Basic Bookkeeping Level 1 course provides students with an understanding of the double-entry system of bookkeeping and provides essential accounting tools for the workplace. The course explains the principles of handling a company’s books of accounts, including Accounts Payable, Accounts Receivable, and Payroll. During the course students will practice entering data into journals, posting to ledgers, balancing the ledgers, performing trial balances, and entering adjustments into the records.
Basic Bookkeeping Level 2 course provides students with a greater understanding of accounting and the procedures used to produce financial reports. This course explains the principles of handling a company’s petty cash account, reconciling the company’s bank account, calculating amortization and calculating the gain/loss on disposal of capital assets. During the course, students examine the Income Statement, the Statement of Owner’s Equity and the Balance Sheet, and then practice completing these financial statements. Finally, students learn briefly about the transition from a manual to a computerized bookkeeping system.
For those with limited experience in bookkeeping, we have provided a supplement at the end of the workbook that contains information on the routines of bookkeeping, the accounting cycle, important percentages, accountability for work done, procedures to guarantee the accuracy, monthly versus year-end procedures and safekeeping records.
