Course Description

Our courses are designed to offer flexibility and convenience, catering to different learning preferences. Choose the option that best fits your schedule and learning style:

Course Options:

✔ Online (Flexible Learning) – $49

• Study at your own pace with flexible online access.
• Ideal for those who prefer self-paced learning.

✔ Face-to-Face (In-Person) – $99

• Attend a 1 Full Day session or 2 Evening Classes for interactive learning.
• Get hands-on experience and engage with instructors directly.

Includes:

🏆 “Award” – Certificate of Participation (Non-Accredited).

An understanding and the accurate application of accounting practices are hallmarks of a successful and financially progressive business. Accounting is a distinct discipline, with its own standards and language. Understanding accounting procedures requires a prerequisite knowledge of certain principles, concepts, terms, and common accounting records. This practical course gives you the why’s and how’s of accurately recorded accounting activities and the following capabilities will be looked at:

• Accounting principles and their applications
• Cash and accrual accounting system
• The purpose and nature of accounting information
• Source documents and their flow
• Steps in accounting cycle and activity
• Books of first entry and postings to ledger accounts
• Preparation of trial balance and basic financial reports
• Adjust the accounts on the balance day
• Depreciation and maintenance of fixed assets using different methods
• Recording of business transactions with VAT Implications
• Preparation of bank reconciliation

Learning Outcomes

At the end of this course the participants will be able to:

• Provide accurate, relevant, reliable and timely (ARRT) information to end users for decisions concerning the allocation of the scarce resources available
• Differentiate between the accrual and cash accounting System
• Understand the importance of source documents, books of first entry and the rules of debits and credits
• Prepare, post business transactions to appropriate journals and update to ledger accounts
• Construct a trial balance and prepare basic financial reports (Income Statement and Balance Sheet)
• Record balance day adjusting entries and post-closing entries
• Carry out bank reconciliation
• Calculate and record annual depreciation on fixed assets using several depreciation methods

Content:

• Accounting principles
• Cash vs accrual accounting system
• Source documents and their flow
• Steps in accounting cycle and activity
• Balance day adjustments
• Depreciation
• Recording business transactions
• Bank reconciliation