myCPE

U.S. Financial Accounting Course: Beginner’s Guide

Crack the Accounting code and earn Your Path to Proficiency

  • Excel at fundamental Accounting with Experts
  • Panoramic Learning with Wide Subject Matter Coverage
  • Acquire real-world skills vital for success in the accounting industry.
  • Ideal for Beginners and Businesses to Amplify Competence
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Why Professionals Trust Our Practical Training Programs

  • Programs designed to build skills for more workplace efficiency.
  • Comprehensive tax training aligned with industry standards.
  • Supportive learning tools for application of knowledge.
  • Regular updates to course for staying with industry trends.
All Practical Training Programs Available Only in Teams Premium Plan
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Course Details

What You’ll learn

The course is meticulously crafted to provide you with a strong foundation in accounting principles and practices. Whether you are new to accounting or looking to refresh your knowledge, this course covers key topics essential for understanding financial data, recording transactions accurately, and helping make informed financial decisions. You will gain practical skills and insights that are valuable for an accounting career. Kickstart your journey to accounting expertise today!

Major Topics covered

Accounting Fundamentals & Introduction to Chart of Accounts (In QBO)

Journalizing Transactions & Understanding Banking Transactions

AP and AR Management & Accrual Entries in Financials

Fixed Asset Management & Loan Amortization

US Payroll Accounting & Payroll Processing

Payroll Forms & Third-Party Payment System

Intro to Form 1099, Use Tax, and Sales Tax

Month-End Process & Year-End/Monthly Financial Statement Review

Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

Course Modules

Course Title Time Total Session
1. Accounting fundamentals
1 Hr, 7 Mins 2 Sessions
  • Basic Fundamentals of Accounting
  • Outcome of Accounting and its Terminology
2. Introduction Chart of Accounts (In QBO)
1 Hr, 41 Mins 3 Sessions
  • Basic Understanding of Charts of Accounts(COA)
  • Practical Guide to Setting Up COA and Sub-Accounts
  • Practical Implementation of Classes and Locations Setup
3. Journalising Transactions
2 Hrs, 10 Mins 6 Sessions
  • Conceptual Understanding of Journalizing Transactions
  • Practical Application of Bank Feeds, Sales Receipts, and Customer Invoices
  • Practical Handling of Credit Memos, Checks, Expenses, and Bills
  • Practical Application of Transfer Entries
  • Practical Handling of Deposits and Undeposited Funds
  • Practical Application of Inventory
4. Understanding Banking Transactions
2 Hrs, 29 Mins 5 Sessions
  • Basic Understanding of Bank & CC Transactions
  • Instructions to Upload CSV File
  • Understanding Categorization and Banking Rule Features
  • Bank Reconciliation Statement
  • Credit Card Upload and Reco for Bank Transactions in QB
5. AP and AR Management
1 Hr, 24 Mins 4 Sessions
  • Principles of AR and AP
  • Procurement Workflow for Vendors and Accounts Payable
  • Sales Workflow for Customer and Accounts Receivable
  • Reconciliation of AR and AP reports
6. Accrual Entries in Financials
1 Hr, 20 Mins 1 Session
  • Recording Accruals, Deferrals, and Prepayments in QB
7. Fixed Asset Management
1 Hr, 14 Mins 1 Session
  • Accounting for Fixed Assets
8. Loan Amortization
16 Mins 1 Session
  • Theory and Practical Applications of Loan Amortization
9. US Payroll Accounting
1 Hr, 12 Mins 2 Sessions
  • Introduction for US Payroll - Conceptual Part
  • Introduction for US Payroll - Practical Part
10. Payroll Processing
35 Mins 1 Session
  • ADP Payroll Services
11. Payroll Forms
57 Mins 2 Sessions
  • Understanding Forms W2, W3, W4, 940, and 941
  • Practical Guide to W-2, W-3, W-4, 940, and 941 Forms with Workpapers
12. Third-Party Payment system
1 Hr, 11 Mins 2 Sessions
  • E-commerce Accounting with Third-party Payment System - Amazon
  • E-commerce Accounting with PayPal Integration
13. Intro to Form 1099
39 Mins 2 Sessions
  • Intro to Form 1099
  • Practical Guide to Form 1099 in "Yearly" Software
14. Intro to Use Tax and Sales Tax
46 Mins 2 Sessions
  • Intro to Use Tax and Sales Tax
  • Practical Guide to Sales Tax Calculation and its Workpapers
15. Month End Process
2 Hrs, 11 Mins 5 Sessions
  • Month-End Process - Classification of Transaction
  • Month-End Process - Bank Reco
  • Month-End Process - Reco of Unclear transaction
  • Month-End Process - Adjusing JE
  • Month-End Process - Final Review
16. Year End & Monthly Financial Statement Review
2 Hrs, 6 Mins 2 Sessions
  • Financials Review - Balance sheet
  • Financials Review - Profit and Loss along with Workpapers Wrap-UP
      17. Final Quiz

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Discover Why We’re the Preferred Choice!

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Very useful material

“The U.S. Individual Tax – Beginner’s Edition course provides good strong handouts and supporting material. Handouts supplement the overall learning experience. 📚 MYCPE ONE offers the best courses.”

Steven Worrell

Steven Worrell, PFS

Tax Consultant

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Simple to Understand, and Detailed in its Approach

“Excellent course with strong coverage of core accounting! 🌟 It is rich with simple-to-understand language and easy-to-apply applications.”

Dana Haith

Dana Haith, CPA (US)

Financial Analyst

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Instructors are Great

“The instructors handled the technicality of the course beautifully for the newbies as well as accounting professionals. The inclusion of practical aspects made the course worthwhile. A great experience...! 👍”

Donald Mitzel

Donald Mitzel, CMA

Senior Accountant

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Core Concepts Covered

“I loved the course for its excellent coverage. This is my third course, more milestones to come…!”

Denise Turner

Denise Turner, FP&A

Financial Planning Manager

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A Good Course, Especially for Beginners

“It’s a great course for beginners. Highly recommend it ‘coz it provides the basic understanding required for accounting in a simple yet effective manner.”

John Burley

John Burley, CFA

Investment Analyst

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Real-World Applications Shared

“I loved the aspects covered in the course that I can apply to any industry. It provides guiding principles that can help make financial decisions with clarity and precise understanding. Good course MYCPE ONE…! 🤝”

Dennis Medina

Dennis Medina, CGFM

Government Financial Manager

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Engaging Accounting Course

“The number of practical aspects covered in the course and the questions asked made it easy to engage with the course. I loved the overall experience. 🚀 Go for it…!”

Britney Oestreich

Britney Oestreich, PFS

Personal Financial Planner

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Amazing Course

“I can’t believe an online course can be this productive…! It is fun to learn on MYCPE ONE! I will return for more courses.”

Hindman Lisa

Hindman Lisa, CIPM

Investment Performance Analyst

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Practical Value Course

“Packed with practical value. The evaluative approach to the questions is particularly interesting. This adds to the application skills. Loved it…!”

Lisa Robinson

Lisa Robinson, CBA

Business Valuation Analyst

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Accounting Essentials Covered

“Course is effective in including the required areas. It's clear, concise, and provides an invaluable skill set for professionals. Worth it…!”

Noelle Stout

Noelle Stout, ABV

Business Valuation Specialist

Frequently Asked Questions

The course delivers an in-depth understanding of the essentials of U.S. Financial Accounting like accrual accounting, journalizing transactions, month-end process, financial statement review, and more.

It is an ideal course for individuals interested in practical accounting through focused practical training. It can also be beneficial to professionals in the accounting domain looking to improve their expertise, and anyone interested in getting an in-depth understanding of U.S. financial accounting.

This course includes over 75 simulations and practical training that supplements over 350 quizzes that provide a detailed explanation-rich and hands-on learning experience.

This course provides essential coverage of the essentials of accounting along with downloadable PDF materials, delivering practical case studies, simulations, and quizzes to strengthen the understanding of accounting concepts.

Led by accounting subject matter experts, rich with insights that avail practical value, the course ensures that the learning is relevant to current industry practices and ready to take on real-world challenges.

This course provides a unique opportunity for graduates to take on challenging roles like Accounts Executive, Accounts Payable executive, Accounts Receivable officer, and more. To pursue a strong foundation for a long successful career. Salary prospects range from $30,500 for entry-level positions to upwards of $88,000 at a professional level.

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