In this course, you will learn about the accounting equation and the five categories involved in every business (Assets, Liabilities, Owner’s Equity, Revenue and Expenses). Every financial transaction falls into one or more of these categories. Learn how to create a chart of accounts that meet the needs of your business. You will learn how double entry bookkeeping works and the process of recording debits and credits. This course will show you how to identify, analyze and record transactions using journal entries under the cash basis accounting method.
One month; Sharon deFonteny, instructor


Unit 1:  The Accounting Equation and Categories
·         The Accounting Equation
·         The Five Accounting Categories
·         The Chart of Accounts
·         Account Placement
·         Activity ~ Categorizing Accounts
·         Cash Basis Accounting vs. Accrual Basis Accounting
Unit 2:  Debits and Credits
·         T-Accounts
·         Debits and Credits
·         Double Entry Bookkeeping
·         Analyze Financial Activities (Transactions)
Unit 3:  Assets, Liabilities, and Owner’s Equity
·         Recording Transactions for Assets
·         Recording Transactions for Liabilities
·         Recording Transactions for Owner’s Equity
Unit 4:  Revenue and Expenses
·         Recording Transactions for Revenue
·         Recording Transactions for Expenses
·         Activity ~ Recording Transactions

Question MarkAbout online learning

Online learning is a fun, enjoyable and very productive way to learn. Millions of people are learning online each year. You will engage with the instructor and other participants. You will get to know your instructor and other participants. You may make friends.  It’s easy. It’s fun. 

GearsHow the Course Works

It is easy to participate in your online course. After you register, you will be given a web address to go to get into your online classroom.  You will have a password and use your email address and password to gain access.

Once inside the online classroom, here’s what you can expect.

CalendarParticipate when you want

You can participate any time of day or evening. The online classroom is open 24 hours a day, 7 days a week.
There are no live real-time requirements or meetings. You decide when you participate.
For the best learning, participants should log into the course on 2-3 different days of the week.

ChecklistWhat you will do

For each Unit, you will:

  • Access the online readings
  • Listen to the audio presentation for the Unit and view the slides
  • Take a self-quiz to see how much you have learned
  • Engage in written online discussion with your instructor and other participants

For best learning, you should make one or more comments at 2-3 different times each day.

The content (readings, audio lectures, slides) and self-quizzes are accessible for the entire course, so you can work ahead, or go back and review again, at your convenience.


The Discussion for each Unit lasts one week. All comments are made in writing and can be made at any time of the day or night.

Your instructor will log into the Discussion area at least once a day and answer questions, make comments, and respond to comments by you and the other participants.

We encourage you to make 2-3 comments each day to maximize your learning and enjoyment of the course.

It’s easy. It’s fun.


Next offering(s):

Closing Procedures and Financial Statements
August 3 - 28
November 2 - 27

General Ledger and Month End Procedures
October 5 - 30

Understanding Debits and Credits
September 8 - October 2

Add Certificate To Cart
$495.00 USD
$195 USD

Ave. hours 16; 1.6 CEUs/ILUs

About Your Instructor

Sharon deFonteny has a degree in Business Education with a concentration in Accounting and spent many years in Corporate America working in Accounting and Finance. For the past 5 years, she has created and taught online Business courses for Bucks County Community College. Her experience in business, as well as experience in teaching, has allowed her to help people understand the Accounting and Finance process.  

Directional ArrowsCourse Objectives

·         Students will gain an understanding of the accounting equation and the five accounting categories.
·         Students will learn the difference between cash basis accounting and accrual accounting.
·         Students will learn the importance of recording financial activity in a timely manner.
·         Students will learn how to use the double entry bookkeeping system with a solid understanding of how debits and credits work.
·         Students will learn how to properly record financial activity using journal entries.

Puzzle PiecesCourse Outcomes

Upon completion of this course, you will be able to:

·         Create a chart of accounts that meet the needs of your business
·         Analyze and record transactions accurately and in a timely fashion
·         Maintain your books using the cash basis accounting method
Completion Requirements