Basic Accounting Principles With An Assessment

 
 

Difficulty: Moderate

Course Information

Course Outline

Entrance Requirements

Anyone  who wants to obtain a better understanding of accounting.

Target Learners

The course was developed for people who do not have a  good understanding of the accounting principles.

Delivery Method

  • Online Video Tuition
  • Self Study

Assessment

Your knowledge will be verified through an online assessment - this course does not provide an official qualification.

What is Accounting:
  • Accounting is mathematics
  • Double entry system
  • Examples
Value Added Tax (VAT)
  • What is VAT?
  • Calculating VAT
  • Examples
  • Accounting cycle
Sales Journal, Purchase Journal & Petty Cash Journal
  • Sales journal, debtors ledger and general ledger
  • Purchase journal, creditors ledger and general ledger
  • Petty cash journal and general ledger
Cash Book and Bank Reconciliation
  • Cash book journals, debtors ledger, creditors ledger and general ledger
  • Bank reconciliation
Journals and Loans
  • General journal
  • Debtor's journal
  • Creditor's journal
  • Long term loans
Fixed Assets
  • Acquiring assets
  • Disposal of assets
  • Depreciate assets
Trial Balance, Income Statement and Balance Sheet
  • Post from general ledger to trial balance
  • Compile an income statement / statement of income
  • Compile a balance sheet / statement of financial position
Comprehensive Exercise
  • How to do the comprehensive exercise
  • Discuss the comprehensive exercise

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