Course content
1. Introduction to Bookkeeping: An overview of the role and importance of bookkeeping in business, including basic accounting concepts and principles.
2. Financial Transactions: Understanding different types of financial transactions, such as sales, purchases, payments, and receipts, and learning how to record them accurately.
3. General Ledger and Chart of Accounts: Creating and maintaining a general ledger, setting up a chart of accounts, and organizing financial information.
4. Double-Entry Bookkeeping: Learning the principles of double-entry bookkeeping, which involves recording transactions as debits and credits to maintain the balance of accounts.
5. Financial Statements: Understanding the preparation of financial statements, including the income statement, balance sheet, and cash flow statement.
6. Bank Reconciliation: Reconciling bank statements with the company records to ensure accuracy and identify any discrepancies.
7. Payroll Accounting: An introduction to payroll processes, including calculating employee wages, deductions, and taxes, and maintaining payroll records.
8. Software Applications: Familiarization with bookkeeping software, such as QuickBooks or Xero, and learning how to use these tools for bookkeeping tasks.
9. Financial Analysis: Basic financial analysis techniques, such as calculating key ratios and interpreting financial data.
10. Ethical Considerations: Understanding the importance of ethical behavior in bookkeeping, including confidentiality, integrity, and professional standards.
Assessment
The assessment is done via submission of assignment. There are no written exams.