Accounting Crash Course

Description

The training course will provide students with the necessary skills to understand the basic accounting principles and to compile financial records and interpret the financial statements.

Students, financial clerks and entrepreneurs will be able to apply the basic accounting principles in their studies/work place/business.

The course consists of 9 videos with examples and explanations.

At the end of the training students should be able to:

1. Understand the basic accounting principles

2. Compile financial records

3. Compile financial statements

4. Analyse financial statements

Course Outline

1. What is accounting

   • Accounting is mathematics

   • Double entry system

   • Examples

     
     

2. Value Added Tax & Accounting Cycle

   • What is Value Added Tax

   • Calculate VAT

   • Examples

   • Accounting cycle

     
     

3. Sales Journal, Purchase Journal & Petty Cash

   • Sales journal, debtors ledger & general ledger

   • Purchase journal, creditors ledger & general ledger

   • Petty cash journal & general ledger

     
     

4. Cash Book & Bank Reconciliation

   • Cash book journals, debtors ledger, creditors ledger & general ledger

   • Bank reconciliation

     
     

5. Journals & Loans

   • General journal

   • Debtors journal

   • Creditors journal

   • Long term loans

     • Calculate interest

     • Account for loans

       
       

6. Fixed Assets

   • Acquiring of assets

   • Disposal of assets

   • Depreciation calculation

     
     

7. Trial Balance, Income Statement & Balance Sheet

   • Post from the general ledger to the trial balance

   • Compile and Income statement / statement of income

   • Compile a balance sheet / statement of financial position

     
     

8. Comprehensive Exercise

   • Detail discussion on how to account for transactions in an accounting system and to compile an income statement and balance sheet