Basic
Accounting
This course comprises four stand alone yet linked modules.
Each module is presented in a day and provides its own
outcomes. Participants may choose to attend any of the
modules relevant to their own learning requirements.
Previous accounting knowledge or experience is not
a prerequisite for Modules 1 and 4. It is recommended
that participants complete Module 1 prior to attempting
Modules 2 and 3.
Who should attend?
Entrepreneurs, line managers, divisional heads, accounts
clerks, bookkeepers and anyone with an interest in accounting
and finance or who deals with auditors.
Duration
One day per module
Outcomes
Participants will:
Module 1: Mastering the principles
 Understand
the purpose of accounting (communicate not confuse)
Understand
the accounting process and the accounting equation
Understand
debits and credits
Prepare
the trial balance
Understand
the balance sheet and income statement
Prepare
the general ledger and general journal
Module 2: Recording and presenting financial
data
Prepare
the cashbook, bank reconciliation, and petty cash
journals
Prepare
sales and purchases journals and reconciliations of
debtors and creditors
Perform
daily and monthly routines
Account
for year-end adjustments
Extract
a trial balance and draft a balance sheet and income
statement
Module 3: Non-routine transactions and audit
preparation
Account for non-routine transactions:
- Leases
- Depreciation
- Acquisition and disposal of assets
- Bad and doubtful debts
- Provisions and accruals
Understand
year end procedures for:
- Income Tax and Value Added Tax
- Fixed assets register
- Other year end entries
Learn
how to prepare for an audit and discover tips for
saving on audit costs
Module 4: Financial tools for effective management
Understand
financial terminology and concepts
Understand
cash flow and working capital management
Learn
how to calculate and use financial ratios for management
decisions
Prepare
budgets and cash flow forecasts
Understand
the nature of costs and decision making using the
behaviour of costs
Evaluate
the impact of costs on the bottom line
Gain
an understanding of some of the more difficult financial
decisions facing managers
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