![]() Illustrate how transactions can be recorded in terms of the resulting change in the elements of the accounting equation.Ĭourse 1 Bookkeeper Basics, or the equivalent, is a recommended prerequisite for this course. Outline how depreciation expense is reported on an income statement Describe the importance of control over inventory Summarize the common types of assets a business may have ![]() Upon completing this course, you will use your new knowledge of assets to record transactions and produce financial statements for increasingly complex business situations.īy the end of this course, you will be able to: You will gain an understanding of common asset types, learn how to account for inventory, calculate cost of goods sold, and work with Property, Plant, and Equipment (PP&E). If you are familiar with bookkeeping basics, such as double entry accounting, you are ready for this course. Sales Returns and Discounts c.In this second course, you will dive deeper into the world of bookkeeping and focus on accounting for assets. Inventory Cost Method 5.3 Accounting for Sales and Receivables a. Cash Flow Statement 5.2 Accounting for Inventory a. Policies and Procedures for Cash Receipts and Disbursements d. Introduction 1.1 The Need for Accounting in Business 1.2 Business and its Motive 1.3 The Decision Makers 2. The Accounting Structure of a Business 2.1 Forms of Business Organization 2.2 Types of Business Operations 2.3 The Chart of Accounts 2.4 The Business Forms 2.5 The Book of Accounts 2.6 The Accounting Equation 2.7 The Accounting Period 2.8 The Statement of Capital 3. Determining Income from Operations 3.1 Revenues, Expenses, Net Income and Net Loss 3.2 Cash and Accrual Methods of Bookkeeping 3.3 Depreciation of Fixed Assets 3.4 Income Statement for a Service Company 3.5 Income Statement for a Merchandising Company 3.6 Income Statement for a Manufacturing Company 4. The Bookkeeping Cycle (The Accounting Process) 4.1 The Recording of Transactions 4.2 Posting to the General Ledger 4.3 Preparation of Trial Balance 4.4 Preparation of Adjusting Entries 4.5 Preparation of Financial Statements 4.6 Closing the Books of Accounts 4.7 The Revising Entries 5. The Worksheet 5.1 Accounting for Cash a. And anyone who wants to Learn Accounting.To appreciate Accounting and Bookkeeping in a relative and engaging way. Bookkeeping is a process of recording and organising all the business transactions that have occurred in the course of the business.To be confident when bookkeeping through actual practice sets.Prepare for a career in bookkeeping by learning bookkeeping basics and how. To learn how to Account for Cash, Inventory, Sales and Receivables Our Accounting Essentials Certificate program can help you learn the essentials.To be able to prepare, analyze and adjust the 4 Financial Statements ( Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity).To be knowledgeable of the proper way to record Financial Transactions in Journals and in the General Ledger.To have a general understanding of the importance of Accounting and Bookkeeping in the Financial Management side of Business.Objectives: By the end of the seminar, participants will be able to: Bookkeeping is the process of recording and keeping track of all of the financial transactions that occur within an organisation. Six components are essential in designing the proper accounting system for your home based business. 'The time to have a map is before you enter the woods.' Brendon Burchard. So you can understand how financials flow from the eyes of a bookkeeper. 6 Essential Components ToDesigning Your Bookkeeping System. Because debits equal credits, double-entry accounting prevents some common bookkeeping errors. Expect an Integrated learning experience with relative discussions and practical exercises. It is important to have an accurate bookkeeping because this will let you see a clearer picture of a company’s financial health. Overview: Bookkeeping Basics: Essential Training for Non-Accountants is a training course designed to coach its participants in learning how to record financial transactions the right way. Venue: 1625 City & Land Mega Plaza, ADB Ave.
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