The finance department is the backbone of any organization. Without proper financial reporting and planning a company walks blindly in its day-to-day operation. The very basic components a business needs are fundamental bookkeeping and accounting practices.
This short course provides an introduction to general bookkeeping and accounting practices. Participants will learn how-to run bookkeeping and accounting including all fundamental concepts and reporting. They will be able to execute the function for any small company even in the old-fashioned manual way.
Modules:
- Introduction to Accounting
- The Accounting System
- The Balance Sheet & Accounting Equation
- Double Entry System for Assets, Liabilities and Capital
- Double Entry System for Assets of Stock
- Double Entry System for Expenses and Revenues
- Balancing of Accounts
- The Trial Balance
- Trading and Profit & Loss Accounts
- Business Documentation
- Sales Book and Ledger
- Purchase Book and Ledger
- Sales and Purchase Return Book
- Cash Book
- Petty Cash
- Capital and Revenue Expenditures
- Financial Statements
- Value-Added Taxes
- Bank Reconciliation
- The Journal
- Control Accounts
- Depreciation of Fixed Assets
- Bad Debts and Doubtful Accounts
- Accruals
- Suspense Accounts
- HIV / AIDS Awareness
Duration: 3 Months
Admission Requirements: Junior Certificate (JC) / Form 3 or 1-year work experience in any field. Those with a lower qualification are invited to contact the college for consultation and interview.