Bookkeeping Diploma

Module 1 - Introduction to Bookkeeping

The course begins with a fascinating introduction to the functions and objectives of bookkeeping.  Candidates are introduced to basic accountancy terminology, along with key accountancy concepts such as assets, liabilities, equity, revenues, expenses and inventory.  Several major accountancy documents are also presented and discussed.

Module 2 - Accounting Methods, Concepts and Standard

Module two brings some of the more important accountancy methods, concepts and standards (national and international) into discussion.  Examples of which include business entity concept, continuity concept, money measurement concept, cost concept and the concept of conservatism.  Generally Accepted Accounting Principles (GAAP) are also discussed.

Module 3 - Keeping Track of your Business

Candidates are then guided through the process of using key accountancy documents and processes to keep track of overall business performance.  Topics introduced include accounts payable, accounts receivable, the functions of journals and ledgers, subdivision of journals, cash books and the importance of effective cash management.

Module 4 - Understanding Balance Sheets

Module four guides candidates through the process of producing and adjusting balance sheets, while outlining the objectives of financial statements in general.  Guidelines for effective balance sheet analysis are also presented, along with the various different types of assets and liabilities, an introduction to working capital management and how to calculate net worth.

Module 5 - Financial Statements

Financial statements and working capital continue as the core focus in module four, which outlines the importance of effective working capital management.  Candidates learn how to determine working capital requirements, while considering the various internal and external sources of funds, preparation of cash flow statements and more.

Module 6 - Payroll Accounting Terminology

Module six takes a further look at the most important terminology in accountancy, payroll and bookkeeping.  Candidates learn the meaning of gross wages, net wages, salary deferrals, employee benefits, accrued leave, government payroll returns, employer tax expenses and more.

Module 7 - End of Period Procedures

Learners are then introduced to some of the more important end-of-period procedures and responsibilities in bookkeeping.  Examples of which include dealing with bad debt, working with the trial balance, posting necessary corrections and adjustments, reconciling investments, reconciling cash, depreciating assets and more.

Module 8 - Financial Planning, Budgeting and Control

In module eight, candidates consider the enormous value and importance of effective financial planning, strategic budgeting and intelligent cost control.  The functions and objectives of a budget are discussed at length, along with who takes responsibility for budgeting, guidelines for effective forecasting and an introduction to control ratios.

Module 9 - Auditing 

Concluding the course, module nine examines the ‘where’, ‘when’ and ‘why’ of auditing from a contemporary business perspective.  The functions and objectives of internal and external audits are discussed, along with a brief history of auditing and the potential benefits of conducting regular audits.

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