Improve or refresh your fundamental understanding of accounting recording and reporting processes.
Description
Accounting can be daunting if you're new to the field, but it's a significant part of understanding business. This learning manual explains the concepts and principles and provides real-life examples, helping you to improve (or refresh) your knowledge and skills required to perform key recording and reporting processes.
Key topics:
- The accounting framework, double entry bookkeeping, systems and reports
- Accounting process, drafting and interpreting the statements
- Accrual accounting and depreciation
- Recognising revenue
- Accounting for bad debts
This course consists of one hard copy learning manual and one online assessment.
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Learning objectives
- The structure and rationale of an accounting system.
- Account for transactions using the double-entry bookkeeping system.
- The three basic accounting statements (at a working knowledge level) and how to create them
- The difference between cash and accrual accounting and its impact on the financial statements.
- How to caculate and record balance day adjustments, including depreciation and accrued expenses
Audience
This learning manual is designed for people working in corporate entities, small to medium enterprises and not-for-profits with limited accounting knowledge.