Knowledge-Mart

Overview
Bookkeeping is the recording of all financial transactions, i.e. records of what is bought, sold, owed, and owned; what money comes in, what goes out, and what is left. This course of basic bookkeeping is addressed to business owners, managers, and individuals who have not had any formal bookkeeping training or on the job experience and need or want to learn the basics of bookkeeping either performed manually (using paper and a pen) or using computer software.
Level: Introductory
Who should take this course?:
No bookkeeping experienced needed
Languages Offered In:
English, Russian
Items/Topics which we will be covering during the session:
What is bookkeeping? Income (or Revenue) and Expenses Assets, Liabilities and Owner Equity Fundamental Accounting Equation Accounting recording process: Business transactions; T-Account (The Ledger); Double Entry Accounting System. Financial Statements: Income Statement (P&L); Balance Sheet; General Journal; Trial Balance. Types of Business Entities (Sole proprietor, Corporation, Partnership, LLC, and Non-Profit Organization); Accounting for Service Merchandising, and Manufacturing Companies. Cash System: Checking account; Endorsing Checks; Making Deposit; Bank Statement; Bank reconciliation.
Pre-Requisites for this Course:
None
References:
Online presentation of basic bookkeeping www.vpagconsulting.com/accounting
Other Details:
Upon completing this course students will have to understand bookkeeping/accounting principles and become competent to take course of Computerized Accounting as a next step.