This course equips bookkeepers with a practical, working understanding of the Balance Sheet—what it shows, how it is built from day-to-day bookkeeping, and how to keep it accurate through correct postings, reconciliations, and month-end adjustments. Learners will understand assets, liabilities, and equity, how the accounting equation drives the Balance Sheet, and how to present and review balances in a way that supports reliable reporting and South African compliance. The course includes realistic examples, common error corrections, and a step-by-step approach to preparing a complete Balance Sheet with supporting schedules.
Module 1 – Introduction and Basic Concepts
o Key Features of a Balance Sheet
o Importance of the Balance Sheet
o Users of Balance Sheet Information
o The Accounting Equation
o Legal and Regulatory Framework in South Africa
Module 2 – Understanding Assets
Module 3 – Understanding Liabilities
Module 4 – Understanding Equity
Module 5 – Balance Sheet Formats and Presentation
Module 6 – Analysing the Balance Sheet
Module 7 – Common Balance Sheet errors and adjustments
Module 8 – Preparing a Complete Balance Sheet
