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accounts
73 topics across 6 chapters
Chapter 1
Accounting foundations
1
Accounting equation + debits & credits core ideas
2 subtopics
2
Debits/credits mnemonics + T-account practice set
3
Normal balances by account type (asset/liability/equity/revenue/expense)
4
Financial statements overview (BS/IS/CF)
1 subtopics
5
Map accounts to statements (exercise: classify 30 accounts into BS/IS/CF)
6
Cash vs accrual accounting
2 subtopics
7
Adjusting entries examples (accruals, deferrals, depreciation)
8
Cash vs accrual comparison worksheet (same transactions, two methods)
9
Accounting policies, estimates, and materiality (basics)
Chapter 2
Types of accounts & chart of accounts
10
Asset accounts
2 subtopics
11
Current vs non-current assets classification drill
12
Contra-asset accounts (allowance for doubtful accounts, accumulated depreciation)
13
Liability accounts
1 subtopics
14
Current vs long-term liabilities classification drill
15
Equity accounts
1 subtopics
16
Owner’s equity vs retained earnings (and common equity accounts)
17
Revenue accounts
1 subtopics
18
Revenue recognition basics (what counts as revenue and when)
19
Expense accounts
1 subtopics
20
Expense recognition basics (matching principle)
21
Chart of accounts (CoA) design
2 subtopics
22
Project: design a chart of accounts for a small business (with sample transactions)
23
Account naming, numbering, and rollups (departments/classes/segments)
Chapter 3
Recording transactions (double-entry)
24
Source documents → journal entries
1 subtopics
25
Journal entry templates for common transactions (practice)
26
Posting to the ledger & building a trial balance
1 subtopics
27
Exercise: create a trial balance from 25 journal entries
28
Adjusting entries in the workflow (why/when)
2 subtopics
↗ Adjusting entries examples (accruals, deferrals, depreciation) (see Chapter 1)
29
Practice set: accruals vs deferrals adjusting entries
30
Correcting entries & error checking
1 subtopics
31
Common bookkeeping errors (reversals, transpositions, mis-postings) + fixes
Chapter 4
Managing common account areas (AR/AP/Inventory/Cash/Fixed assets/Payroll)
32
Accounts receivable (AR)
3 subtopics
33
Invoicing workflow + AR subledger basics
↗ Contra-asset accounts (allowance for doubtful accounts, accumulated depreciation) (see Chapter 2)
34
AR aging report + collections workflow (basics)
35
Accounts payable (AP)
2 subtopics
36
Vendor bills + AP subledger basics
37
Three-way match basics (PO/receipt/invoice)
38
Inventory & cost of goods sold (COGS)
2 subtopics
39
Perpetual vs periodic inventory systems
40
Inventory costing methods (FIFO/LIFO/weighted average) and their effects
41
Fixed assets & depreciation
3 subtopics
42
Capitalize vs expense: decision tree + examples
43
Depreciation methods (straight-line, declining balance) + simple schedule build
↗ Contra-asset accounts (allowance for doubtful accounts, accumulated depreciation) (see Chapter 2)
44
Payroll accounts (basics)
2 subtopics
45
Payroll journal entries (gross pay, withholdings, employer taxes)
46
Payroll taxes & payroll liabilities overview (what gets accrued)
Chapter 5
Period-end close & reporting
47
Month-end/period-end close process
1 subtopics
48
Exercise: closing entries (revenue/expense → retained earnings)
49
Reconciliations & tie-outs
2 subtopics
50
Bank reconciliation step-by-step (with sample statement)
51
Reconcile AR/AP control accounts to subledgers (exercise)
52
Financial statement preparation & review
1 subtopics
53
Capstone: build financial statements from a trial balance (with adjustments)
54
Basic analysis: ratios, trends, and variance checks
1 subtopics
55
Ratios practice (current ratio, quick ratio, gross margin, net margin) + interpretation
Chapter 6
Controls, audit trail & accounting software account management
56
Internal controls for accounting/bookkeeping
2 subtopics
57
Cash handling controls (petty cash, deposits, approvals)
58
Control testing checklist (spot checks you can run monthly)
59
Audit trail & documentation
1 subtopics
60
Documentation standards + retention schedule basics
61
Accounting software setup (CoA, items, taxes, bank feeds)
2 subtopics
↗ Project: design a chart of accounts for a small business (with sample transactions) (see Chapter 2)
62
Bank feeds, imports/exports, and integrations (common pitfalls checklist)
63
User roles, permissions, and account access management
1 subtopics
64
Segregation of duties in small teams (practical role designs)
65
Data backup, security, and change management
1 subtopics
66
Routine: backups, encryption, and quarterly access review (step-by-step)

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