In bookkeeping, you will learn the basics of how to provide information concerning the financial affairs of a business using manual bookkeeping. The module will cover assets, liabilities, and capital; credits and debits; posting transactions; depreciation; journals and ledgers; inventory; and creating reports.

Method of Evaluation

• Practical Exercises: 10%

• Participation 10%

• Mid-Term Exam: 40%

• Final Exam: 40% (minimum 65% = pass)

Competencies

Knowledge

• Understand the complete bookkeeping cycle, from preparation of the general journal to
  periodical closing procedures

• Know about special journals, ledgers and worksheets

• Understand the reason for period-end adjustments

• Working knowledge, different taxes and tax procedures

Skills

• Able to manually record financial activities of a business in a General Journal and
  Ledger

• Able to manually prepare common financial statements such as income statement and balance sheets.
  sheet

• Able to perform summarizing and reporting via a worksheet

• Able to calculate gross and net pay and total after deductions

• Able to adjust the value of fixed assets after deducting depreciation expense