Syracuse University - Microcredentials

Accounting Fundamentals

Course Prefix and Number

PSS 007

Interest Areas

Business & Management

Boost your financial awareness and gain a marketable skill with our comprehensive Accounting Fundamentals course. Learn double-entry bookkeeping, financial transactions, and financial reporting, while gaining hands-on experience with accounts receivable, accounts payable, payroll procedures, and more.

Accounting Fundamentals - 1252 - U001 - 54853

Class Section

54853

Section Number

U001

Format

Online, self-paced

Location

ed2go

Registration Close

05/06/2025

Grading

Grade - PASS/FAIL (P/F)

Fee

$129.00

Boost your financial awareness and gain a marketable skill with our comprehensive Accounting Fundamentals course. You will learn the basics of double-entry bookkeeping, how to analyze and record financial transactions, and gain hands-on experience with accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities. This course covers everything from writing checks to preparing an income statement and closing out accounts at the end of each fiscal period. Whether you're a sole proprietor looking to manage your business finances or seeking to understand accounting basics for career advancement or personal use, this course will provide you with a solid foundation in financial matters.

Learning Outcomes
By the end of this course, you will be able to:

Describe and apply the principles of double-entry bookkeeping to accurately record financial transactions.
Analyze and record various financial transactions using standard accounting practices.
Manage accounts receivable and accounts payable effectively, ensuring accurate financial records.
Handle payroll procedures and sales taxes with confidence and accuracy.
Perform common banking activities such as writing checks and reconciling bank statements.
Prepare financial reports, including income statements, and close out accounts at the end of a fiscal period.
Utilize accounting knowledge to manage business finances or advance your career in the accounting and finance field.

Outline

Account Classifications, Account Titles, T Accounts, and the Accounting Equation
General Ledger Accounts and Balance Sheet
Journalizing Transactions and Posting to the General Ledger
Journalizing and Posting Cash and Charge Purchases and Payments on Account
Journalizing and Posting Cash and Charge Sales and Cash Received on Account
Payroll and Various Deductions
Banking Services and Reports
Posting Journal Totals to the General Ledger and Schedule of Accounts Payable and Schedule of Accounts Receivable
End-Of-Year Worksheet
End-Of-Year Financial Reports
Journalizing and Posting Adjusting Entries
Journalizing and Posting Closing Entries and Preparing a Post Closing Trial Balance

Course Access
Participants can start in this course at any point during the semester. Once registered, they will have up to 6 weeks to complete 24 hours of coursework.

Drop Policy
Participants who are enrolled in this course may request a drop and/or a refund up to 13 days from the purchase date. Participants will only be refunded if they have completed less than 50% of the course and have not taken the final exam.

External Partnership
In an effort to broaden our course offerings, Syracuse University has partnered with leaders in their respective fields to provide learning opportunities for our students. This course is brought to you through our partnership with ed2go. Once you have completed the checkout process, you should expect to be contacted by a ed2go representative within 1-3 business days with information on how to access your course material and getting started. They will be your main point of contact while you are going through the coursework. Feel free to reach out to Syracuse University if you have any questions at microcredential@syr.edu or 315.443.2588.

Credential
At the successful conclusion of this microcredential program, participants will receive a co-branded digital badge from ed2go and Syracuse University, College of Professional Studies, which can be shared on LinkedIn or any digital media, and which will provide complete detail on information learned and competencies gained throughout the program.

Sponsoring Department Contact Information
If you have any questions regarding this course, please contact the College of Professional Studies Office of Microcredentials at microcredential@syr.edu or 315.443.2588.