Main Description:
Learn bookkeeping basics in this short, self-directed course.
This course can help you understand what is needed to manage your business accounts. It provides a good basic understanding of how to collect, prepare and record financial data so that you can make informed decisions about your business.
The purpose of a business is to make a profit. Ultimately, bookkeeping helps businesses keep track of their money to make and implement informed decisions in order to make a profit.
Course Structure:
LESSON 1 SCOPE & NATURE OF BOOKKEEPING
- Introduction
- What is bookkeeping?
- Why is record keeping important in bookkeeping?
- What are the books?
- Terminology and the bookkeeper’s world
- Financial information
- Hints and tips for making bookkeeping stress free from day one
- Case study: Sally’s hairdressing studio
- Review what you have been learning
LESSON 2 ACCOUNTING NORMS
- Accounting conventions and doctrines
- Accounting standards
- Case study: Nigel’s freelancing business
- Review what you have been learning
LESSON 3 THE BOOKKEEPING PROCESS
- Understanding the flow of information in bookkeeping
- How and when do you record transactions?
- Case study: Carlo’s chiropractic
- Review what you have been learning
LESSON 4 DOUBLE ENTRY BOOKKEEPING
- Ledgers
- Case study: Joe’s gardening services
- Review what you have been learning
LESSON 5 CHART OF ACCOUNTS – BALANCE AND INCOME STATEMENTS
- About the chart of accounts
- Case study: Rob the builder
- Review what you have been learning
LESSON 6 LEDGER ACCOUNTS -PROFIT AND LOSS STATEMENTS
- Ledger accounts and double entry bookkeeping
- Footing ledger accounts
- The trial balance
- Accounting for drawings
- Case study: Jimmy loses everything
- Review what you have been learning
LESSON 7 CASH RECEIPTS & PAYMENTS JOURNALS
- Journals
- Case study
- Review what you have been learning
LESSON 8 WHAT COMES NEXT?
- Review what you have been learning
- Final assessment
How Does a Warnborough Online Course Work?
You can start this short course at any time you like. Once you have enrolled, you can download the study guide to your PC, tablet or other device.
There are self-assessment tests at the end of each unit so you can check if you understood the lesson. You can attempt these as many times as you like, and the results will be displayed once you have completed. You must be connected to the Internet for these tests to work.
At the end of the course, you can attempt the final assessment. If you achieve at least 60%, you will be able to download a certificate of completion with your name on it. If you do not achieve a 60% pass rate, you can contact us to re-sit your exam.
If you have any questions, please contact us.
