While it is true that accounting professionals are scarce, those with corporate accounting experience are even more rare. This course will build on the knowledge you gained in Charlene Messier's online Accounting Fundamentals course (or another introductory accounting course) to provide you with a solid understanding of corporate accounting practices.

In Accounting Fundamentals II, you'll explore such topics as special journals, uncollectible accounts receivable, plant assets, depreciation, notes and interest, accrued revenue and expenses, dividends, retained earnings, and various financial reports for corporations.

If you're interested in increasing your financial awareness and accountability while also gaining a marketable skill, this is the course for you.

To purchase this course, click the Enroll Now button below:

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Syllabus:

All courses run for six weeks, with a two-week grace period at the end. Two lessons are released each week for the six-week duration of the course. You do not have to be present when the lesson is released, but you must complete each lesson within two weeks of its release.

A new section of each course starts on the second or third Wednesday of each month. If enrolling in a series of two or more courses, please be sure to space the start date for each course at least two months apart.

Week One

Wednesday - Lesson 01

In this lesson, you'll learn all about accounts payable, which is a group of accounts that shows how much your business owes its vendors. You'll be journalizing and posting your company's purchases and preparing a Schedule of Accounts Payable. Keeping track of what your company owes others is a vital part of operating a business. This lesson will give you the tools you'll need to successfully track those accounts.

Friday - Lesson 02

We'll take a close look at accounts receivable in this lesson. This is the money that your customers owe your business. After completing this lesson, you'll know how to enter charge sales into your Sales Journal and then post them to your General Ledger. Knowing what your customers owe you can make the difference between your company's success or failure.

Week Two

Wednesday - Lesson 03

Today, we'll be dealing with uncollectible accounts receivable. While we'd all like to think that our customers will pay what they owe, it's not always the case. You'll learn how to account for long overdue receivables that probably won't ever be paid. While this doesn't happen often, it's a fact of business, so you'll need to know how to account for it in your company's books.

Friday - Lesson 04

In this lesson, we'll look at plant assets and depreciation. Most all businesses have assets they use to determine their income. Just like your car, business assets depreciate over time, so you'll need to know how to account for that expense in your records. And you'll need to record these assets and calculate their depreciation in a timely manner to keep accurate records for your business.

Week Three

Wednesday - Lesson 05

This lesson is all about notes payable and notes receivable. A business might need a little extra time to pay a bill beyond the usual terms offered by the vendor. Or a customer may need an extension of credit beyond what your business usually offers its charge customers. You'll find out all you need to know about accounting for these situations as we look at how to record the issuance and payment of these notes payables and notes receivables.

Friday - Lesson 06

Today, you'll learn how to deal with accrued income and accrued expenses. Accrued income is money that the company earns in one fiscal period that it doesn't receive until after another fiscal period begins. Similarly, accrued expenses are expenses that are incurred during one fiscal period that aren't paid until the next period. To get a true picture of the net income or net loss of your business, you'll need to account for the accrued income and accrued expenses within the period they're incurred.

Week Four

Wednesday - Lesson 07

In this lesson, we'll be dealing with dividends, which is money paid to the company's stockholders on their investment. You'll learn how the business accounts for the dividends it pays to its stockholders. We'll also look at retained earnings, or the amount of profit the corporation retains for future use. Then we'll begin to prepare the worksheet, possibly the most important financial report a business compiles each year.

Friday - Lesson 08

Today, we'll determine if our business has a net income or a net loss by completing the worksheet we started in the previous lesson. And because many General Ledger accounts change throughout the fiscal period—supplies are used, insurance premiums are depleted—we'll need to bring these accounts up to date to reflect their current values. So we'll also take a close look at how to make adjusting entries to update our General Ledger accounts for the beginning of the new fiscal period.

Week Five

Wednesday - Lesson 09

It's time to begin wrapping up our books for the end of the fiscal period. In this lesson, you'll learn how to compile most of the various financial reports a corporation needs to complete at the end of the fiscal period. You'll prepare an Income Statement, Stockholders' Equity Statement, Balance Sheet, and more. These are the reports that really demonstrate the success of a business.

Friday - Lesson 10

In this lesson, we'll get the books all caught up and ready for the next fiscal period. You'll go back and journalize those adjusting entries you entered into your worksheet, then you'll enter closing entries into your journal. Finally, you'll post these journal entries to the General Ledger to prepare it for the new fiscal period.

Week Six

Wednesday - Lesson 11

Today, we'll cover every employee's favorite subject: Payroll! You'll learn about various mandatory and voluntary deductions from employees' pay, as well as how to journalize and post an entire payroll. As an added bonus, after this lesson, you'll be able to check the accuracy of your own paycheck.

Friday - Lesson 12

We'll finish up by preparing a variety of end-of-year tax reports. Here's your chance to go step-by-step through a multitude of IRS forms with instructions that are much easier to understand! You'll fill out the federal Form 941, then learn how to make federal income tax deposits. Then we'll look closely at Form W-2s and Form W-3s. Finally, we'll look at how to calculate and report the company's Federal Unemployment Tax payment. This lesson is jam packed with valuable tax information!

To purchase this course, click the Enroll Now button below:

This course includes a knowledgeable and caring instructor who will guide you through your lessons, facilitate discussions, and answer your questions. The instructor for this course will be Charlene Messier.

With more than 20 years of teaching experience to her credit, Charlene Messier had 12 years of practical experience in business following her college training. She now teaches business subjects to over 100 students a year at the quaint New England Village High School from which she graduated 35 years ago. She specializes in teaching adult education courses in accounting, word processing, business law, and business economics.

To purchase this course, click the Enroll Now button below:

Requirements:

Completion of Charlene Messier's online Accounting Fundamentals course (or equivalent experience), a calculator or adding machine, a printer, Internet access, e-mail, and the Microsoft Internet Explorer or Mozilla Firefox Web browser.

To purchase this course, click the Enroll Now button below:

Student Reviews:

• "Accounting Fundamentals I & II were very informative classes for me. The instructor was great as well. She helped me understand accounting concepts that a 1000-paged textbook could not make clear for me. I would definitely recommend this class to anyone who is beginning the study of accounting."
• "As before...the best on line instructor I have had!!"
• "As of today, I am finished with this class: all 12 chapters, the final, have my completion letter, and sent in the evaluation. I just want to thank you for a well designed, informative class, and fun class. I am almost disappointed that it is over for now ... Again, many, many thanks!!!"
• "Charlene: I can't thank you enough for the help you have given us these last 6 weeks! I have learned so much that I actually understand what is going on in the QuickBooks class! The Chart of Accounts, the account classifications, reconciliation, AP, AR, etc., etc. It all fits together so nicely with what you taught us! I have really been bitten by the accounting bug, so it's off to college for me this fall! Hopefully, as some of us have wished, there will be a Part III to this course. Thank you so very much for your patience and understanding throughout all of this! Best wishes and please enjoy a summer of good health!"
• "Charlene, I passed my first 2-part test at the prometric testing center, first go-around (mastering adjustments/corrections)! I'm so grateful for all I learned in Accounting I & II that made it possible for me (I have other study material and support as well). I couldn't have done it without the Fundamental Accounting I & II, though. Thanks again for everything!"
• "Charlene Messier is a wonderful instructor. The class I took between AF I and AF II was a great class but I believe Charlene has a much better balance of how much to interact with the students. Her answers are very concise and extremely encouraging. She is also very happy to address any issues without complaint but with complete willingness to be of assistance. She's a keeper. Thanks for offering this wonderful set of courses and for using an instructor who does things really right."
• "have completed Accounting Fundamentals and Accounting Fundamentals II with Charlene Messier as the instructor. She is very knowledgeable, quick to respond to your questions and her lessons are easy to follow and are very informative. I recommend her classes to anyone and look forward to taking my next class with her."
• "I am very grateful to you Charlene and the team you work with for making this possible for me. To me it meant more than just learning and I'm still marvelling that I could do it and I did it. I especially enjoyed the chapter on Payroll (maybe I'll ask for a transfer to our Payroll Section!!) but I'm especially proud of my new "vocabularly" as every two sentences I pronounce I make sure to mention "accrued interest" or "posting to the ledger"."
• "I enjoyed this course from the beginning to the end. Ms. Messier's writing style is excellent in its clarity. I think this course covers all the basics the students need to know in corporate accounting. After completing both Accounting Fundamentals I and II, I can say: surely, I strongly recommend Ms. Messier and her accounting courses to others."
• "I enjoyed this course from the beginning to the end. Ms. Messier's writing style is excellent in its clarity. I think this course covers all the basics the students need to know in corporate accounting. After completing both Accounting Fundamentals I and II, I can say: surely, I strongly recommend Ms. Messier and her accounting courses to others."
• "I gained a lot of knowledge from the Accounting Fundamentals I and II courses. All the information will be very useful as I pursue a career in Bookkeeping. Thank you so much."
• "I had a dream and you made it come true. I am proud of myself and proud of you for making it possible. I can only say you are doing an awesome job...I only wish I had discovered you earlier!! Thanks so much for everything."
• "I had just finished Accounting Fundamentals I when I started Accounting Fundamentals II, and I thought this class was the perfect next step. It built on the first class but didn't jump too far ahead, so I always felt comfortable with the new lessons even though it was all still new to me. I think the instructor has a very good lesson plan here and I would certainly take any other courses she offers..."
• "I have enjoyed your class so much and I hate to see it end. You are the best instructor I have had. I have learned so much and I feel more confident in my work, thank you."
• "I just want to thank y'all for six great weeks. I am a new American just here a few months from Canada and have learned so much about the USA accounting system. This course was great, as was part one. You are a wonderful instructor Charlene and I must say I am enjoying learning online. I hope I see a few classmates in other online courses."
• "I really enjoyed taking this course! With my busy schedule, I could do my lessons when time allowed me to. I even had to get an extension to finish and that was no problem. The instructor was always eager for the students to learn and was very helpful when anyone had a question. To me, this is a very important part of taking a class. To know that the instructor wants you to understand and learn all that you can in the course makes you want to do your best! Thanks Ms. Messier for being that kind of instructor! Hope I can take some more of your courses!"
• "I really learned a lot in Accounting I, and am glad to be back for Accounting II! You're a great teacher!"
• "I took Accounting Fundamentals 1 and 2 with Charlene and she has taught me so much. My only comment is she is a great instructor. Easy to learn from and I think I will go far with her instruction. Thanks!!"
• "I took a college Accounting course in 1983, and I took it again in 1999. I got nothing out of either of those courses. But now that I have taken your two courses, I can honestly say a light bulb has just come on......I understand the concept now. Thank you for making this seem easy. My husband owns a small business and I have tried to learn how to do the books, but have struggled. I have taken Quickbooks I and II. I should have enrolled in your courses first. I have downloaded every course I have enrolled in, now I can go back and refresh my knowledge."
• "Once again, the instructor has conducted and presented a professional learning environment. The materials in the course have proved to be a valuable asset to me. I can't thank you enough!!"
• "Our instructor is truly knowledgeable on the subject and has such wonderful personality to interact with her students by internet...! I loved and enjoyed the course very much!"
• "Thanks again for a great course. I found the course challenging which is what I wanted. I hope you will offer more courses. You are the best online instructor I have ever had in the 10 or so classes I have taken to date."
• "Thanks Charlene for a course very well designed. This is a wonderful program and of great help to me in my profession. Keep up the great work."
• "Thanks Charlene for a very well designed course. This is a wonderful program and of great help to me in my profession. Keep up the great work."
• "Thank you for your help with accounting. I have taken both of your courses and I enjoyed then both very much. I will definitely use what I have learned from you not only for work but througout my lifetime. Thank you."
• "Thank you so much for this course. It has presented many concepts, such as the subsidiary journals, that I did not learn from other classes. As a consequence I feel prepared now to submit my resume and to begin my career in the accounting realm…As a former teacher, I really understand how devoted you are to your real-time students and to the ones online in two classes. You give your all to all of us, and I have been touched by your kindness, your dedication, and to your excellent teaching skills. Ms. Charlene, you are one of a kind, and I will not forget what you have done to enrich my life in so many areas. Thank you so much, and best wishes to you."
• "There was a LOT of information in this course, but the instructor was very organized, sequential, and clear in her descriptions of the material. She was also very encouraging in response to questions in the discussion area. I am so glad that I have copies of the lessons, quizzes, and assignments to review -- it was presented so exceptionally well that I will be able to retain the information just by going over it from time to time. Thanks for a great course!"
• "This course and part one has taught me more info then I think I learned in a two semester course at college. Charlene Messier is a great teacher. I will be taking other online courses because the educational experience was enjoyable."
• "This instructor makes the course interesting and challenging. I would recommend her to anyone who is interested in taking an accounting course."
• "This was a great course, thank you Charlene, you are the BEST instructor, I have ever had!!!!!"
• "Would like to see more accounting classes offered. Accounting Fundamentals I and II have been extremely enlightening and useful. Very relevant. I love the instructor's knowledge and teaching style. She makes the subject interesting!"

To purchase this course, click the Enroll Now button below: