An Introduction to Bookkeeping

Overview

Course duration: 1 day.

This course covers basic bookkeeping and takes delegates through the accounting process from the generation of source documentation to the preparation of final accounts.

Is it right for me?

Suitable for staff with nobookkeeping experience - maybe joining an accounting office and needing to acquire a basic introduction to the accounting process as well as a working knowledge of fundamental bookkeeping skills.

What will I learn?

By the end of this course you will be able to:

• Manage the books of prime entry (sales day book and purchases day book)
• Perform double entry bookkeeping
• Compile accounts to trial balance, income statement and balance sheet
• Account for items such as:
• • Depreciation
  • Accruals
  • Prepayments

What will it cover?

The Initial Process

• Source documentation
• Books of prime entry
• Ledger accounts

Constructing the Final Accounts

• Double entry bookkeeping
• Constructing the trial balance
• Errors not flagged by the trial balance
• Deriving the Profit and Loss Account and Balance Sheet

Accounting for Cash and Bank

• Three column cash books
• The petty cash book
• Bank reconciliation statements

Review of:

• Depreciation of fixed assets
• Accruals and pre-payments