Understanding accounting fundamentals is an important part of running a successful business. Knowing how to track and manage your money helps ensure your business is profitable and able to pay its bills. A successful bookkeeper must be familiar with key financial statements such as the income statement, balance sheet, and cash flow statement.
A successful business owner or bookkeeper needs to understand the difference between assets and liabilities to have an accurate picture of the health of a business. This accounting certification program will help you define accounting terms like balance sheet, equity, income statement, revenue, expenses, and much more.
There are laws and regulations throughout the US and internationally that govern how you track your company finances. Following Generally accepted accounting principles (GAAP) helps ensure you remain compliant with these laws and pay the appropriate taxes at the correct times.
Businesses need to create a budget and stay within their means to remain profitable. The accounting certification program will discuss how to create a budget for your business and stay within the confines of that budget.
Digital Badge Awarded Upon Certification
Course Syllabus [.pdf] | Sales Brochure [.pdf]
– Online study material to prepare for exam.
– MSI Certification exam, completed online.
– Physical Certificate, Physical Transcripts mailed to you (US)
– Digital Certificate, Digital Badge, Verification Database
No, the Accounting Fundamentals certification training course includes all of the course work required to learn the system.
Accounting professionals must function at a high level within an organization. It is important for bookkeepers to have a solid understanding of accounting principles so that they can manage finances properly. This test is open note, however it is also timed, so you will not have much time to look up answers to questions. It is very important that you study and understand the material prior to taking the test or you will not pass.
This certification is not designed to make you an expert on all facets of accounting. This professional development course was designed to teach someone with little knowledge of accounting the basic skills needed to function as a book keeper within your organization.
The training course is self-paced. Time to complete and fully comprehend will vary with every individual. It may take several days or weeks of study before you feel comfortable to take the final test. You may take the final exam as soon as you’re ready. You have 1 year from the date of purchase to complete the course.
The test for Accounting Fundamentals Certified (AFC) is timed, with a limit of 1 hour. You may take the test online, from home or work whenever you are ready.
Participants who successfully complete this certification program will receive 10 Professional Competency Units (PCUs) from MSI.
You will be mailed a physical certificate & transcripts [US], which you can give to employers who request it. The certificate is heavy-stock, cream paper suitable for framing.
You are registering for the Accounting Fundamentals Certified (AFC)™ certification program through the Management and Strategy Institute (MSI). This certification is exclusive to MSI and you will be certified directly by the Institute upon passing, not a 3rd party certifying or accrediting body.
Certifications are generally the last item listed under the education section of your resume. List them directly beneath your college information in this format:
Management and Strategy Institute
– Accounting Fundamentals Certified™