If you're interested in pursuing a career in accounting or bookkeeping, you're in luck - many online and on-campus certificate programs are available to help you get started.
Some certificate programs can be completed in as little as a few months, while others may take up to a year to finish.
Many programs are designed to be flexible, allowing you to balance coursework with work or other responsibilities.
Online programs often offer the same curriculum and instruction as on-campus programs, but with the added convenience of being able to complete coursework from anywhere.
For another approach, see: Accounting Clerk Programs
What You'll Learn
In an accounting and bookkeeping certificate program, you'll learn the fundamentals of bookkeeping concepts and accounting measurement. You'll gain a solid understanding of the double-entry bookkeeping system and how to work through the various phases of the accounting cycle to produce key financial statements.
You'll practice interpreting and analyzing financial statements to make key business decisions. This will help you develop strong analytical skills to identify trends and solve complex accounting issues.
Some of the essential skills you'll gain include:
- Double-Entry Bookkeeping System
- Bookkeeping
- Bank Reconciliations
- Accounting Concepts and Measurement
You'll also learn how to create financial reports using QuickBooks Online and how to apply proper procedures for receiving and recording cash, checks, and vouchers in compliance with federal, state, and company policies, procedures, and regulations.
With an accounting and bookkeeping certificate, you'll be well-prepared to pursue various job opportunities in the financial sector, including accountant, bookkeeper, financial analyst, and more.
Course Information
If you're looking to pursue an accounting and bookkeeping certificate program, you'll find a variety of options available. Some programs, like the Intuit Academy Bookkeeping program, offer a professional certificate in just 4 courses, with an estimated completion time of 6 months.
The Intuit Academy Bookkeeping program covers key topics such as assets, liabilities, and owner's equity, as well as payroll and wholesale accounting. You'll also learn how to work with QuickBooks Online and gain a foundational understanding of accounting principles. Other programs, like Penn Foster's Bookkeeping Course, offer 8 courses and 29.1 continuing education units (CEUs), with an estimated completion time of 12 months.
Here are some key details about popular accounting and bookkeeping certificate programs:
These programs can be a great way to gain the skills and knowledge you need to succeed in the field of accounting and bookkeeping.
Time Commitment
The time commitment for this course is relatively flexible, but it can vary depending on your schedule. On average, it takes about four months to complete the professional certificate on a part-time basis of less than four hours of study per week.
If you're able to dedicate more time each week, you can complete the course in less time. However, it's essential to find a balance that works for you.
The course can be completed in as little as 11 weeks, with a commitment of 8 hours per week.
Course Catalog
If you're looking for a comprehensive course catalog, you've come to the right place. Many online platforms offer a wide range of bookkeeping and accounting courses, including Intuit Academy, Coursera, and Penn Foster.
You can earn a Professional Certificate in Bookkeeping through Intuit Academy, which prepares you for a variety of jobs in public accounting, private industry, government, and non-profit organizations. This program is designed for detail-oriented individuals who are passionate about solving clients' problems.
Intuit's Professional Certificate program consists of 4 courses and requires access to spreadsheet software, such as Excel or Google Sheets. You'll learn how to build a foundation of bookkeeping concepts and accounting measurement, work through the phases of the accounting cycle, and practice interpreting and analyzing financial statements.
Coursera offers a Bookkeeping course curriculum that covers topics such as types of business transactions, double-entry bookkeeping systems, and maintaining ledger accounts. You can choose from various courses, including "Bookkeeping Basics" and "Precision Bookkeeping: Records, Reconciliation, Reporting".
Penn Foster's Bookkeeping course curriculum includes 8 courses, 29.1 continuing education units (CEUs), and 14 exams. The estimated completion time is 6 months for fast track students and 12 months for average learners.
Here's a list of popular accounting and bookkeeping courses:
- Intuit Academy Bookkeeping
- Bookkeeping Basics
- Precision Bookkeeping: Records, Reconciliation, Reporting
- Introduction to Financial Accounting
- Financial Business Accounting and MIS Reports
- Creating a Budget with Microsoft Excel
- Discounted Cash Flow Modeling
- U.S. Federal Taxation
- Business Foundations
- Forensic Accounting and Fraud Examination
These courses are designed to help you build a strong foundation in bookkeeping and accounting, and can be completed on a part-time basis of less than four hours of study per week.
Financial Concepts
Business accounting is the backbone of any successful company, and it's essential for business owners to understand its principles. According to QuickBooks Online, business accounting involves tracking and recording financial transactions to make informed decisions.
To get started, it's helpful to know the basics of bookkeeping. The American Institute of Professional Bookkeepers defines bookkeeping as the process of recording, classifying, and reporting financial transactions.
Here are some key principles of bookkeeping to keep in mind:
- Accurate and timely financial records are crucial for business success.
- Bookkeeping helps business owners identify areas for improvement and make data-driven decisions.
- Financial statements, such as balance sheets and income statements, provide a snapshot of a company's financial health.
Assets
Assets are the lifeblood of any business, and understanding what they are and how they work is crucial for financial success. Assets are essentially what a business owns or has a claim to, such as cash, accounts receivable, inventory, and property.
A business may have various types of assets, including current assets, which are expected to be converted into cash within a year, and non-current assets, which are not expected to be converted into cash within a year.
Broaden your view: Current Accounts
Control over inventory is essential because it allows a business to track its stock levels, manage its supply chain, and prevent losses due to theft or damage.
Depreciation expense is reported on an income statement as a non-cash expense, which means it doesn't involve any actual cash outflow. This expense is recorded over the useful life of an asset, such as a piece of equipment or a building.
Transactions can be recorded in terms of the resulting change in the elements of the accounting equation: assets = liabilities + equity. For example, when a business sells inventory, its assets decrease, but its cash increases, which in turn affects its equity.
Here are some common types of assets a business may have:
- Cash and cash equivalents
- Accounts receivable
- Inventory
- Property, plant, and equipment
- Intangible assets
Liabilities and Equity
Liabilities are a crucial aspect of a company's financial health, and understanding them is essential for making informed business decisions. Liabilities are amounts owed by a business to its creditors, and there are three main characteristics of liabilities: they are debts or obligations, they are usually short-term, and they are typically settled through cash payments.
Take a look at this: Disclosure of Contingent Liabilities in Financial Statements
One of the key payroll accounting functions is processing payroll, which involves calculating employee wages, taxes, and benefits. This task requires attention to detail and timely payments to avoid penalties and fines.
Equity, on the other hand, represents the ownership interest in a business. There are different types of equity, including common stock, preferred stock, and retained earnings. Common stock represents the ownership interest in a business, while preferred stock represents a claim on assets and dividends. Retained earnings represent the profits reinvested in the business.
The accounting equation, also known as the balance sheet equation, is a fundamental concept in accounting that describes the financial position of an organization. It is represented by the formula: Assets = Liabilities + Equity.
Here's a summary of the different types of equity:
Financial Statement Analysis
Financial Statement Analysis is a crucial tool for businesses and investors alike. It helps us understand a company's financial health and make informed decisions.
A bank reconciliation is a key part of controlling cash, as it ensures that a company's cash records match the bank's records. This helps prevent errors and discrepancies.
Financial statements, including the Balance Sheet and Income Statement, provide a snapshot of a company's financial position and performance. They help stakeholders make informed decisions about investments and business operations.
Basic financial statement analytical methods include ratio analysis, trend analysis, and comparison with industry averages. These methods help identify areas of strength and weakness within a company.
To analyze a company's health, we can use quantitative skills such as calculating the current ratio, which measures a company's ability to pay its short-term debts. A current ratio of 1.5 or higher is generally considered healthy.
By applying these analytical methods, we can gain a deeper understanding of a company's financial situation and make more informed decisions.
You might like: What Is a Current Accounts
Frequently Asked Questions
What's the best bookkeeping certification?
The best bookkeeping certification is the Certified Bookkeeper (CB) or Certified Public Bookkeeper (CPB), which is considered the highest level of certification. These certifications are offered by organizations like NACPB and AIPB and demonstrate advanced bookkeeping skills.
Is bookkeeping certificate same as accounting certificate?
Bookkeeping and accounting certificates are related but distinct, with accounting often requiring more education and expertise. While a bookkeeping certificate can be a good starting point, it's not the same as an accounting certificate, which typically requires a degree or advanced education in a field like accounting, economics, or finance.
What certificate do you need to be a bookkeeper?
To become a bookkeeper, a certificate in bookkeeping or a degree in accounting (such as an associate or bachelor's degree) is typically required. Practical training through an internship or on-the-job experience can also be beneficial.
How much does a bookkeeping certificate cost?
Bookkeeping certification costs start at $369 for programs like NACPB Bookkeeping Certification, while more comprehensive options like QuickBooks Certification cost $679.95. Prices may vary depending on the program and its features.
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