Basic Bookkeeping Skills Coursework

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Basic Bookkeeping Skills Certification

Course Duration: 12 hours - Requisition: 28 days

Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Numbers connect us all to each other in many more ways than we might imagine. Essentially, our world revolves around numbers.

Some of us enjoy dealing with numbers while others may have a fear of them, or even a phobia. For those of you who have already recognized and appreciate the impact that numbers actually have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping!

Career Pathway 

  • Family Business Owner
  • Consultant & Business Advisor
  • Focus Group Analyst
  • Franchise Owner
  • Small Business Owner
  • Solutions Manager
  • Strategic Development Officer
  • Venture Capitalist
  • Manager 
  • Manufacturer Executive

Assessment

  • Case Study
  • Multiple choice questions quiz

Benefits

  • Gain quality workplace skills and experience to help launch your career.
  • Develop work-related skills and experiences that are recognized by employers. 
  • Develop independence and confidence in an adult learning environment. 
  • Gain an insight into various industry areas to help you decide on a career pathway. 
  • Potentially gain recognition for prior learning for your previous study or work.
  • High-quality course written by industry experts with easy to understand course content
  • Course materials provided online with unlimited tutor support – no textbooks to buy
  • Gain an Australian Certificate upon your successful completion of coursework (Certificate hard copy will be posted to you)
  • Course may be tax deductible - see your tax advisor

Coursework Objectives:

  • Understand basic accounting terminology.
  • Identify the differences between the cash and accrual accounting methods.
  • Keep track of your business by becoming familiar with accounts payable and accounts receivable.
  • Use a journal and general ledger to document business financials.
  • Utilize the balance sheet.
  • Identify different types of financial statements.
  • Uncover the reasons for and actually create a budget.
  • Be familiar with internal and external auditing.

Course Contents

Business/ Personal Development

Module One: Introduction

Coursework Objectives

Module Two: Basic Terminology (I)

Balance Sheet

Assets

Liabilities

Equity

Income Statement

Revenue

Cost of Goods Sold

Expenses

Accounting Period

Case Study

Module Two: Review

Module Three: Basic Terminology (II)

Accounts Receivable

Accounts Payable

Depreciation

General Ledger

Interest

Inventory

Journals

Payroll

Trial Balance

Case Study

Module Three: Review

Module Four: Accounting Methods

Cash Method

Accrual Method

Differences between Cash and Accrual

Case Study

Module Four: Review Questions

Module Five: Keeping Track of Your Business

Accounts Payable

Accounts Receivable

The Journal

The General Ledger

Cash Management

Case Study

Module Five: Review Questions

Module Six: Understanding the Balance Sheet

The Accounting Equation

Double-Entry Accounting

Types of Assets

Types of Liabilities

Equity

Case Study

Module Six: Review Questions

Module Seven: Other Financial Statements

Income Statement

Cash Flow Statement

Capital Statement

Budget vs. Actual

Case Study

Module Seven: Review Questions

Module Eight: Payroll Accounting / Terminology

Gross Wages

Net Wages

Employee Tax Withholding’s

Employer Tax Expenses

Salary Deferrals

Employee Payroll

Employee Benefits

Tracking Accrued Leave

Government Payroll Returns/Reports

Case Study

Module Eight: Review

Module Nine: End of Period Procedures

Depreciating Your Assets

Reconciling Cash

Reconciling Investments

Working with the Trial Balance

Bad Debt

Posting Adjustments and Corrections

Case Study

Module Nine: Review Questions

Module Ten: Financial Planning, Budgeting and Control 

Reasons for Budgeting

Creating a Budget

Comparing Budget to Actual Expenses

Case Study

Module Ten: Review Questions

Module Eleven: Auditing

What is an Audit?

When and Why Would You Audit?

Internal

External

Case Study

Module Eleven: Review Questions

Module Twelve: Wrapping Up

Words from the Wise

Course curriculum

  • 1
    Module 01
    • Basic Bookkeeping Introduction
  • 2
    Module 02
    • Basic Bookkeeping Basic Terminology (I)
    • Basic Bookkeeping Skills Case Study Module 02
  • 3
    Module 03
    • Basic Bookkeeping Basic Terminology (II)
    • Basic Bookkeeping Skills Case Study Module 03
  • 4
    Module 04
    • Basic Bookkeeping Accounting Methods
    • Basic Bookkeeping Skills Case Study Module 04
    • Basic Bookkeeping Skills Module 04 Quiz
  • 5
    Module 05
    • Basic Bookkeeping Keeping Track of Your Business
    • Basic Bookkeeping Skills Case Study Module 05
    • Basic Bookkeeping Skills Module 05 Quiz
  • 6
    Module 06
    • Basic Bookkeeping Understanding the Balance Sheet
    • Basic Bookkeeping Skills Case Study Module 06
    • Basic Bookkeeping Skills Module 06 Quiz
  • 7
    Module 07
    • Basic Bookkeeping Skills Other Financial Statements
    • Basic Bookkeeping Skills Case Study Module 07
    • Basic Bookkeeping Skills Module 07 Quiz
  • 8
    Module 08
    • Basic Bookkeeping Payroll Accounting / Terminology
    • Basic Bookkeeping Skills Case Study Module 08
  • 9
    Module 09
    • Basic Bookkeeping End of Period Procedures
    • Basic Bookkeeping Skills Case Study Module 09
    • Basic Bookkeeping Skills Module 09 Quiz
  • 10
    Module 10
    • Basic Bookkeeping Financial Planning, Budgeting and Control
    • Basic Bookkeeping Skills Case Study Module 10
    • Basic Bookkeeping Skills Module 10 Quiz
  • 11
    Module 11
    • Basic Bookkeeping Auditing
    • Basic Bookkeeping Skills Case Study Module 11
    • Basic Bookkeeping Skills Module 11 Quiz
  • 12
    Module 12
    • Basic Bookkeeping Wrapping Up
  • 13
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    • Rate Basic Bookkeeping Course

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