John Wiley & Sons

Foundations of Accounting, Bookkeeping, and Payroll

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John Wiley & Sons

Foundations of Accounting, Bookkeeping, and Payroll

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Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Master fundamental accounting principles and concepts

  • Record and manage business transactions efficiently

  • Analyze financial statements and interpret key business metrics

Details to know

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Recently updated!

August 2026

Assessments

17 assignments

Taught in English

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This course is part of the Accounting All-in-One For Dummies Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
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There are 16 modules in this course

This module introduces the fundamental principles of accounting and bookkeeping, focusing on their critical role in business operations. Learners will understand the accounting cycle, system reliability, and how accurate financial data supports decision-making. The content provides essential knowledge for managing financial records effectively.

What's included

1 video2 readings1 assignment

This module provides an introduction to creating and managing a chart of accounts, focusing on the principles of double-entry accounting, understanding debits and credits, and using accounting software effectively for financial tracking.

What's included

1 video3 readings1 assignment

This module provides an in-depth exploration of journal entries, ledger posting, and the role of accounting software in managing financial records. Learners will gain a clear understanding of accrual transactions, how to record them, and the importance of the trial balance in ensuring financial accuracy.

What's included

1 video4 readings1 assignment

This module explores different accounting methods, including cash and accrual accounting, and examines specialized areas like managerial and not-for-profit accounting. Learners will understand how to choose the most appropriate method based on an organization's needs and goals. The module also covers key standards and the unique requirements of various types of businesses.

What's included

1 video3 readings1 assignment

This module explores the foundational standards and regulations governing accounting practices in the United States. It covers the roles of key organizations like the AICPA, GAAP, and the SEC, and explains how these frameworks guide ethical and professional financial reporting for both public and private entities.

What's included

1 video3 readings1 assignment

This module explores the fundamentals of bookkeeping and accounting systems, covering how to manage financial records, ensure accuracy through internal controls, and perform end-of-period procedures for effective financial reporting.

What's included

1 video4 readings1 assignment

This module covers the fundamentals of tracking purchases, including inventory management, cost recording, and valuation methods. Learners will gain practical knowledge on how to handle financial transactions and maintain accurate records for business operations.

What's included

1 video3 readings1 assignment

This module covers essential bookkeeping practices such as tracking sales, managing credit transactions, and handling returns and allowances. Learners will gain insights into maintaining accurate financial records and ensuring proper cash handling procedures. The content also explores strategies for managing bad debts and customer accounts effectively.

What's included

1 video4 readings1 assignment

This module provides a comprehensive overview of payroll processing, including tax calculations, pay periods, and benefits management. Learners will gain practical skills in calculating net pay and preparing payroll records for bookkeeping. The content emphasizes compliance with legal requirements and accurate financial documentation.

What's included

1 video6 readings1 assignment

This module provides an in-depth look at employer tax responsibilities, focusing on Social Security, Medicare, and FUTA taxes. Learners will understand how to calculate these taxes and maintain accurate records to ensure compliance with federal and state regulations.

What's included

1 video2 readings1 assignment

This module provides an in-depth look at various depreciation methods used to account for the declining value of fixed assets over time. Learners will understand how to calculate and apply different depreciation techniques, including straight-line, declining balance, and sum-of-the-years'-digits. The module also covers the practical considerations of asset valuation and financial reporting.

What's included

1 video3 readings1 assignment

This module covers the fundamentals of calculating and recording interest, including simple and compound interest, as well as how to properly track interest income and manage long-term debt in business financials. Learners will gain practical knowledge on financial bookkeeping and interest-related accounting practices.

What's included

1 video3 readings1 assignment

This module covers the essential processes for verifying cash accuracy through reconciliation, closing cash journals, and posting adjustments to the general ledger. Learners will develop skills in identifying and managing cash transactions, minimizing financial errors, and ensuring proper accounting practices.

What's included

1 video3 readings1 assignment

This module covers the essential processes of reconciling accounts, verifying journals, and posting adjustments to ensure accurate financial records. Learners will gain skills in identifying errors, analyzing discrepancies, and maintaining meticulous bookkeeping practices. The content also explores both manual and computerized methods for financial record-keeping.

What's included

1 video4 readings1 assignment

This module focuses on identifying and correcting financial errors through trial balance procedures, understanding the importance of accurate bookkeeping, and developing financial statement worksheets to ensure reliable financial reporting.

What's included

1 video3 readings1 assignment

This module covers essential accounting adjustments including asset depreciation, inventory valuation, and accruals for unpaid expenses. Learners will gain practical skills in ensuring accurate financial reporting through proper book adjustments.

What's included

1 video4 readings2 assignments

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Instructor

Wiley Skills Network
John Wiley & Sons
188 Courses16,361 learners

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