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General Accounting
AIB Course Code: 1002

Dates Offered | Registration (Deadline is one week prior to start date)

General Accounting provides a complete foundation in basic accounting procedures. This course presents the fundamentals of accounting in a practical, up-to-date, and easy-to-comprehend manner. The goal is to provide students with a strong basic knowledge of accounting terms, concepts, and procedures. Emphasis is placed on developing a firm foundation of fundamental procedures with appropriate repetition of content through the use of examples and color-coded illustrations.

Price* $625 Nonmembers / $505 Members
Course Length 16 Weeks
Course Credits AIB: 3.0 ; ACE: See below
Prerequisites Participants must be comfortable using Microsoft Excel.
Required Software Microsoft Excel, Adobe Acrobat Reader, Microsoft Internet Explorer Browser 7.0 or Mozilla Firefox 2.0 or higher
Textbook College Accounting, 9th Edition, 2008, Houghton Mifflin

Audience

Bank personnel with little or no accounting background at any level.

Learning Objectives

After successfully completing this program, you will be able to:

  • Understand the basic accounting cycle and define the basic elements used such as asset, liability, owner's equity, revenue, and expense accounts
  • List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements
  • Understand and perform functions relative to bank accounts and cash funds
  • Understand the implications of dealing with employee earnings and deductions, and with employee taxes, payments, and reports
  • Prepare a classified income statement and balance sheet, compute working capital and current ratio and journalize closing entries for a business

ACE College Credit Recommendation

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting.

VA Benefit Eligibility

To confirm eligibility for your VA benefits, follow these steps:

  1. Click here to get to the GI Bill Web Site page on the Department of Veteran Affairs website. 
  2. Click the link to "Search for approved Education & Job Training Programs".  
  3. Under "Search Filters", choose Non College Degree for the Program Type.
  4. Type American Bankers Association in the "Institution Name" box and hit Enter.

* Registration for one or more courses that include accompanying textbooks will also incur a shipping & handling fee.


Questions? Please contact online@aba.com or 1-800-BANKERS for more information.