Bookkeeping

by Working Skills Centre (WSC) Claim Listing

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 and inventory

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img Duration

42 Hours

Course Details

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
  • Toronto Branch

    55 Eglinton Avenue East Suite #703, Toronto

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