Excel Accounting 3 – Enter First Month of Transactions

Introduction

Are you struggling to keep up with the complexities of financial transactions in your business? Understanding how to effectively manage these transactions is crucial for any aspiring accountant or business owner. The course "Excel Accounting 3 – Enter First Month of Transactions" offers a comprehensive guide to mastering accounting principles using Excel. This course not only teaches you how to record financial transactions but also how to analyze their impact on various financial statements. The main value proposition of this course is its ability to demystify accounting processes and provide practical, hands-on experience in a transparent and accessible format.

Course Details

Course Curriculum Overview

"Excel Accounting 3 – Enter First Month of Transactions" dives into the practical application of accounting principles using Excel. The curriculum covers a wide range of topics, including:

Recording financial transactions into an accounting system using an Excel worksheet.
Impact analysis of each financial transaction on the general ledger, subsidiary ledgers, trial balance, and financial statements.
Specific transaction entries such as owner investments, loans, inventory purchases, short-term investments, sales, customer payments, undeposited funds, common expenses, and payroll.

Key Learning Outcomes

By the end of this course, learners will be able to:

Navigate Microsoft Excel to set up and manage an accounting system.
Record and analyze financial transactions accurately.
Generate month-end financial statements such as balance sheets and income statements.

Target Audience and Prerequisites

This course is ideal for:

Aspiring accountants looking to gain practical experience.
Business owners who want to understand the financial aspects of their operations.
Anyone interested in learning accounting using Excel.

There are no prerequisites for this course. If you don't have access to Excel, you can use Google Sheets as an alternative.

Course Duration and Format

The course spans 5.5 hours of on-demand video content, supplemented by 16 downloadable resources. It is accessible on mobile and TV, making it convenient for learners to study at their own pace. Upon completion, learners receive a certificate of completion.

Instructor Background

The course is taught by Robert (Bob) Steele, a seasoned professional with the following credentials:

CPA, CGMA, M.S. Tax, CPI
4.5 Instructor Rating
54,111 Reviews
932,722 Students
157 Courses

Bob Steele's extensive experience and high ratings ensure that learners receive top-quality instruction.

Benefits & Applications

Practical Skills Gained

Learners will acquire hands-on skills in:

Setting up an accounting system in Excel.
Recording and analyzing various types of financial transactions.
Generating and adjusting financial statements.

Real-World Applications

The skills learned in this course are directly applicable to:

Managing financial transactions for small businesses.
Preparing financial statements for business analysis.
Improving financial decision-making through better understanding of transaction impacts.

Career Relevance

Completing this course can enhance your career by:

Providing foundational knowledge for entry-level accounting positions.
Enhancing your resume with practical accounting skills.
Preparing you for further certification and education in accounting.

Industry Alignment

This course aligns well with the needs of various industries, including:

Small business management.
Financial services.
Accounting and bookkeeping services.

Standout Features

Unique Course Elements

The course offers unique features such as:

Transparent learning through Excel, which is more accessible than traditional accounting software.
Downloadable workbooks for each step of the process, allowing learners to practice and check their work.

Learning Materials and Resources

Learners have access to:

5.5 hours of video content for comprehensive learning.
16 downloadable resources to aid in practical application.

Support Features

The course includes:

Mobile and TV access for flexible learning.
Certificate of completion to validate your skills.

Course Updates Policy

The course is regularly updated to ensure that the content remains relevant and reflects the latest accounting practices.

Student Success

Learning Outcomes

Students report significant improvements in their understanding of accounting principles and their ability to manage financial transactions.

Student Achievements

Many learners have successfully applied the skills learned in this course to real-world business scenarios, enhancing their career prospects.

Course Completion Insights

The course has a high completion rate, indicating its engaging and practical approach to learning accounting.

Conclusion

"Excel Accounting 3 – Enter First Month of Transactions" is highly recommended for anyone looking to master accounting using Excel. The next step for learners is to enroll in the course and start applying the skills learned to their business or career.

This detailed review covers the essential aspects of the course, providing potential learners with a clear understanding of what to expect and how it can benefit them.