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

Assessment

  • Online Video Tuition
  • A downloadable PDF manual
  • Self Study

Delivery Method

Learners are assessed through a comprehensive exercise – 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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