Bookkeeping (Evening Class)
November 01, 2021 17:30
November 24, 2021 20:30
Price excluding Tablet will be N$6 200.00
Note: Including a Tablet the price will be N$8 200.00
- Participants will be able to draw up financial statements of a trading business.
- Enable participants read, understand and correctly interpret financial information needed for their decision-making.
- Enable participants appreciate the role financial reports in accountability
Who should attend?
Business owners, general managers, departmental managers, accountants who have received no formal training and all those seeking to acquire skills in Book keeping and financial management.
Nature and purpose of accounting
- Users of accounting information
- Accounting and the non-accountant
Accounting equation & Balance sheet
- The nature of a business: assets and liabilities
- The balance sheet
- The accounting equation
Ledger accounts and double entry
- Double entry and bookkeeping
- Double entry for Assets, capital, Liabilities, expenses and income
- Balancing off accounts
- Extraction of trial balance
Recording accounting transactions
- Source documents
- Books of original entry
- Sales day book
- Returns inward/outward day books
- General journal
- Recording and accounting for cash transactions – petty cash & cashbook
- Posting from books of prime entry to ledger accounts
Accounting for adjustments
- Accruals and prepayments
- Bad debts and provision for bad debts
- Manufacturing statement
- Income statement
- Balance sheet
- Cash flow statement
- Differences between statements of a company and sole trader.
Accounting concepts & principles
- This section deals with accounting concepts and principles used as a basis in the preparation of financial statements
- What is bank reconciliation?
- Why is bank reconciliation necessary?
- Preparation of bank reconciliation
Interpretation of financial statements
- Analysis of financial statements: the use of ratios, vertical and horizontal comparison,
- Working capital management- the cash operating cycle