CPE Credit for Mastering Accounting Basics for QuickBooks Users

Thanks for your interest in CPE credit for this product. Here are the forms and documents you need.

To Study/Prepare for the CPE TEST

Download/Print the Review
This is useful to test your knowledge prior to submitting the CPE TEST.

Download/Print the Review with Answers/Feedback
This is useful after completing the Review, to check your answers and get feedback on why an answer is right or wrong.

Take/Submit the CPE TEST

Download/Print the CPE TEST and Submittal Form
Complete the CPE Test and Submittal Form. Instructions for sending these items to Real World Training are contained in these documents.

Topics Covered

• Definition of Accounting from a small business perspective.
• Explanation of why you need accounting.
• Detailed explanation of financial statements.
• Double entry accounting and how it applies to QuickBooks.
• Common transactions in terms of debits and credits.
• 6 key principles of accounting of accounting-defined and explained.
• 6 key principles of accounting of accounting-demonstrated in QuickBooks.
• Setting up chart of accounts for management reports vs. financial reports.
• Techniques to review numbers for accuracy.
• How to find accounting errors.
• Supporting accuracy of data-using internal support (QB Reports) and external support.
• Analyzing trends.
• Interpreting variable expenses.
• Financial ratios.
• Expert Analysis.
• Explanation of accounting cycles (daily, monthly, quarterly, annual).
• Tasks associated with each accounting cycle.
• Key tasks within each cycle demonstrated in QuickBooks.
• "Language" of accounting-accounting terms defined.
• QuickBooks reports for accountants.
• Account numbers and class tracking.
• Budgeting and planning in QuickBooks.
• Cash vs. accrual accounting.
• Understanding and using retained earnings.
• Finding prior year changes.

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