Brief Introduction
Let's get ready to do some Accounting and Bookkeeping!Description
This course is designed to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements and assist students and learners to various accounting techniques that can be used in the every day world of finance as well as to introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.
This course is great for individuals that are starting up their own businesses in order for them to manage finances and understand the rules of accounting.
Requirements
- Requirements
- An eager mind to learn the basics of accounting and bookkeeping
Knowledge
- Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
- Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
- Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance
- Understanding the various statements within the Financial Statements
- Preparing a bank reconciliation
- Preparing a trial balance
- Posting to the general ledger accounts
- Preparing a set of financial statements
- Preparing a set of consolidated financial statements
- Choosing the right accounting package for you
- How to manage working capital of a business
- Ratio analysis and how to make use of various ratios to increase performance
- Demonstrate the use of double-entry and accounting systems
- Record transactions and events
- And much more...
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