Certificate of Achievement
has completed the following course:
Introduction to Accounting and the Accounting System
Kaplan
This 1st course of 4 in the Complete Bookkeeping ExpertTrack gave a thorough introduction to accounting and its fundamental principles. It focused on recording transactions in double entry bookkeeping, ledger accounting, balancing off ledger accounts and preparing the trial balance.
4 weeks, 3 hours per week
Nasheen
Tutor
Kaplan
Transcript
Learning outcomes
- Compare the different types of organisations and how each type operates.
- Compare the different types of accounts a business will produce.
- Identify different documents, how they relate to various transactions and understand the information contained within.
- Discuss the theory behind and use double entry bookkeeping.
- Demonstrate double entry bookkeeping by applying it to practical examples.
- Calculate the profit or loss that a business might make in the year.
- Define common terms used in accounting including capital income, capital expense, revenue income and revenue expense.
Syllabus
- Identifying different types of business entity
- Fundamentals of accounting: introducing basic business documents
- The difference between capital and revenue income expenditure
- The different books of prime entry
- Recording transactions in ledger accounts
- Double-entry bookkeeping – from underlying concepts to application of the rules
- Financial reporting process
- Financial statements, balance sheet, and profit and loss accounts
Issued on 5th July 2022
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