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Lilico Academy
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Bookkeeping Advanced | 2026
Mariia Irodiuk
Course program
Introduction
Lesson 1 - How to use Kwiga
Lesson 2 - Your Instructor
Lesson 3 - Course Plan
MODULE 1 — Accounting Recognition Rules
Lesson 1 - Review of accrual accounting
Lesson 2 - Recognition vs recording
Lesson 3 - Revenue recognition criteria
Lesson 4 - Expense recognition principles
Lesson 5 - Common recognition errors in real client files
Lesson 6 - Financial statement impact of incorrect recognition
MODULE 2 — Adjusting Journal Entries
Lesson 1 - Purpose of Adjusting Journal Entries
Lesson 2 - Prepaid expenses
Lesson 3 - Amortization & depreciation adjustments
Lesson 4 - Accrued expenses
Lesson 5 - Accrued revenues
Lesson 6 - Unearned/deferred revenues
Lesson 7 - Example
MODULE 3 — Long-Term Assets (Capital Assets)
Lesson 1 - Tangible vs Intangible assets
Lesson 2 - Property, Plant & Equipment
Lesson 3 - Capitalization rules
Lesson 4 - Depreciation methods
MODULE 4 — Long-Term Liabilities
Lesson 1 - Notes payable
Lesson 2 - Shareholder loans
Lesson 3 - Leasing basics (operating vs finance — bookkeeping view)
Lesson 4 - Other non-current liabilities
MODULE 5 — Share Capital Transactions
Lesson 1 - Corporate equity structure overview
Lesson 2 - Common shares
Lesson 3 - Preferred shares
MODULE 6 — Dividends & Equity Movements
Lesson 1 - Retained earnings concept
Lesson 2 - Cash dividends
Lesson 3 - Stock dividends
Lesson 4 - Dividend declarations vs payments
Lesson 5 - Share repurchases/buybacks
MODULE 7 — PRACTICE COMPANY #1 — Easy
Practice 1
MODULE 8 — Payroll Reporting
Lesson 1 - ROE (Record of Employment) — when and how
Lesson 2 - T4 preparation overview
Lesson 3 - T4 Summary (T4SUM)
Lesson 4 - Payroll remittance reconciliation
MODULE 9 — Sales Tax Reporting
Lesson 1 - Sales tax overview
Lesson 2 - GST/HST calculation logic
Lesson 3 - Input Tax Credits (ITCs)
Lesson 4 - PST calculation and filing
Lesson 5 - QST calculation and filing
Lesson 6 - Adjustments and Re-filings
Lesson 7 - GST/HST memoranda & PST bulletins
MODULE 10 — PRACTICE COMPANY #2 — Medium
Practice 2
MODULE 11 — Bookkeeping for Sales Platforms
Lesson 1 - Revenue Recognition & Platform Fees
Lesson 2 - Sales Tax on Platform Sales
Lesson 3 - Platform Reports & Reconciliations
Lesson 4 - Sales Platforms and QBO
MODULE 12 — Accounting for Manufacturing
Lesson 1 - Manufacturing vs service accounting
Lesson 2 - Inventory types
Lesson 3 - Cost of Goods Manufactured (COGM)
Lesson 4 - Cost of Goods Sold (COGS)
Lesson 5 - Job costing
Lesson 6 - Accounting differences by industry - short overview
MODULE 13 — PRACTICE COMPANY #3 — Advanced
Practice - 3
MODULE 14 — Budgeting & Forecasting
Lesson 1 - Purpose of budgeting in business
Lesson 2 - Master budget components
Lesson 3 - Operating budgets
Lesson 4 - Flexible budgets
Lesson 5 - Capital budgeting basics
Lesson 6 - Tax considerations in budgeting
MODULE 15 — QBO Advanced
Lesson 1 - Automation rules & workflows
Lesson 2 - Rules
Lesson 3 - Recurring transactions
Lesson 4 - Managing multiple entities
Lesson 5 - Custom reports
Lesson 6 - Apps & integrations
Lesson 7 - Other
MODULE 16 — Exam
Exam
Bonus module
Lesson 1 - Careers in accounting
Lesson 2 - One day in accounting life
Lesson 3 - Resume
Lesson 4 - Interview
MODULE 11 — Bookkeeping for Sales Platforms
Lesson 1 - Revenue Recognition & Platform Fees
Lesson 2 - Sales Tax on Platform Sales
Lesson 3 - Platform Reports & Reconciliations
Lesson 4 - Sales Platforms and QBO
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