Bookkeeping to trial balance: This course begins with a review of basic double-entry skills and knowledge. It than prepares the students on some of the fundamental topics in accounting such as:
- Differentiate accounting from bookkeeping
- Understand fundamental accounting concepts
- Understanding accounting equation
- Understanding of elements of financial position such as assets, liabilities and equity
Other important areas covered are the rules of accounting, the accounting and recording of non-current (fixed) assets, the use of control account and the correction of errors
The student will then be exposed on preparation of conventional yearend financial statements for sole traders and partnerships and companies to an extent by using the trial balance or extended trial balance as their starting point.
Under this course, the student will be exposed to computerised bookkeeping (i.e. Pastel)