Basic Book Keeping

Course Objectives

Research has consistently demonstrated that when clear goals are associated with learning, the learning occurs more easily and rapidly. With this in mind, let us review our goals for this course.

By the end of this training, participants will 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.

Table of Contents

Module One: Introduction.

Module Two: Basic Terminology (I)

Module Three: Basic Terminology (II)

Module Four: Accounting Methods.

Module Five: Keeping Track of Your Business.

Module Six: Understanding the Balance Sheet

Module Seven: Other Financial Statements.

Module Eight: Payroll Accounting / Terminology.

Module Nine: End of Period Procedures.

Module Ten: Financial Planning, Budgeting and Control

Module Eleven: Auditing.

Module Twelve: Wrapping Up.