Basic Bookkeeping

Basic Bookkeeping

Basic Bookkeeping

  Duration:1 day course
  Effort:3 - 5 hours
  Category:Finance
  Level:All Levels
  Language:English
  Institution:iEdge Consulting Ltd
  Price:US$150 Special Offer US$79

Enroll Now




Description

Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers. Some of us enjoy dealing with numbers while others may have a fear of them or even a phobia. For those of you who have already recognized and appreciate the impact that numbers actually have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!

Designed for

  • Anyone who wants to understand the world of Book Keeping.
  • Designed for all levels of staff who want to get to know how financials, finance terms and and the role of all the finance charters and how they work.

Learning Objectives

By the end of this workshop, you should be able to:

  Understand basic accounting terminology.

  Identify the differences between the cash and accrual accounting methods.

  Keep track of your business by becoming familiar with accounts payable and accounts receivable.

  Use a journal and general ledger to document business financials.

  Utilize the balance sheet.

  Identify different types of financial statements.

  Uncover the reasons for and actually create a budget.

  Be familiar with internal and external auditing.

Getting Started

Just to make sure the experience is as smooth as possible we’d like to suggest a couple of things you may or will need to get on with the course:

  • While we are happy for anyone to enrol in the course, we suggest that you should be at least managing/leading a team (big or small) or preparing for a role that requires your leadership skills
  • Internet connection is a big must
  • Readiness to learn, remember this is about you and so you need to be ready to take time to yourself and motivate yourself
  • Maybe something to write some notes down or ideas, but don’t worry the course documents can be downloaded at the end of the course for you to review and use at any time
      Have fun!

The Journey

What’s in it for me: Learn about balance sheets, assets, liabilities, equity, income statement, revenue, cost of goods sold, expenses, and accounting period.

  Case Study: 1              Review Questions:1           


What’s in it for me: Learn about accounts receivable, accounts payable, depreciation, general ledger, interest, inventory, journals, Payroll, and trial balance.

  Case Study: 1              Review Questions:1           


What’s in it for me: Learn about cash method, accrual method and the differences between cash and accrual.

  Case Study: 1              Review Questions:1           


What’s in it for me: Learn about accounts payable, accounts receivable, the journal, the general ledger, and cash management.

  Case Study: 1              Review Questions:1           


What’s in it for me:  Learn how to read a balance sheet, the accounting equation, double-entry accounting, types of assets, types of liabilities, and equity.

  Case Study: 1              Review Questions:1           


What’s in it for me: Income statement, cash flow statement, capital statement, and budget vs. actual.

  Case Study: 1              Review Questions:1           


What’s in it for me:  Learn about gross wages, net wages, employee tax withholding, employer tax expense, salary deferrals, employee payroll, employee benefits, tracking accrued leave, and government payroll returns/reports.

  Case Study: 1              Review Questions:1           


What’s in it for me: Depreciating your asset, reconciling cash, reconciling investments, working with the trial balance, bad debt, posting adjustments and corrections.

  Case Study: 1              Review Questions:1           


What’s in it for me:  Reasons for budgeting, creating a budget, and comparing budget to actual expenses.

  Case Study: 1              Review Questions:1           


What’s in it for me:  What is an audit? When and why would you audit? Internal and external audit.

  Case Study: 1              Review Questions:1           


What’s in it for me: You’ve done it, well done! But don’t stop here. Let’s summarise all you have learnt and remember knowledge is no good kept in a cupboard. Implement what you have learnt, try the tools and see the outcome until you find a combination that works for you! Congratulations we know you got what it takes to make a great leader!

  Case Study: 1              Review Questions:1           



Other courses in Finance

Last modified: Thursday, 26 July 2018, 10:31 AM