Course description

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 online 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 a transaction 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.
Course Outcomes
At the end of the course, participants will:

Be able to define income, expenditure, asset, liability and capital
Have an understanding of the structure and role of the accounting and the financial reporting function
Understand the process of recording transactions – ledger accounts, debits and credits and be able to prepare ledger accounts, adjustments and closing balances
Understand the difference between balance sheet and income and expenditure accounts
Have an appreciation of the bookkeeping system in an IT framework
Be able to prepare a trial balance

Course Content
The course will cover the following areas:

Framework of Accounting
Definitions – Income, expenditure, capital, assets and liability
Ledger accounts
Double Entry Bookkeeping
Trial Balance
Accrual Framework
Bookkeeping in an IT Framework

This course has been modified for online delivery. It is an online course that will be delivered over two sessions (am and pm) over one day. It will be remotely delivered through MS Teams and facilitated by subject matter experts.

Scheduled course dates* include: