Every person should have a basic idea of how accounting works, as each and every business engages in business transactions that need to be written down. Accounting is merely the writing down of business transactions.
Imagine what this could do to your confidence, knowing how a transaction should be understood, or how it is meant to be expressed as a debit or credit.
PLEASE NOTE: This course does not focus on any specific IFRS Standards, but applies the same principles.
• What is accounting
• Elements of financial statements: Assets, liabilities, equity, etc.
• Exploring the double entry system
• What are debits and credits
• Accounting equation
• How do I account for / recognise a transactions
o Plus examples involving each element
• Cash and non-cash transactions to be recognised
• Recognition and measurement principles
• Accounting cycle
• Electronic accounting.
☒Bookkeepers
☒Financial accountants
☒First year SAICA Trainees
☒Second year SAICA trainees
