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Basic Bookkeeping L2 COURSE INTRODUCTION:- Basic Bookkeeping Level 2 explains the principles of handling a company’s petty cash account, reconciling the company’s bank account, calculating amortization and calculating the gain/loss on disposal of capital assets. During the course you will examine the Income Statement, the Statement of Owner’s Equity and the Balance Sheet and then practice completing these financial statements. Finally, you will learn briefly about the transition from a manual to a computerized bookkeeping system. For those with limited experience in bookkeeping, we have provided a Supplement at the end of the workbook that contains information on the routines of bookkeeping, the accounting cycle, important percentages, accountability for work done, procedures to guarantee accuracy, monthly versus year-end procedures and safekeeping records. Basic Bookkeeping Level 2 helps you to understand more about accounting and some of the procedures used to produce financial reports. It begins with a review of the bookkeeping procedures learned in the Basic Bookkeeping Level 1 course and the process of balancing each of the subsidiary ledgers to its respective control account. Next, you learn about the different forms of business ownership (sole proprietorship, partnership and corporation), and then about the different types of organizations (service, merchandising, and manufacturing). OF INTEREST TO :- Those who are interested in a career as a bookkeeper or are interested in starting their own business. COURSE PREREQUISITES:- Basic Bookkeeping L1 COURSE AIM:- To provide a basic understanding of bookkeeping functions and of the procedures used to produce financial reports. COURSE CONTENT:- Lesson 1: Review of Bookkeeping Procedures; Trial Balance of Accounts Receivable and Accounts Payable Ledgers Lesson 2: Forms of Business Ownership; Types of Business Organizations Lesson 3: Petty Cash; Reconciling the Bank Account Lesson 4: Capital Assets; Amortization; Disposal of Capital Assets Lesson 5: The Income Statement; The Statement of Owner’s Equity; The Balance Sheet; Preparation of Financial Statements Lesson 6: The Transition; Introduction to Simply Accounting for Windows; Setting up a Computerized Accounting System; The Subsidiary Ledgers; The Payroll Ledger; Daily Transactions and Monthly Procedures Supplement: Routines of Bookkeeping; The Accounting Cycle; Important Percentages; Accountability for Work Done; Procedures to Guarantee Accuracy; Monthly Versus Year-End Procedures; Safekeeping Records 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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