What will you in Bookkeeping Basics Explained (Bookkeeping & Accounting) Course
Understand the basic principles of bookkeeping and accounting.
Learn how to track income and expenses effectively.
Differentiate between assets, liabilities, and equity.
Understand the fundamental accounting equation.
Gain confidence in reading and interpreting financial statements.
Apply bookkeeping concepts to real-world scenarios.
Program Overview
Module 1: Introduction to Bookkeeping
⏳ 30 minutes
Overview of bookkeeping and its importance.
Key terms and concepts in bookkeeping.
The role of a bookkeeper in a business.
Module 2: The Accounting Equation
⏳ 30 minutes
Understanding the fundamental accounting equation: Assets = Liabilities + Equity.
How transactions affect the accounting equation.
Examples of common transactions and their impact.
Module 3: Recording Transactions
⏳ 45 minutes
The process of recording financial transactions.
Using journals and ledgers.
Double-entry bookkeeping system.
Module 4: Financial Statements
⏳ 45 minutes
Introduction to financial statements: Income Statement, Balance Sheet, and Cash Flow Statement.
How to prepare and interpret each statement.
The relationship between the financial statements.
Module 5: Managing Accounts
⏳ 30 minutes
Accounts Receivable and Accounts Payable.
Tracking and managing customer and supplier accounts.
Reconciling bank statements.
Module 6: Best Practices and Common Mistakes
⏳ 30 minutes
Best practices for effective bookkeeping.
Common bookkeeping mistakes and how to avoid them.
Tips for maintaining accurate financial records.
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Job Outlook
- Bookkeeping is a critical function in businesses of all sizes.
- Professionals with bookkeeping skills are in demand across various industries.
- Entry-level positions such as Bookkeeper or Accounting Clerk offer opportunities for career advancement.
Specification: Bookkeeping Basics Explained (Bookkeeping & Accounting)
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