Accounting and Business Administration-Advanced Certificate

Learn how depreciation and amortization allocate asset costs over useful life, compare straight-line and declining balance methods, and understand capital cost allowances under the Canada Revenue Agency.

Learn to manage quick assets to boost liquidity, focusing on cash and accounts receivable, why inventories and prepaid expenses aren’t quick assets, and rapid conversion within 45 days.

Learn how accounts payable and other liabilities affect the balance sheet, working capital, and cash flow, including current liabilities and long term liabilities, plus notes to the financial statements.

Learn to read and prepare cash flow statements, classify inflows and outflows into operating, investing, and financing activities, and assess liquidity with direct or indirect methods.

Measure liquidity regularly with current assets and liabilities using ratios such as acid test, quick, and current. Benchmark against industry to guide growth and ensure access to working capital.

Define the cost object, classify costs as direct or indirect, analyze variable versus fixed costs, and apply job costing or process costing to improve profitability and pricing.

Explore variable costs, how they change with production, and key examples like raw materials, direct labor, and packing, and how they impact pricing, budgeting, and cost of goods sold.

Identify direct costs tied to production or service delivery, distinguish them from indirect costs, and use them to set pricing and enhance profitability.

Learn how indirect costs, or overhead, relate to cost objects and direct costs, and explore allocation methods: fixed, proportional, and activity-based costing, to reduce expenses and improve pricing.

Identify fixed costs and use a three-step process to calculate them for monthly budgeting. Learn to distinguish fixed from variable costs, compute the break-even point, and reduce fixed costs.

Master labor cost control by conducting an HR diagnosis, optimizing processes, and automating operations to boost productivity and achieve gains of 10% to 15% while monitoring KPIs.

Differentiate cost of goods sold from cost of sales by detailing direct costs like raw materials and labor, and explain how inventory and depreciation affect gross profit and margins.

Explore operating expenses, including selling, general, and administrative costs, and learn how fixed overhead, rent, marketing, and salaries impact profitability and budgeting.

Explore how selling, general, and administrative expenses, including marketing, rent, and utilities, act as semi-variable costs shaping total costs and earnings before interest and taxes.

Explore semi-variable costs that combine fixed and variable components, learn to identify and calculate them from the monthly P&L, and understand their impact on gross and operating profit.

Learn how general and administrative expenses, including rent, utilities, and office supplies, impact the income statement. Explore how to manage and allocate overhead across departments.

Understand earnings before tax (ebt) as a profitability measure before tax, calculated from revenue minus expenses, excluding taxes, and compare it with ebit and ebitda.

Learn how to calculate gross profit margin from net sales and cost of goods sold, then use it to benchmark, track, and improve pricing and efficiency.

Discover how to calculate gross margin as a percentage of revenue after direct costs, using gross profit and COGS, and compare it with industry peers.

Learn how financial statements reveal your company’s health, liquidity, and performance. Apply these statements to strategic planning, budgeting, and informed decision-making.

Learn to read a balance sheet by analyzing current and fixed assets, current and long-term liabilities, and shareholders equity, and assess liquidity with ratios like current ratio and debt-to-equity ratio.

Master accounts payable management to safeguard cash flow, using timely payments, three-way matching, and accurate invoicing within 30–45 days; forecast 3–6 month cash flow.

Explore how the return on assets (ROA) measures profitability by dividing earnings after tax by total assets, with DuPont breakdown and industry comparisons to diagnose performance drivers.

Learn how the debt to total assets ratio is calculated and used to assess debt capacity and leverage against industry benchmarks.

Explore a general overview of the Odoo 17 accounting platform using the United States localization, developer mode, and key configurations for journals, taxes, currencies, and reporting.

Learn how to create and configure Odoo 17 journals—sales, purchases, cash, bank, and miscellaneous—using default income accounts, shortcodes, and dedicated credit sequences.

Master customizing the Odoo 17 chart of accounts by configuring account types, defaults, tags, and reconciliation steps to support tailored balance sheet and income statements.

Explore how Odoo 17 handles contacts as customers, vendors, employees, and contractors, using tags, default addresses, and sales/purchasing settings to automate invoices, taxes, and payments.

Explore how to customize and create financial reports in Odoo's new framework, including balance sheet and profit and loss, with filtering, comparison, and export options.

Configure inventory accounting in Odoo 17, select valuation methods (standard price, first in, first out, average cost), and override accounts at category and product levels for automated or manual entries.

Master manual inventory valuation in odoo 17 by learning to perform manual journal entries, adjust the stock valuation on the balance sheet, and calculate cost of revenue.

Explore standard cost with automated inventory valuation in Odoo 17, learning how stock valuation, stock interim received, and net price difference accounts capture price variances from purchases.

Explore how avco with automated inventory valuation updates cost prices based on the average unit cost and tracks stock value and cost of revenue in Odoo 17.

Explore fifo inventory valuation in odoo 17 with automated costing. See cogs of 30 on sale and the value updating to 25 and 20, with an average cost of 22.50.

Learn how automated inventory valuation in Odoo 17 tracks stock moves and creates journal entries by configuring inventory adjustment accounts for incoming and outgoing moves.

Learn how Odoo 17 tracks scrap inventory, automatically posting journal entries to cost of goods sold and reducing stock valuation via scrap locations and automated valuation.

Enable landed costs in inventory, create shipping and handling, apply costs to purchases or transfers using split methods to adjust inventory valuation and cost of goods sold in Odoo 17.