Bookkeeping

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.

Competencies:

• Knowledge
  • Understand the complete bookkeeping cycle from preparation of 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 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