Basic Business Bookkeeping

Description

The BASIC BUSINESS BOOKKEEPING Online Course is designed for entrepreneurs, financial and bookkeeping staff who wish to gain a basic understanding of how the “books of account” are designed and integrate into business, leading ultimately into the Financial Statements.

Effective and efficient accounting and bookkeeping is the backbone of every business. Whether you are a bookkeeper, financial clerk or business manager, in the financial department of a business, or a business manager experiencing a growing exposure to the company’s financial statements, a solid understanding of basic business accounting will assist you in broadening your financial skill set.

This course outlines and builds on the accounting terms and principles taught at school, and builds on this, adding business application tools and tips. Reimagine your career when you are well-versed in accounting terms and principles, able to apply the accounting equation to business, and comfortable with analysing the company’s financial statements.

Reimagine your professional success if you could understand financial statements and extract the financial information you need to add to your department or business unit’s financial success.

By the end of the course learners will be able to understand basic business accounting statements and extract valuable financial information.

PRACTICAL BASIC BOOKKEEPING

· Basic Bookkeeping and Accounting Terminology

· Double Entry System / Principle

· Source Documents

· Accounting Cycle

· Understanding the Accounting equation

· Chart of Accounts

· Trial Balance

· Balance Sheet

· Income Statement

· Accruals and Provisions

· Journals

· Basic Ratio Analysis

· Reconciliations

· Depreciation and Amortization

· Fixed Assets and Fixed Asset Register

· Interest Calculation and Compound Interest

· Month End / Year End Process

· Annual Financial Statements – an overview

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