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Basic Bookkeeping Terms & Concepts

COURSE INTRODUCTION:-

The Basic Bookkeeping Terms and Concepts course introduces the student to the basic concepts that apply to bookkeeping practice in a general sense.

 Subjects and tasks covered include:

    Analysing source documents and recording debits and credits using T-Accounts

    Recording transactions in the General Journal

    Posting transactions from the General Journal to the General Ledger

    Preparing a Trial Balance from the General Ledger

During the course you will be given exercises based on the concepts that each lesson explores.

COURSE PREREQUISITES:- None

OF INTEREST TO :-

Those who are interested in a career as a bookkeeper or are interested in starting their own business.

COURSE AIM:-

To provide a basic understanding of bookkeeping functions, terms and concepts.

COURSE CONTENT:-

Lesson 1: Terms and Concepts

    A  The Accounting Equation

        Task A-1:  Analyzing the Accounting Equation

      Owner's Equity Accounts

        Task A-2:  Identifying Assets and Expenses

      Transactions Affecting Owner's Equity Accounts

        Task A-3:  Analyzing Transactions

    B  Debits & Credits

      Analyzing Transactions using Debits & Credits

        Task B-1:  Recording Transactions in T-accounts

      Balancing a T-account

        Task B-2:  Balancing T-accounts

Lesson 2: Terms and Concepts

    A  Recording Transactions in the General Journal

      General Journal Entry Format

      Journalizing Transactions

        Task A-1:  Journalizing Transactions

      Source Documents

      Sales Invoices

      Vendor Invoices

      Cheques & Cheque Stubs

      Deposit Book

      Bank Statement

        Task A-2:  Journalizing Transactions from Source Documents

    B Posting Transactions into the General Ledger

      The Posting Process

        Task B-1:  Posting

    C The Trial Balance

        Task C-1:  Preparing a Trial Balance

    D The Financial Statements

Lesson 3: Practical Exercises 

COURSE NOTES:-

Course material is provided as an ongoing reference.

A certificate is issued upon the student’s completion of the course and on attaining a pass mark of 80% or higher for the final assessment

 

 Courses Start every Monday

We are open weekdays, one evening and Saturday mornings.

Flexi-Time Self-Paced, Pick-'n-Mix Training. Our Exclusive System allows you to learn at your own pace within your own flexible, time commitments. There is no need to keep pace with other students

Set your own schedule; You can create a schedule that lets you accommodate your job, your family and other time commitments.

Financial arrangements available or use our Time Payment Plan.

WINZ  Funding may be available  - conditions apply.

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