Industry Certificate in Bookkeeping Fundamentals | School of Careers by Talentbank

Program Overview

Get practical financial skills to help you balance the books and work in any industry

Bookkeeping is about collecting information, recording events, and organizing those records to make better decisions. Accountants use the financial transactions recorded in ledgers or “books” to create a company’s income statement and balance sheet.

We will introduce you to the essential skills and concepts of bookkeeping and accounting. You will gain some practical skills in numeracy including learning about rearranging simple equations as well as some important calculator skills. You will gain knowledge and understanding of the fundamental principles that underpin bookkeeping and accounting as well as the components of a journal entry—debits and credits—and the essential questions a bookkeeper/accountant asks in reviewing those transactions. Further in, you will learn the time-honored rules of double-entry bookkeeping and also how to prepare a trial balance and the two principal financial statements: the balance sheet (also known as the statement of financial position) and the profit and loss account (also known as the income statement).

Discover how money flows in personal and business environments and develop the skills to manage your finances with this online accounting and bookkeeping course from the School of Careers.

Prerequisites

16 years and above
Basic numerical literacy with or without accounting experience

Course Objectives

Help students to learn and manage their company's finance
Prepare you to take the ACCA exam
Preparing students the necessary skills and knowledge to perform at their job
Guide you about business transactions, the banking system and double entry bookkeeping

Learning Activities

Classroom Lecturing
Quiz & Test
Practical Exercise Case Studies Learning Activities
Group or Individual Work
Self-evaluation Training

Career Options

Bookkeeper
Accounting Clerk
Accountant
Accounts Executive
Payables / Receivables Executive
Chartered Accountant

Technology Requirements

PC Desktop / Laptop
Stable Internet Connection
Calculator

Why Study Bookkeeping

Better Employability

To enable the development of new skills and earn a better employment opportunity

Start with the basics

Understanding the definition, structure, and principles of accounting principles

Manage your Finance

Manage your company’s finance better through skills and knowledge acquired throughout this course

Offer value

Position yourself as a competent bookkeeping specialist within a short time and minimal investment

Course Outline

Module 1: ACCOUNTING BASICS

– Introduction to Accounting Basics
– Income Statement
– Assets
– Liabilities and Stockholders’ Equity
– Statement of Cash Flows, Double Entry System
– Case Studies

Module 2: DEBITS AND CREDITS

– Introduction to Debits and Credits
– T-accounts & Journal Entries
– Normal Balances, Revenues & Gains, Expenses & Losses, Permanent & Temporary Accounts
– Debits and Credits; A look at examples of Sole Proprietorship & Corporation
– Pertinent Facts relating to Debits and Credits

Module 3: CHART OF ACCOUNTS

– Introduction to Chart of Accounts
– Case Studies: Large Corporation
– Case Studies: Small Company

Module 4: BOOKKEEPING FUNDAMENTALS

– Introduction in Bookkeeping
– Accrual Method and Cash Method
– Double Entry; Debits and Credits
– General Ledger Accounts
– Debits and Credits in the Accounts
– Asset Accounts
– Liability and Stockholders’ Equity Accounts
– Income Statement Accounts
– Recording Transactions; Bank Reconciliation
– Adjusting Entries; Reversing Entries
– Balance Sheet & Income Statement
– Cash Flow Statement
– Statement of Stockholders’ Equity

Module 5: ACCOUNTING EQUATION

– Introduction to Accounting Equation
– Case Study 1: Sole Proprietorship
– Case Study 2: Corporation

Module 6: ACCOUNTING PRINCIPLES

– Introduction to Basic Accounting Principles & Guidelines
– How Accounting Principles affect Financial Statements

Module 7: FINANCIAL ACCOUNTING

– Introduction to Financial Accounting
– Double Entry and the Accrual Basis of Accounting
– Financial Reporting
– Financial Accounting vs “Other” Accounting

Module 8: ADJUSTING ENTRIES

– Introduction to Adjusting Entries
– Adjusting Entries – Asset and Liability Accounts
– Accruals & Deferrals

Module 9: FINANCIAL STATEMENTS

– Introduction to Financial Statements
– Accounting Periods and Users of the Financial Statements
– Income Statement
– Statement of Comprehensive Income
– Balance Sheet
– Statement of Stockholders’ Equity
– Statement of Cash Flows

Module 10: WORKING CAPITAL AND LIQUIDITY

– Introduction to Working Capital
– Reporting Working Capitals
– Working Capital Ratios

Module 11: FINANCIAL RATIOS

– Introduction to Financial Ratios
– Financial Ratios on Financial Statements
– Vertical Analysis and Horizontal Analysis
– Other Financial Ratios

Module 12: BANK RECONCILLIATION

– Introduction to Bank Reconciliation
– Preparing Bank Reconciliation

Module 13: ACCOUNTS RECEIVABLES

– Introduction to Accounts Receivables
– Bad Debt Expenses
– Difference between Expense and Allowance, Aging of Accounts Receivables
– Writing Off and Recovery of Account under Allowance Method

Module 14: ACCOUNTS PAYABLE

– Introduction to Accounts Payable
– Account Payable Process
– General Ledger Account: Accounts Payable

Module 15: INVENTORY AND COST OF GOODS SOLD

– Introduction to Cost of Goods Sold
– Inventory Systems
– Methods of Estimating Inventory

Module 16: DEPRECIATION

– Introduction to Depreciation
– Straight-Line Depreciation
– Selling a Depreciable Asset and Other Information

Apply now or speak with our Career Advisors

Find out more on how to apply for our courses or perhaps inquire about our scholarships by booking a slot with our Career Advisors.

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