Financial Accounting Level I (Basic Bookkeeping)

by (BTT) Business And Technical Training College

This course will give you a thorough understanding and the skills required to become a Bookkeeper, focusing on the full accounting cycle (A = L + E) including recording transactions, debits and credits, analyzing transactions, journalizing, T-accounts, general ledger and sub ledgers

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(BTT) Business And Technical Training College Logo

img Duration

5 Weeks

Course Details

Program Overview:

This course will give you a thorough understanding and the skills required to become a Bookkeeper, focusing on the full accounting cycle (A = L + E) including recording transactions, debits and credits, analyzing transactions, journalizing, T-accounts, general ledger and sub ledgers, PAYROLL, bank reconciliation, Preparing Financial Statements (Trial Balance, Balance Sheet, Profit and Loss, Statement of Equity).

 

Program Content:

  • What is Accounting and the Accounting Cycle?

  • What is a Corporation

  • Which financial method is used: ASPE or FRSE

  • What is the Accounting Formula: Asset=Liability + Equity

  • What is Full Cycle Accounting

  • Debits / Credits (Normal Balances)

  • Create Chart of Accounts: Asset, Liability, Equity, Revenue and Expense

  • Learn to analyze and journalize transactions, Recognize a Payables and Receivables

  • Post to general ledger accounts

  • Adjusting entries

  • Prepare Trial Balance

  • Prepare financial statements such as P & L, Statement of Retained Earnings and Balance Sheet

  • North York Branch

    1280 Finch Ave West, Suite 411, North York, Toronto

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