Many smaller businesses exist where job roles are not so specific and some financial maintenance may have to be done by front line staff and therefore essential that part of your training includes basic bookkeeping processes.
To be able to maintain financial records, you will need to gain an understanding of the terminology used in bookkeeping, as well as the processes used to enter different transactions.
Components in this Module
1 - Introduction
- Extended Bookkeeping Cycle
2 - What is Accounting?
- What is Accounting?
- Users of Accounting Information
- Who Performs the Accounting within a Business?
- Accounting Concepts and Principles
- Accounting Concepts and Principles Continued
3 - Accounting Processes
- Forms of Accounting
- Checkpoint 1
- Methods of Accounting
- Paper-Based Accounting
- Computerised Accounting
- The Accounting Equation
- Extended Accounting Equation
- General Ledger
- Processing Transactions Using the Accounting Equation
- Checkpoint 2
- The Accounting System
- Processing Journal Entries
- Subsidiary Ledgers
- Journals Challenge
- Accounts Payable
- Accounts Receivable
- Collecting Debts
- Checkpoint 3
4 - Types of Source Documents
- Types of Source Documents
- Types of Banking Documents
- Document Definitions Challenge
5 - Types of Transactions
- Types of Transactions
- Receipt of Funds
- Bad Debts Allowance
6 - Preparing for and Posting Transactions
- Preparing to Enter Transactions
- Entering Transactions
- Filing of Entered Transactions
- How to File
- Checkpoint 4
7 - Reconciling Transactions
- Types of Reconciliation
- What if I Cannot Reconcile the Account?
- Find the Discrepancies Challenge
8 - Financial Reporting
- Types of Financial Reports
- Damage Control: Outstanding Accounts
- Damage Control: COGS
- Business Activity Statement
- Generating Reports and Checking for Accuracy
- How to Prepare Financial Reports Using a Computerised System
- Distributing Reports
- Checkpoint 5
No previous knowledge or experience is required.
The online courses are made up of a number of learning modules. Each module has an estimated time to complete them (click on the ‘i’ next to the module to get the time).
The time to complete a module can vary based on your existing knowledge of the material.
No need to finish the course in one session. You can log in and out as many times as you like, until the course end date. The course end date is shown when entering the training. The system remembers what you have completed and you can continue on from where you left off.
How does it work?
Once we receive confirmation of your payment (which could take up to 24 hours), you will receive an email with your login details. Go to the login page which will be emailed to you. Enter your details then click on the name of the course when you are ready to start.
How do I pay?
Pay with mastercard or visa through our secure PayPal internet payment facility. You can also select to ‘Generate an Invoice’ or ‘Make An Enquiry’ and we will get back to you with a group pricing as a quote or submission for you to respond to.
Who should do this course?
These courses are for anyone who wants to learn more or wants to extend their resume by becoming more knowledgable in their company.
How will I be assessed?
Each module is broken into sections with checkpoints, interactive challenges and quiz questions throughout. You are required to go through each section and answer every question correctly to be deemed competent. If you answer any questions incorrectly, you will be given feedback on which question you answered incorrectly. You can then correct your response and continue.
Will I receive a certificate?
These are non accredited corporate-based short courses and if successful you will receive a Certificate of Completion.
Steps to proceed with enrolling in a Course
Step 1 – Select a Course(s) by adding it to the Shopping Cart.
Step 2 – Pay for the course (using Paypal).
Step 3 – Once we have received the payment we will send you an email confirming your order.
Step 4 – This email will have instructions for connecting to the course, your login ID and password.
Step 5 – Complete the online course.
Step 6 – Once the course has been successfully completed, you will have access to your certificate.