Basic bookkeeping
This course is designed for delegates with minimal or no prior knowledge of basic accounting and bookkeeping concepts and techniques and is aimed at introducing them to the language and principles of accounting so that they may record basic financial transactions, as well as engage and understand what the accountants and other financial role players are saying.
Trainer: Caryn Maitland - Maitland & Associates
Course objectives
After attending this course, delegates will have gained a basic understanding of the competencies mentioned below and must be able to apply the concepts and techniques in simple, uncomplicated situations and environments:
• Review and understand basic financial statements.
• Understand how financial information is recorded.
• Be able to understand and process common financial transactions.
• Calculate basic financial provisions and estimates.
Course content
This course will cover the following topics:
• Objective of financial information.
• The accounting equation.
• Elements of financial statements.
• Recognition and basic measurement of financial transactions - Routine transactions vs. non routine transactions vs. estimates.
• Identification of source documents and recording in the relevant journals, subsidiary and general ledgers through to trial balance.
• Specific issues: Logic of a recon, calculating a provision (example accounting fees), calculating depreciation and profit/loss on a sale of an asset, amortisation schedules and installment sale agreements, reconciling debtors and creditors - implication of differences and credit debtors, understanding a cash flow statement.
• Review the a to z of an accounting file.
Who should attend
Any person who is looking to gain an understanding of the accounting process, or who is running their own business, that does not have an accounting element to their training or experience.
Time: 08:30 - 16:30
Venue: Chamber House, Royal Showgrounds, Pietermaritzburg
Cost: Members: R1,100 p/p, Non-members: R1,200 p/p