Practical Book Keeping

Certificate Courses: Practical Book Keeping Courses
  
Who Should Attend:
Account Clerk, Office Administrators, Secretaries, Account Assistants  & Non Financial Staff

Benefits:
    * Learn the proper accounting process
    * Understanding the principle of double entry in accounting system
    * Obtain knowledge in basic accounting & practices
    * Knowing the recording of business transactions & documents used in business transactions.
    * Know how to prepare a full set of financial statements


Course Outline: INTRODUCTION
    * Purpose of bookkeeping and accounting.
    * The accounting process
    * Accounting principles

RECORDING BUSINESS TRANSACTIONS
    * Analyzing business transactions
    * Clarification and meaning of Assets, Liabilities, Owners Equity, Income, Expenditure
    * Recording business transactions
    * Rules of double entries


DOCUMENTS USED IN BUSINESS TRANSACTIONS
    * Purchase Order
    * Delivery Order
    * Invoice
    * Official Receipt
    * Debit Note
    * Credit Note
    * Statement of Accounts
    * Payment Voucher
    * Bank Statement

BOOKS OF ORIGINAL ENTRY
    * General Journal
    * Sales and Purchases Journal
    * Sales and Purchases Returns Journal
    * Cash Book

TRIAL BALANCE
    * Purpose of trial balance
    * Detectable errors
    * Non-detectable errors
    * Preparation of Trial Balance

ADJUSTING THE ACCOUNT
    * Need for adjusting the account
    * Adjusting entries for prepayment and
    * Accrual expenses and income received in
    * Advance journalizing and posting adjusting entries

RELEVANT ACCOUNTING ISSUES
    * Bad Debt
    * Provision for bad debts
    * Bank Reconciliation

ACCOUNTING FOR FIXED ASSETS
    * Methods of calculation
    * Accounting entry for depreciation charges
    * Revaluation of Fixed Assets
    * Gain or loss disposal of assets

INVENTORY ACCOUNTING
    * Methods of valuation – First in first out,
    * Last in first out, weighted average,
    * Replacement cost

PREPARING FINAL ACCOUNT
    * Manufacturing Account
    * Trading account
    * Income Statement
    * Balance Sheet

Methodology:
Lecture, group discussions, exercises