Accounting Fundamentals

A robust system of recording transactions is the means by which we can ensure that all financial data is captured and that the final accounts can be relied upon and fully reflect all that has happened in any organisation. Double entry bookkeeping is a widely used system of recording transactions and provides the basis for many IT based accounting systems.

This Accounting Fundamentals course is designed for those who need a working knowledge of the principles of this system. The course will examine in detail the whole bookkeeping process from the beginning of an organisation through to the preparation of a trial balance and will consider journals and corrections. It will also consider how the bookkeeping process sits within an accrual accounting or cash reporting framework.

Topics

• Framework of Accounting
• Definitions – Income, expenditure, capital, assets and liability
• Ledger accounts
• Double Entry Book-keeping
• Trial Balance
• Accrual framework
• Book-keeping in an IT framework

This is a one-day online course that will be delivered over two sessions (10:00am – 12:30pm and 1:30pm to 3:30pm). It will be remotely delivered through MS Teams and facilitated by subject matter experts.

Scheduled Dates* include:

• 13 March 2024
• 23 April 2024
• 10 September 2024
• 15 October 2024