Basic Accounting Principles
Difficulty: Easy
Course Information
Course Outline
Entrance Requirements
This course is recommended for learners who are in grade 8 or above.
Target Learners
The course has been designed for learners who are finding accounting difficult or would like to get a better understanding of fundamental accounting concepts
Delivery Method
- Online Video Tuition
- A downloadable PDF manual
- Self Study
Assessment
Self assessment for learners - 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
- Calculate interest
- Account for loans
Fixed Assets
- Acquire 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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