Accounting Fundamentals Level 1 Course Outline

  • Course Description/Length/Prerequisites

The course is designed to take the student through the bookkeeping cycle for a
company up to the preparation of a trial balance. Manual Bookkeeping concepts
are introduced throughout the course.

A realistic case study helps students learn the reality of maintaining a full set of
books and performing the common tasks associated with keeping financial
records.

  • Learning Objectives/Outcomes

Upon completion of this hands-on course, students will be able to:

  • Understand the bookkeeping cycle.
  • Identify a transaction.
  • Journalize transactions
  • Use ledgers
  • Prepare a trial balance
  • Course Details

Debits & Credits

Definition of bookkeeping

The importance of bookkeeping

When is bookkeeping done?

The beginning point – a financial transaction

Types of bookkeeping accounts

The chart of accounts

Double-entry bookkeeping

Debits and credits

The Bookkeeping Process

The bookkeeping process: three steps

The bookkeeping account

Rules of debits and credits

The T-account: a simplified concept

Using the T-account to accumulate entries

Recording Transactions

What are the source documents used?

The journals: a substitute for the T-account

The general journal

Special journals: grouping similar transactions

What are the principle special journals?

Linking source documents to journals

Handling petty cash

Posting to the Ledgers

What is the general ledger?

Posting from the journals to the general ledger

What are subsidiary ledgers?

Posting from the journals to the subsidiary ledgers

Linking the subsidiary ledger to the general ledger

What is the trial balance?

Balancing the trial balance

Reconciling the bank statement to the general

Accounting Fundamentals Level 2 Course Outline

  • Course Description/Length/Prerequisites

The course is designed to take the student through the preparation of year-end entries by use of a work sheet and the preparation of financial statements for a company and have an understanding of the bookkeeping concepts introduced throughout the course.

A realistic case study helps students learn the reality of maintaining a full set of books and performing the common tasks associated with keeping financial records.

  • Learning Objectives/Outcomes

Upon completion of this hands-on course, students will be able to:

  • Understand Year-end activities
  • Create closing entries and financial statements
  • Work with a bookkeeping worksheet
  • Course Details

The Worksheet

The nature of adjusting entries

How are adjusting entries recorded?

The worksheet

Financial Statements

Preparation of the financial statements

Closing entries

    1. Number of Trainees: 3 person
    2. Training Frequency: 60 hours in total, 3 hours at one time, twice a week, schedule on every Tuesday and Thursday.
    3. Training Duration: Mar 28, 2016 – Jun 03, 2016
    4. Delivery Method: Onsite training (send trainers to participants’ workplace)
    5. Tuition Cost: $180/hr (Total tuition $10,800)