Certified Bookkeeper

Please note prices are subject to change.

Course Description

The Certified Bookkeeper program is designed for experienced bookkeepers who want to prepare for national certification. In order to sit for the American Institute of Professional Bookkeepers (AIPB) Certification exam, you must be able to submit proof of at least two years full-time or 3,000 hours part-time experience.

This online course for professional bookkeepers leads to national certification with the American Institute of Professional Bookkeepers (AIPB). The AIPB certification is a professional standard and the only national standard for bookkeepers. Becoming a Certified Bookkeeper (CB) can increase earning potential, enhance professional status, and give you a decisive edge in any job market. This course was created by the AIPB to prepare bookkeepers for the certification exam at any Prometric Test Center. Certified Bookkeepers (CB) are to bookkeeping what CPA's are to accounting: the elite of the profession.

The web-based format allows you to move at your own pace from any web-computer. The program consists of six separate subject areas:
1. Adjusting entries
2. Correction of accounting errors (including the bank reconciliation)
3. Book and tax depreciation
4. Basic payroll
5. Merchandise inventory
6. Internal controls and fraud prevention

Upon completion of this program, you will be able to do the following:
* Describe the benefits, eligibility requirements, code of ethics, and maintenance requirements for the Certified Bookkeeper
* Apply the concepts of accrual accounting to transactions that span fiscal periods
* Trace the effect of accrual and deferral transactions to financial statements
* Apply accounting concepts and the basic tools of financial analysis in indentifying and correcting errors
* Apply accounting principles in reconciling bank accounts
* Apply accounting concepts in preparing payroll transactions, from paying, depositing and reporting taxes
* Apply accounting concepts to depreciation transactions including various methods of calculating depreciation for book and tax purposes
* Apply accounting concepts to valuing inventory, recording costs, making entries for reporting inventory on financial statements
* Help your company or client use basic internal controls to prevent theft, embezzlement or check and credit card fraud by employees, customer or vendors.

Course Outline:

I. Certified Bookkeeper Program
A. Eligibility Requirements
B. Testing Program
C. Code of Ethics
D. Maintenance of Certification

II. Accruals, Deferrals, and the Adjusted Trial Balance
A. Why Accurals, Deferrals, and Other Adjustments are Made
B. Accruing Revenues and Expenses
C. Recognizing Revenues Collected in Advance
D. Recognizing Expenses After a Prepayment
E. Other Adjusted Entries
F. Unadjusting Trial Balance Trhough the Adjusted Trial Balance

III. Correction of Accounting Errors and the Bank Reconciliation
A. When and Where Accounting Errors Occur and How They are Discovered
B. Performing the Bank Reconciliation
C. Finding and Correcting Errors on the Unadjusted Trial Balance
D. Correcting Current-Period Accural and Deferral Errors

IV. Payroll
A. How to Pay Different Types of Employees
B. Federal and State Wage-Hour Law
C. Paying Employees Under Federal Law
D. Employment Records and Payroll Recordkeeping
E. Form W-4 and Comparable State Forms
F. Withholding and Depositing Federal Taxes
G. Federal Employment Reporting Forms and Due Dates
H. When Wages Become Taxable
I. Other Reporting Rules
J. Payroll Register and Journal Entries

V. Depreciation
A. The Difference Between Book and Tax Depreciation
B. Depreciation under GAAP C. Computing and Allocation Depreciation
D. Depreciation Under Federal Tax Depreciation Rules
E. Tax Depreciation of Vehicles

VI. Inventory
A. General Concepts of Accounting for Inventory
B. The Perpetual Method
C. The Periodic Method
D. Weighted-Average and Moving-Average Methods
E. First-In, First-Out (FIFO) Method
F. Last-In, Last-Out (LIFO) Method
G. Lower of Cost or Market LCM Rule

VII. Internal Controls and Fraud Depreciation
A. How to Prevent, or Spot, Theft of Inventory and Other Non-Cash Assets by Employees
B. Preventing Employee Theft, Embezzlement or Fraud by Hiring the Right Employees
C. Insuring the Company Against Theft
D. How to Prevent, or Spot, Customer Check Fraud
E. Signs That May Indicate Payroll Fraud
F. How to Prevent, or Spot, Customer Credit-Card Fraud
G. Recommended Rules for Company Credit Cards
H. Preventing Vendors from Cheating the Company

Dates:August 1 - December 31, 2015   Check for other Dates
Meets:ONLINE - 24/7 access , 1 session(s)
Fee: $1,995.00

Please notify Anne Doyle at 864-250-8246 or anne.doyle@gvltec.edu after registration.

Sorry, this course is inactive. Please contact our office to see if it will be reinstated, or if alternative classes are available.