interactive quizzes, tests and exams. All delivered through a system that you will have access to 24 hours a day, 7 days a week for 365 days (12 months). Effective support service, and study materials (including step by step guided tutorial videos) build your confidence to study efficiently and guide you to secure your qualification.

Please Note: This Course is Based on USA Standards

This Small Business Accounting online training course is comprehensive and designed to cover the key topics listed under the curriculum

✦COURSE CURRICULUM : Small Business Accounting✦

➤(Module 01) : Introduction to Accounting

• Introduction
• What is Accounting
• Bookkeeping
• Financial Accounting
• Balance Sheet
• Financial Accounting
• Managerial Accounting
• Income Taxes

➤(Module 02) : Financial Statements

• Financial Statements

➤(Module 03) : Assets and Liabilities

• Assets and Liabilities

➤(Module 04) : Accounting Transactions

• Trial Balance
• Adjusting Entries
• Closing the Book
• Sales Revenue, Gross Profit and Operating Activities

➤(Module 05) : Inventory and Cost Methods

• Classifying Inventory
• Determining Inventory Quantities
• Cost of Goods Sold
• FIFO and LIFO
• Average Cost Method

➤(Module 06) : Stakeholders and Equity

• Corporate Form of Organization
• Stock Issue Considerations
• Accounting for Treasury Stock
• Preferred stock
• Dividends and Retained Earnings

➤(Module 07) : Managerial Accounting

• Introduction to Managerial Accounting
• Code of Ethics for Managerial Accounting
• Managerial Cost Concepts
• Other Managerial Concepts

➤(Module 08) : Cost Accounting

• Cost Accounting System
• Job Order Cost Flow
• Reporting Job Order Costing
• Process Cost Systems
• Activity Based Costing

➤(Module 09) : Costs and Expenses

• Cost Behavior
• Break Even Analysis and Contribution Margin Ratio
• Margin of Safety

➤(Module 10) : Budgetary Control

• Budgetary Control
• Static and Flexible Budgets
• Responsibility Accounting
• Standard Costs
• Analyzing and Reporting Variances

➤(Module 11) : Analysis and Decision Making

• Introduction to Management Decision Making
• Incremental Analysis
• Capital Budgeting
• Other Tools for Analysis and Decision Making

➤(Module 12) : Module Book- Accounting for Small Business

• What is Accounting
• Financial Statements
• Assets
• Liabilities
• Other Accounting Transactions
• Inventory
• Stockholder’s Equity
• Managerial Accounting
• Cost Accounting Systems
• Behavior of Costs and Expenses
• Cost Controlling
• Profit and Budget Planning
• Management Decision Making

➤(Module 13) : Book Keeping Training Manual

• Introduction
• Basic Terminology (I)
• Basic Terminology (II)
• Accounting Methods
• Keeping Track of Your Business
• Understanding the Balance Sheet
• Other Financial Statements
• Payroll Accounting/Terminology
• End of Period Procedures
• Financial Planning, Budgeting and Control
• Auditing
• Wrapping up

Course Duration

You will have 12 Months access to your online study platform from the date you purchased the course. The Small Business Accounting course is self-paced so you decide how fast or slow the training goes. You can complete the course in stages revisiting the training at any time.

Method of Assessment

At the end of the Small Business Accounting course learners will also take an online multiple choice question assessment test. This online multiple choice question test is marked automatically so you will receive an instant grade and know whether you have passed the course.

Certification

Successful candidates will be awarded certificate for Diploma in Small Business Accounting

Course Objectives

This Diploma in Small Business Accounting course provides small business owners, bookkeepers and management with the information they need to create an effective and reliable accounting and bookkeeping system in their businesses.

What Will I Learn?

• Learn how small businesses can benefit by using standard practices and accounting
• Ability to understand the accounting cycle and the aspect of inventory control effectively
• Ability to use accounting in a small business as a simple and effective tool for the business
• Learn all up-to-date information in the subject
• Learn the accounting systems to use and how to record accounts successfully
• Learn how to increase and forecast cash flow, how to budget in business and how to respond to sales invoices

This Small Business Accounting Diploma will be of great interest to business owners and business professionals who would like to better understand the transactions and controls used in business, and to any learner who is interested in accounting as a future career.

This Small Business Accounting course requires no formal prerequisites and this certification is open to everyone

• Finance Controller – £46,887 per annum
• Accountant – £28,599 per annum
• Finance Manger – £38,059 per annum
• Payroll Administrator – £20,010 per annum
• Bookkeeper – £20,729 per annum
• Account Assistant – £20,341 per annum
• Office Administrator – £17,448 per annum
• Accounts Receivable Clerk – £20,228 per annum
• Payroll Clerk – £18,528 per annum
• Staff Accountant – £23,858 per annum