This course will help you build a strong bookkeeping foundation and learn the best practices of bookkeeping. Our guide to bookkeeping concepts captures the most important concepts associated with bookkeeping.
Master the Fundamentals of Professional Bookkeeping, Learn from industry experts!
Bookkeeping is essential for the success of any business. It is a crucial feature of any business’s accounting department with bookkeepers often considered indispensable to a business’s productivity and profitability.
This course will help you build a strong bookkeeping foundation and learn the best practices of bookkeeping. Our guide to bookkeeping concepts captures the most important concepts associated with bookkeeping. Whether you are just learning or want to refresh your skills, this course will be a great assist on your bookkeeping journey.
What is Bookkeeping?
Bookkeeping is about collecting information, recording events, and organizing those records to make better decisions. Bookkeeping is the recording of financial transactions and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments made by an individual or organization/corporation.
Who Can Benefit from the Course?
Are you a student struggling to understand the bookkeeping concepts?
Do you want to learn bookkeeping to get a Job?
Do you want to learn bookkeeping to manage your small business finances?
Launch your own start-up
Then this course is for you! This is the first course that will give you the skills needed to start your career in bookkeeping.
By completing this training, you will become employable in bookkeeping companies as well as in the industry. You can also start your own bookkeeping business.
Course Overview
In this course, you will acquire the knowledge and understanding to grasp double-entry bookkeeping including an introduction to common business transactions. Introduction to bookkeeping course is designed to arm you with the fundamentals you need to grasp the basic concepts underpinning accounting. You don’t need any prior knowledge of the subject – simply sign up and start learning.
You will be introduced to the role of a bookkeeper and learn what bookkeeping professionals do every day. You will dive into the accounting concepts and terms that will provide the foundation for launching your bookkeeping career. You will learn how to work your way through the accounting cycle and be able to read and produce key financial statements.
By the end of this course, you will be able to:
Define bookkeeping and understand the concepts of bookkeeping
Explain the role of a bookkeeper and perform professional bookkeeping tasks and responsibilities
Summarize the double-entry accounting method
Explain the ethical and social responsibilities of bookkeepers in ensuring the integrity of financial information.
Note
No previous bookkeeping or accounting experience is required.
Knowledge and Skills You Will Gain
Basis Of Bookkeeping
Comprehend Accounting Cycle
Creating Financial Statements
Double-Entry Bookkeeping System
Types of business transactions and documentation
Learning the Duality of transactions
Banking process and transactions
Ledger accounts
Sales and purchases credit transactions
Reconciliations
The trial balances
Managing payroll
Accounts payable and accounts receivable
Learning hard skills like analytics
Technology skills
Functional accounting and finance skills
Leadership or management training
Soft skills like writing negotiation and presentation
Prepare individual income tax returns in compliance with relevant legislation and regulations using tax preparation software.
Develop a plan to support the management needs of the bookkeeping function, including planning, forecasting, budgeting, cost, and revenue management.
Use spreadsheet and database programs, such as excel and access, to create and produce reports for business analysis identification of trends and decision-making.
Ease of transition into the workplace with hands-on training in QuickBooks
Benefits of Learning Bookkeeping:
Learning professional bookkeeping will help you to develop specialized and transferable skills that can be used to improve your accounting career prospects. The course provides an essential learning experience for the candidates to perform the basic bookkeeping tasks effectively and efficiently.
It provides a launching platform to the candidates for a bright career in financial accounting and bookkeeping.
What Will This Qualification Lead To?
The course gives fresh graduates and inexperienced professionals a career boost and enhances their bookkeeping skills. The course helps the candidates to prove to employers that they can provide bookkeeping duties professionally.
The skills developed in the course can lead to employment as:
a professional bookkeeper
a senior bookkeeper
an accounts manager
a ledger manager.
Is Bookkeeping Right for You?
If you wonder if this is actually the career for you, answer the following questions:
Do you like numbers?
Do you enjoy research?
Can you ask the right questions?
Do you like learning?
Are you a good communicator?
If you answered yes, then bookkeeping could be the perfect job for you.
Salman Rundhawa immigrated to Canada in 2011. Upon arrival in Canada, he started his MBA and choose accounting as specialization. He started his career with hydro one and then moved in accounting and taxation by joining Diamond Tree Accounting in Barrie.
Since then he has been a dedicated student of accounting and taxation. In a short span of time, Salman has risen from the post of a junior accountant to an assistant manager because of his professionalism and work ethic.
Salman has experience in working with small as well as big 04 public accounting firms. This gives him unique perspective in the working of public accounting firms and he understands the skill set that public accounting firms are looking for.
Salman has experience in corporate (T2) and personal (T1) income taxes, cross-border taxation, preparation & analysis of financial statements, Year End adjusting entries, Accounts Payables, Accounts Receivable, Bank Reconciliation, Payroll Management, Budgets and Internal Control.
Salman has excellent skills in Caseware, Caseview, Cantax, Taxprep, U-File, QuickBooks, Business Vision, SAP & ERP.
Salman has a strong desire to help others succeed and believe in passing on the knowledge. He likes to mentor others and wish to play part in other people success.
His favorite hobby is networking with people. He enjoys outdoors a lot and is always up for hiking, swimming and walk on the beach. He wants to learn skating and rock climbing.
If you want to network with Salman Rundhawa please feel free to connect with him on Linked In.
In this field, the individual will mainly be focused on working with single and double entry systems on paper, or with a computerized system. Bookkeepers will find themselves working with things like daybooks, petty cash, ledgers and journals.
Learn how to effectively prepare budgets, perform cost-volume-profit analysis, apply incremental analysis decision-making to your operations, and gain an understanding of the role of a financial controller in small-to-medium sized businesses.
Bookkeeping course is offered by Megacity Management & Accounting Systems Inc. Megacity Management & Accounting Systems Inc. offers training in business skills workshops and attends regular tax practitioners' seminars with Canada Revenue Agency officials.
Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers.
Future Connect Training courses are designed and delivered so you end up with real-world knowledge and skills. We will bridge the gap between theory and practice. This is a unique combination and will get you into your desired accounting job.
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