{"id":1084,"date":"2015-06-30T03:20:30","date_gmt":"2015-06-30T03:20:30","guid":{"rendered":"https:\/\/universalaccountingschool.com\/?page_id=1084"},"modified":"2026-01-08T20:18:02","modified_gmt":"2026-01-09T03:18:02","slug":"account-ability","status":"publish","type":"page","link":"https:\/\/universalaccountingschool.com\/account-ability\/","title":{"rendered":"Advancing Your Account-Ability"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1084\" class=\"elementor elementor-1084\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"has_eae_slider elementor-element elementor-element-79d8c5ac e-flex e-con-boxed e-con e-parent\" data-eae-slider=\"37196\" data-id=\"79d8c5ac\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"has_eae_slider elementor-element elementor-element-7afd9fb e-con-full e-flex e-con e-child\" data-eae-slider=\"96725\" data-id=\"7afd9fb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-572c038 elementor-widget elementor-widget-video\" data-id=\"572c038\" data-element_type=\"widget\" data-settings=\"{&quot;video_type&quot;:&quot;vimeo&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<iframe class=\"elementor-video-iframe\" allowfullscreen allow=\"clipboard-write\" title=\"vimeo Video Player\" src=\"https:\/\/player.vimeo.com\/video\/906181431?color&amp;autopause=0&amp;loop=0&amp;muted=0&amp;title=0&amp;portrait=0&amp;byline=0#t=\"><\/iframe>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1a0348 elementor-widget elementor-widget-text-editor\" data-id=\"c1a0348\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\" data-sider-select-id=\"5df8b63f-fbaa-4983-8340-be67cec62178\">Advance Accounting Skills with Account-Ability<\/h1><div>\u00a0<\/div><p>Purpose: To help you set up a complete bookkeeping system and manage clients from a variety of more sophisticated industries for your new accounting and bookkeeping business. Average time to complete: 20 Hours<\/p><p>(<a href=\"https:\/\/universalschoo.wpenginepowered.com\/wp-content\/uploads\/2019\/07\/PBM3-Table-of-Content.pdf\"><strong>Advancing Your Account-Ability &#8211; Table of Contents<\/strong><\/a>)<\/p><h3>Sessions 1-2 \u2014 Dealerships: Complicated Accounting<\/h3><ul><li>How to effectively handle Flooring \u2014 the necessary evil of high-cost retailers<\/li><li>Accounting for creative selling<\/li><li>Understand additional sources of income that dealers have, that earn you profits, whether you are the dealer or the customer<\/li><\/ul><p><strong>CASE STUDY<\/strong>: Discover how dealerships account for large transactions by completing the accounting for a motorcycle dealership (City Cycle Company)<\/p><h3>Sessions 3-4 \u2014 Establish the Accounting Method that Fits the Business Best<\/h3><ul><li>The very first two things you must do when accounting for a company<\/li><li>Set up an efficient system from &#8216;scratch&#8217;<\/li><li>How to establish an organized system that will ensure your value as an accountant<\/li><li>Choosing between the cash and accrual methods<\/li><li>How to set up a hybrid system that will reap the benefits of both methods<\/li><\/ul><p><strong>CASE STUDY<\/strong>: Convert Sonja&#8217;s Art and Frame from the cash basis to the accrual basis in 3 easy steps<\/p><ul><li>How to get that iron-clad feeling \u2014 without a shadow of a doubt \u2014 that your financial&#8217;s are right<\/li><li>Identifying, customizing, and instituting effective auditing techniques<\/li><li>Learn how to spot and avoid dangerous trends<\/li><li>How to save the company thousands of dollars in auditing costs<\/li><\/ul><h3>Sessions 5-6 \u2014 Year-End Closings and Manufacturing<\/h3><ul><li>6 final adjustments that should be considered at year-end<\/li><li>Resetting the financial score<\/li><\/ul><p><strong>EXERCISE<\/strong>: Prepare the final adjusting entries and close out the general ledger for a company<\/p><ul><li>How to set up and run an efficient accounting system for the small &#8216;mom and pop&#8217; manufacturing company<\/li><li>The simplifying trick to Process Accounting \u2014 &#8220;SPECs&#8221;<\/li><li>How to price manufactured goods<\/li><\/ul><p><strong>CASE STUDY<\/strong>: Calculate the manufacturing costs for three months for the Widget Manufacturing Company<\/p><h3>Sessions 7-8 \u2014 Construction and Non-Profit Accounting<\/h3><ul><li>Job Costing &#8211; A simple way to track costs by the project<\/li><li>3 construction computations that you must know<\/li><li>Tracking revenues and costs by month<\/li><li>One step that you must never forget<\/li><\/ul><p><strong>CASE STUDY<\/strong>: Perform the accounting for CR Construction<\/p><ul><li>Accounting for a non-profit organization<\/li><\/ul><p><strong>CASE STUDY<\/strong>: Perform the accounting for Now Moreland Church<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Advance Accounting Skills with Account-Ability \u00a0 Purpose: To help you set up a complete bookkeeping system and manage clients from a variety of more sophisticated industries for your new accounting and bookkeeping business. Average time to complete: 20 Hours (Advancing Your Account-Ability &#8211; Table of Contents) Sessions 1-2 \u2014 Dealerships: Complicated Accounting How to effectively [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-1084","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/pages\/1084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/comments?post=1084"}],"version-history":[{"count":0,"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/pages\/1084\/revisions"}],"wp:attachment":[{"href":"https:\/\/universalaccountingschool.com\/wp-json\/wp\/v2\/media?parent=1084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}