Principles of Bookkeeping
Understand the fundamentals of bookkeeping and their application in business.
The basics of bookkeeping are essential in every business, worldwide. Understanding these principles will assist with the completion of the monthly bookkeeping cycle for those currently working in accounting, and the understanding of the bookkeepers' duties for those who need the knowledge to oversee employees in financial positions.
The course will assist with:
Understanding the bookkeeping and accounting cycles
The accounting equation and how it forms the basis of daily life and bookkeeping
Assets, liabilities, income, expenses and proprietary accounts
Understanding the double entry system
VAT calculations
Completing Journals
Completing the general ledger and understanding its importance
Extracting a trial balance
Constructing a basic income statement and balance sheet.
A basic calculator is essential.
This course is designed for:
Individuals currently working in financial services (e.g. bookkeepers and debtors and creditors clerks) who do not have formal qualifications and would like to improve their prospects of promotion by enhancing their personal development.
Anyone who is contemplating a career in Accounting and would like to confirm whether this is the correct path for their professional development.
Anyone who would like to understand the construction, and therefore the understanding, of an Income Statement and Balance Sheet.
Time: 08:00 - 16:30
Venue: Nation Wide
Cost: R900