This course is aimed at attendees who have no or very limited accounting knowledge / background, bookkeepers who want to strengthen their understanding of the double entry-system (i.e. debits and credits), high school learners who are new to / uncomfortable with the Accounting school subject , those who are looking to pursue a career in accounting and want a crash-course on the underlying principles.
This session contains a mix of theory and practical accounting entries that help to illustrate the principles.
This is a very basic course, not on university accounting degree level.
PLEASE NOTE: This course does not focus on any specific IFRS standards but applies the same principles.
The objective of this course is to:
1. Help you understand where accounting fits in, in the finance process
2. Looking at how accounting transactions work
3. Adding some rationale to the bookkeeping you are already doing
4. Teaching you the theory behind what the accounting software packages are doing
The following elements will be addressed during the session.
• What is accounting?
• Elements of financial statements: assets, liabilities etc.
• Exploring the double entry system
• What are debits and credits?
• Accounting equation
• How do I account / recognise a transactions plus examples involving each element?
• Cash and non-cash transactions to be recognized?
• Recognition and measurement principles
• Accounting cycle?
• Electronic accounting?
• Qualitative characteristics of financial reports?
The following individuals will benefit from attending this course:
• New accountants
• Future accounting students
• Those seeking employment as an accountant / bookkeeper
• High school students who are struggling to make sense of accounting
• Bookkeepers who are interested in the underlying theory
