Brief Introduction
Basic Accounting Principles - learn accounting the easy wayDescription
Description
The training course will provide students with the necessary skills to understand the basic accounting principles and to compile financial records and interpret the financial statements.
Students, financial clerks and entrepreneurs will be able to apply the basic accounting principles in their studies/work place/business.
The course consists of 9 videos with examples and explanations.
At the end of the training students should be able to:
Understand the basic accounting principles
Compile financial records
Compile financial statements
Analyse financial statements
Course Outline
What is accounting
Accounting is mathematics
Double entry system
Examples
Value Added Tax & Accounting Cycle
What is Value Added Tax
Calculate VAT
Examples
Accounting cycle
Sales Journal, Purchase Journal & Petty Cash
Sales journal, debtors ledger & general ledger
Purchase journal, creditors ledger & general ledger
Petty cash journal & general ledger
Cash Book & Bank Reconciliation
Cash book journals, debtors ledger, creditors ledger & general ledger
Bank reconciliation
Journals & Loans
General journal
Debtors journal
Creditors journal
Long term loans
Calculate interest
Account for loans
Fixed Assets
Acquiring of assets
Disposal of assets
Depreciation calculation
Trial Balance, Income Statement & Balance Sheet
Post from the general ledger to the trial balance
Compile and Income statement / statement of income
Compile a balance sheet / statement of financial position
Comprehensive Exercise
Detail discussion on how to account for transactions in an accounting system and to compile an income statement and balance sheet
Requirements
- Requirements
- No prerequisites - only a will to learn
Johann de Klerk
4 Raiting
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