Certificate in Accounting Course Guide

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Certificate in Accounting

Detailed Course Curriculum

1. Introduction to Accounting

The Introduction to Accounting module is designed to provide students with a foundational understanding of accounting and its role as the language of business. The course covers the various forms of business organization and the diverse roles of accountants in different industries. It also introduces learners to the Conceptual Framework, financial statements, and the financial reporting environment. Additionally, students will gain practical skills in analyzing financial statements using profitability, liquidity, and solvency ratios to make informed business decisions. The module is a great starting point for anyone looking to gain a basic understanding of accounting principles and concepts.

2. The Recording Process

The Recording Process module in accounting provides a solid foundation for understanding the double-entry accounting system. The course covers the essential principles of accounting transactions, including the use of debits and credits, and how to record them accurately. The expanded accounting equation is also introduced, which is a powerful tool used to analyze financial transactions and their impact on a company’s financial position. In addition, students will be introduced to the different types of accounts, the chart of accounts, and how to use them to post transactions to the general ledger. Finally, the module covers the trial balance, which is used to ensure that all debits and credits in the general ledger balance and are accurate.

3. Accrual Accounting Concepts

The Accrual Accounting Concepts module delves deeper into the principles of accrual accounting and its concepts. Students will be introduced to the timing issues that arise in accrual accounting, such as recognizing revenue and expenses in the appropriate accounting period. The course covers the revenue definition and recognition criteria, which are essential concepts for accurate financial reporting. The module also teaches learners the fundamentals of adjusting entries, which are necessary to ensure that financial statements reflect the economic reality of the business. Students will understand how to prepare adjusting entries for prepayments and accruals, which are common transactions in accrual accounting. Finally, students will learn how to prepare the adjusted trial balance and financial statements, which are critical documents for evaluating a company’s financial performance.

4. Inventories & Reporting & Analysing Inventory

The Inventories & Reporting & Analysing Inventory module in the covers the principles of merchandising operations and inventory systems. The course also covers the classification of inventory and the various cost flow methods that can be used to value inventory. Additionally, students will be taught how to record purchases and sales of inventory, including purchases returns and allowances, freight costs, and sales discounts. The module also covers how to present the statement of profit or loss and how to evaluate profitability. Finally, the module provides an overview of the GST process and how to analyze inventory.

5. Accounting Information Systems

The Accounting Information Systems module is designed to provide students with an understanding of the basic concepts of accounting information systems. The course covers the role of internal control systems in ensuring the accuracy and reliability of financial data, as well as the transformation of financial data into useful information. Students will also be introduced to control accounts, subsidiary ledgers, and special journals, which are essential components of an effective accounting system. The module also includes instruction on the use of computerized accounting information systems, with a focus on the sales journal. By the end of the module, students will have gained the knowledge and skills necessary to effectively manage accounting information systems in a business environment.

6. Reporting & Analysing Cash & Receivables

The Reporting & Analyzing Cash & Receivables module provides students with an understanding of the principles of cash and credit transactions, as well as the importance of managing and monitoring cash. The course covers the process of bank reconciliation, which helps to ensure the accuracy of cash balances, as well as the recording and reporting of receivables. Additionally, students will gain knowledge of how to account for receivables and how to analyze and manage them effectively to minimize the risk of bad debts and improve cash flow.

7. Reporting & Analysing Non-Current Assets

The Reporting & Analysing Non-Current Assets module focuses on providing students with an understanding of how to account for and report non-current assets, such as property, plant, and equipment, and intangible assets. The course covers the various methods used to determine the cost of non-current assets, including acquisition costs and subsequent expenditures. Learners will also learn about the different types of depreciation and how to calculate and account for them. The module also covers impairment, revaluation, and disposal of non-current assets. Finally, students will gain an understanding of how to analyze non-current assets and make informed decisions about them based on financial and non-financial factors.

8. Accounting & Analysing Equity

The Accounting & Analysing Equity module provides students with a comprehensive understanding of the different types of liabilities and equity and their analysis. The course starts by discussing current and non-current liabilities and their characteristics. It then delves into payroll deductions payable, revenues received in advance, non-current liabilities, and the market value of unsecured notes and debentures. The module also covers the redemption of unsecured notes and debentures before maturity, loans payable by installment, mortgage schedule, leasing, provisions, and contingent liabilities. Finally, the course provides an overview of liquidity and solvency ratios, which are essential tools for analyzing a company’s financial position. By the end of this module, students will have a strong grasp of the different types of liabilities and equity and how to analyze them.

9. Equity

The Equity module covers the basic concepts related to equity in accounting. It starts by explaining the characteristics of a corporation and the process of forming a company. It then discusses shareholder rights, share issues, private issue of shares, share splits, dividends, share dividends, changes in accounting estimates and policies, and discontinuing operations. Finally, it covers the preparation of financial statements such as the statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of financial position.

10. Statement of Cash Flows

The module on Statement of Cash Flows is designed to provide students with an understanding of the purpose and format of the statement of cash flows, its classification of cash flows, and how to prepare the statement of cash flows. Students will learn about the four steps involved in preparing the statement of cash flows, which include determining the net increase (decrease) in cash, net cash provided (used) by operating activities, investing activities, and financing activities. Finally, the module will cover how to complete the statement of cash flows and how to use cash flows to evaluate an entity.

11. Analysing and Integrating GAAP

The GAAP module provides an in-depth understanding of the accounting principles that guide financial reporting worldwide. Students will learn about the conceptual framework that underlies GAAP and how it serves as a foundation for accounting standards and practices. The course covers the users and uses of financial reports and how financial information is communicated to various stakeholders. The module also covers the definition, recognition, and measurement of assets, liabilities, equity, income, and expenses, as well as the fundamental principles and guidelines for accounting transactions. Additionally, the course will discuss the importance of integrating GAAP principles into financial reporting to ensure that financial statements are reliable, accurate, and transparent.

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Meet Your Expert Business Tutors

Your tutors will be here to help whenever you get stuck and need some help

Ronnie L.

Ronnie is an experienced and knowledgeable tutor specializing in Business courses. With a degree in accounting from De La Salle University, Ronnie brings practical examples and real-world insights to his teaching. Currently pursuing an MBA at the University of Queensland, he remains committed to continuous learning and staying up-to-date with the latest industry trends. Ronnie's exceptional communication skills and emphasis on practical application empower students to grasp complex business concepts and apply them in real-world scenarios.

Yan-Li S.

Yan Li, an enthusiastic tutor from Shanghai, is currently pursuing a Bachelor's degree in Supply Chain Management and Finance at the University of South Australia. Her combined knowledge of these fields brings a unique perspective to her tutoring sessions, offering students a comprehensive understanding of supply chain management and finance. Beyond academics, Yan's passions lie in art, photography, and exploring culinary delights. These interests shape her creative and diverse tutoring approach, as she incorporates innovative teaching methods that cater to different learning styles.

Imogen H.

Imogen is a former Payroll Specialist with three years of experience, specializing in Xero and QuickBooks. With a deep understanding of payroll processes, regulations, and industry best practices, Imogen is dedicated to sharing her expertise as a payroll tutor. Her extensive knowledge of Xero and QuickBooks allows her to provide comprehensive training and support to students, equipping them with the skills needed to effectively manage payroll using these popular accounting software platforms.

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This course comes with a 10-day money-back guarantee. This means you can cancel at any time within the 10 days and get a full-refund, no questions asked.

Frequently Asked Questions

How do I enrol?

There are no entry requirements or pre-requisites to enrol into this course. You can enrol online directly by clicking on “Enrol Now” and follow the prompts. Alternatively, you can enrol over the phone with our friendly student advisors. Give them a call on (02) 8006 0556 or email them at support@oba.au.

How much does this course cost?

This course costs $499 + GST. Click here to get started now.

How long is this course?

This course takes approximately 100 hours, and you’ll have lifetime access to this course. Study in your own time, at your own pace. Most of The Online Business Academy courses are designed so that you do one module a week. But if life gets busy you can take longer and even apply for a course extension if you need more time.

What job can I get once I have completed the qualification?

Upon the completion of this course, you can obtain a job as an Accounting Technician. In Australia, Accounting Technicians earn approximately $69,476 per year but can be as high as $87,500 per year. (Payscale)

Contact a friendly student advisor on (02) 8006 0556 to find out about potential career outcomes and see where our courses can take you. Employers also constantly approach The Online Business Academy looking for students and employers also advertise jobs in the Career Centre (available once you enrol). You’ll also receive a FREE CV review.

Where will my qualification be recognised?

This qualification is Internationally recognised. Our qualifications are highly sought after by employers around the world and accredited by global industry bodies such as ICOES.

How does online learning work?

Your course will be delivered through our online learning platform. You can access our online learning platform from any web browser 24/7 so you can work whenever and wherever you want. You can also interact with your tutors and other students within the learning environment.

Online learning allows you to make the best use of your time and puts all the resources you need at your fingertips. There are no set course start dates, you can start whenever you are ready. Your tutors and student services will check in on your progress and help you every step of the way

Do you have a money back guarantee?

Absolutely! You’ve got an 10-day cooling off period (or trial period) at the start of your course. Take that time to look through all your learning material and get a feel for online learning. If you decide the course isn’t for you within the trial period, you’ll get a full money back guarantee.

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