Course in introduction to basic bookkeeping
This short course provides delegates with a basic understanding of bookkeeping, principles and terminology, the effect of transactions on the accounting equation, recording of transactions in the subsidiary journals, posting to the ledger and drawing up of the trial balance. Delegates will also gain an understanding of bank reconciliation statements, inventory systems and inventory methods widely used in practice.
Learning outcomes:
After completion of this short course, delegates will be able to:
- understand the nature and function of bookkeeping;
- understand the effect of transactions on the accounting equation;
- understand basic VAT and apply it in practical situations;
- process accounting data in subsidiary journals and ledgers;
- prepare a trial balance;
- reconcile the debtors control account with the debtors ledger;
- reconcile the creditors control account with the creditors ledger;
- complete a bank reconciliation statement and reconcile the bank account with the balance on the final bank statement;
- understand the difference between the perpetual inventory system and the periodic inventory system;
- calculate the closing inventory when the FIFO, weighted average or retail method is used.
Course content:
The course covers the following topics:
1. Bookkeeping principles and terminology
2. Accounting of transactions
3. Reconciliation of the debtors and creditors control
4. Bank reconciliation statement
5. Inventory systems and inventory methods
Candidates attend class contact sessions on the following days.
01 August 2015
15 August 2015
29 August 2015
12 September 2015
26 September 2015
Direct link to the course page;
http://www.ceatup.com/Course?tabid=58&Course=592e86f3-b8f2-df11-9e88-0050569b0004
Time: 08:00 - 16:00
Venue: University of Pretoria, Main Campus, Pretoria
Cost: R 5500.00