Learn and Master the Accounting ( Bookkepping) Process.
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Understand that accounting is the language of business.
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Know business terminology (biz speak).
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Understand the difference between a corporation and a single proprietorship.
Understand an Income Statement and how to prepare one.
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Understand a Balance Sheet and how to prepare one.
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Know how to analyse and record business transactions
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Learn how to use debits and credits to record business transactions.
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Know how to use the accounting journal and ledger,
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Complete a set of accounting records for a service business using excel spreadsheets.
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Complete a set of accounting records for a merchandise company using excel spreadsheets.
This course is unique in that it contains a number of excel projects on using a set of accounting records first for a service company and then a merchandise company.
Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive.
The primary purpose of bookkeeping is to record the financial effects of transactions. An important difference between a manual and an electronic accounting system is the former’s latency between the recording of a financial transaction and its posting in the relevant account.
