Course Title: Accounting and Bookkeeping Fundamentals

Course Duration: 11 Weeks

Course Overview:
In this self-paced course, students will embark on a journey into the world of accounting and bookkeeping. Through a series of recorded lessons and activities, they will delve into the foundational concepts, principles, and techniques essential for understanding and applying accounting practices. From grasping the importance of accounting to mastering the preparation of financial statements, students will gain a comprehensive understanding of the role of accounting in business operations.

Week 1: Introduction to Accounting
Understanding the Importance of Accounting
Types of Accounting Information
Overview of Generally Accepted Accounting Principles (GAAP)
Introduction to Accounting Reports

Week 2: Fundamental Concepts of Accounting
Exploring Main Accounting Concepts
Relationship between Concepts and GAAP

Week 3: Introduction to Transaction Analysis
Utilizing the Basic Accounting Equation
Analysis of Business Transactions
Understanding Assets, Liabilities, Owner's Equity, Revenues, and Expenses

Week 4: Record Keeping and the Accounting Process
Overview of Formal Record Keeping
Steps Involved in the Accounting Process
Transaction Analysis, Chart of Accounts, General Journal, Posting Process

Week 5: Linking the Income Statement and the Balance Sheet
Understanding the Relationship between Income Statement and Balance Sheet
Financial Statements Reflected in the Accounting Equation

Week 6: Trial Balance and Financial Statement Preparation
Preparation of Trial Balance
Financial Statement Preparation: Income Statement and Balance Sheet

Week 7: Accrual Accounting and Adjusting Entries
Concept of Accrual Accounting
Basics of Adjusting Entries
Revenue Recognition and Matching Principles

Week 8: Depreciation
Understanding Depreciation
Calculation of Depreciation Amounts

Week 9: Closing the Books
Importance and Process of Closing the Books
Steps Involved in Closing the Books

Week 10: Ratio Analysis
Introduction to Financial Statement Analysis
Using Ratios for Analysis between Balance Sheet and Income Statement

Week 11: Business Ownership
Major Forms of Business Ownership
Advantages and Disadvantages of Each Form

Course Conclusion:
By the end of this course, students will have acquired a solid foundation in accounting and bookkeeping principles. They will be equipped with the knowledge and skills necessary to understand and apply accounting concepts in real-world scenarios, laying the groundwork for further exploration and specialization in the field of accounting.