Introduction to accounting for beginners and bookkeepers

Accounting principles and understanding elements of financial statements

What you'll learn
- Possess a comprehensive understanding of accounting principles, apply the conceptual framework and accurately interprete all financial statements
- Process accounting transactions through journals, general ledger, preparing a trial balance executing adjustments and close off procedures
- Prepare the balance sheet, income statement and statement of changes in equity
- Prepare a bank reconciliation statement, trade receivables adjustments, account for inventory and property, plant and equipment
- Understand treatment of current liabilities and non current liabilities

Requirements
- No accounting experience required

Description
This comprehensive course provides a structured introduction to the foundational principles of accounting. Learners will progress from the conceptual framework through to the final preparation of financial statements. Key topics include:

The basic principles of accounting principles, policies and financial statements

The conceptual framework

The accounting equation

The double entry system

Journals - cash receipts and payments journals, sales and sales returns journals, purchases and purchases returns journals and the general journal

General ledger preparation and subsidiary ledgers  (trade receivables and trade payables)

Adjusting entries - Prepaid and expenses, consumables, credit losses, accrued income and income received in advance

The period-end closing process

Different types of trial  balances

Financial statement construction- the statement of profit and loss, the statement of changes in equity and the statement of financial position

Accounting treatment and disclosure requirements of current assets with a seperate focus on bank, inventory and trade receivables

Accounting treatment and disclosure requirements of Property Plant and Equipment

Accounting treatment and disclosure requirements for current liabilities with a focus on trade payables and trade payables reconciliations

Accounting treatment and disclosure requirements for  non-current liabilities

Bank reconciliations preparation

Through relatable examples and hands-on activities, students will build confidence in recording, analyzing, and presenting financial information—skills that form the foundation of any accounting career.

Who this course is for:
- Accounting beginners
- First year accounting students
- Bookkeepers
- Professionals intrested in accounting basics
More Info