Having bookkeeping and accounting knowledge can open you up to several career possibilities. The key is finding the right course so that you get adequate knowledge to pursue entry-level job openings. One of the options is the Introduction to Bookkeeping and Accounting course.
This course is ideal for those who have no prior experience working in this field. However, if you do have experience and want to refresh your skills, the Introduction to Bookkeeping and Accounting course can be advantageous for you too.
Why You Should Think About a Bookkeeping Career
Many people were not fans of their math classes when they were in school. They were often mundane and there were surely times when you thought you would never use what you were learning. However, as you get older, it is easy to see that math plays a role in almost every aspect of your life.
As a bookkeeper, you are taking a variety of basic math principles that you learned in school and using them to earn a living. You assist companies in making sure that all of their math adds up so that they can maintain their financial well-being. This means that you play a role in whether a company fails or succeeds.
Every industry benefits from the skills of a professional bookkeeper, so you can choose the environment that you work in. For example, if medicine interests you, you might consider working as a bookkeeper for a hospital or medical office. This ensures that you enjoy the industry that you are working in.
There are also different ways to work as a bookkeeper. Some people start their own business so that they have complete control over the direction of their career. You can also work on a freelance basis or you can work for a sole employer.
What is the Introduction to Bookkeeping and Accounting Course?
This is a course that teaches the principles and fundamentals of bookkeeping, as well as some basic accounting information.
Many types of people can benefit from completing this program, including:
- You want to gain entry-level skills in bookkeeping
- You have experience in bookkeeping, but you want to refresh your skills for a promotion or before going back to work after taking time off
- You are a bookkeeper planning to take a certification examination and you want to review bookkeeping principles and fundamentals
- You are a business owner who wants to know how to do your own bookkeeping
- You are studying for ACCA, CA or CPA and need a course for examination preparation
This course is comprehensive, providing you with everything you need to function efficiently as a professional bookkeeper. Since it also provides you with some basic accounting information, you will be prepared to fully take care of the books for any company that you choose to work for.
The primary element of this course is the on-demand video. This is the delivery method for the lectures that you use to learn all of the information in the course. There are approximately 37 minutes of video that you will watch as you progress through the course.
In addition to the video content, you have access to four articles that expand upon the fundamentals that you learn. You also gain access to four downloadable resources that you will use to reinforce what you are learning at different points throughout the course.
Once you complete all of the required elements of this course, you are given a certificate of completion. You can use this along with your resume to show potential employers that you have the necessary training to work as a professional bookkeeper.
Who Developed This Course?
This course is offered on the Udemy e-learning platform. It has one instructor with an extensive background in accounting and bookkeeping.
Paula Guilfoyle is the instructor for this course. She has over 15 years of experience working as a certified public accountant. Her core experience includes accountancy, process improvement, group accounting, training, business management, internal auditing and operating management.
She uses her years of experience in the field and relays this information throughout the course so that you can link what you are learning to real-world experience. For more than five years, Paula has been an e-learning educator.
A Look at the Introduction to Bookkeeping and Accounting Course
There are 11 key lecture units in this course. It has five other sections and four bonus lectures. The program starts with the very basic bookkeeping information and builds on it as you progress through the units. All of the tools and resources that you need to fully complete this program are included on the website.
It is very important to not skip this part of the course. The total lecture is just over one minute in length. While it is short, the video provides important information about the course so that you know what to expect as you go through the different lecture units. You also get a quick introduction to accounting and bookkeeping.
Learning Tips and Certificate
This section talks about the certificate of completion that you get once you finish this course. It provides information about what you need to do to make sure that you earn this certificate. Here you will also get some information and tips and how to study and properly use the different parts of this course so that you get the most benefit from each lecture unit.
Lecture Unit One
This is the first official lecture unit in this course. It starts by explaining what a bookkeeper does and why professional bookkeepers are an important part of every business.
Lecture unit one also delves into a variety of financial transaction types that businesses deal with, including:
- Petty cash
Another element of this unit is accounting. It will explain what accounting is and why understanding bookkeeping is imperative for being able to learn the principles of accounting.
Lecture Unit Two
Here you learn about business financial information and the people who are interested in it. It talks about things like banks, vendors, tax authorities and other people and organizations that have an interest in a company’s financial status and why.
Lecture Unit Three
Credit and cash transactions are the focus of this lecture unit. You will learn about what a credit transaction is, how to use it and when to utilize this type of transaction. Here you also get some information about invoices and what they mean. Information about cash transactions and when they are appropriate are also included.
Lecture Unit Four
Lecture unit four is one of the longest sections in this course. It is focused on teaching you about the different types of financial documents. As a bookkeeper, proper documentation is essential for helping a business to get a visual of their finances and related information.
You learn about a variety of documents and related topics, such as:
- Delivery notes
- Purchase orders
- Goods received notes
- Credit notes
- Remittance advice
Lecture Unit Five
This unit explores document retention and document completion. You will learn about how to properly fill out all of the different documents that you will use when you are working as a bookkeeper. The unit also helps you learn how to retain and organize your documents once you complete them.
Lecture Unit Six
Working with assets is a major task that bookkeepers deal with and this is the focus of this unit. You will learn about what an asset is, non-current assets and current assets. It also explores how different asset types relate to one another.
Lecture Unit Seven
Another major element of bookkeeping is working with liabilities. This unit will define liabilities and explain the different types that you need to know when you are working as a bookkeeper. It explores both non-current and current liabilities.
Lecture Unit Eight
This unit is not a traditional lecture, but an activity. By completing this activity you will gain a greater understanding about what liabilities and assets are.
Lecture Unit Nine
Expenditure and income are the focus of this lecture unit. This lecture will tell you what an expenditure is and the role that it plays in the income of a company. You are then introduced to income. The unit will define income from a business perspective and discuss the different elements that you need to consider when calculating a company’s income.
Lecture Unit 10
This lecture unit teaches you about the accounting equation and capital. Once you complete the video, you will know what capital is and why it is considered a special liability. It will become clear the roles that liabilities and assets play in a company’s capital. You will explore the accounting equation, what it is and how you can take advantage of it. Unit 10 also explains how the accounting equation and capital relate to one another.
Lecture Unit 11
This is the final lecture unit. It will take you under two minutes to complete the video in this section. You will learn about two concepts, including double-entry accounting and single-entry accounting. It explains what each of these accounting methods is, when to use them and their importance for bookkeepers.
This section provides a recap of what you should understand now that you completed this course.
It says that you should be able to:
- Accurately state why bookkeeping is important
- Define the different transaction types
- Recognize common business documents
- Identify reasons for document retention
- Describe what the accounting equation is and why it is important
Notes for the Course
Here you will find all of the relevant notes that relate to the content presented in this course. You can print them out so that you have a hard copy that you can review quickly whenever you need a refresher. It is also a good idea to have the notes handy as you go through each lecture unit.
Knowledge Retention and Testing Your Knowledge
This section includes a test that consists of 18 questions. It will show you if you properly understood all of the concepts that were explored during this course. Once you finish it, look at any answers that you got wrong so that you know which lecture units to review again.
There are four lectures in this bonus section.
- Learning break
- Professional accounting or bookkeeping examinations
- How to display your certificate on Linkedin
- Bonus lecture
How Much Does This Course Cost?
Aspiring students will receive full access to this course for $34.99. You pay for the course making a one-time payment. After you make your payment, you get immediate access to all of the lessons and materials. This website also provides you with lifetime access to this program for no extra fees.
This fee allows you to access this course from multiple devices, including your computer, cellphone, television or tablet. Once you successfully complete all of the units in this course, the fee that you pay includes the certificate of completion that you will receive to prove that you obtained education in this field.
How Introduction to Bookkeeping and Accounting Can Help Your Career
While bookkeeping is not a career that requires a four-year degree, you do need to have a specific skillset. This program provides you with the skills that you need to start your career.
Upon completion of this course, you will be eligible for entry-level positions in bookkeeping. On average in 2019 in the US, this field has an annual salary of $37,402 (varies each year). If you opt to be a bookkeeper on a freelance basis, you can expect an average salary of about $10,000 to $30,000 more per year.
Since you get a certificate of completion after successfully finishing this course, you can prove that you obtained an education to prospective employers. This can give you an edge compared to people who completed programs that do not offer a certificate.
The topics in this course are diverse. It covers all of the principles of bookkeeping and some topics that are associated with accounting. Since it also includes the accounting equation, you will be able to qualify for jobs that want applicants that also has some basic knowledge of accounting fundamentals.
This Introduction to Bookkeeping and Accounting course ensures that you learn all of the necessary knowledge to pursue entry-level jobs in this industry. You need no knowledge of bookkeeping to benefit from this course. In fact, it is ideal for those who want to start a career in this field with no prior experience.
All you have to do is register and follow the course outline. It does not take long to finish, so you will be ready for the job market quickly.