Bookkeeping
ABOUT THE SHORT LEARNING PROGRAMMES
This practical short learning programme enables students to function effectively in an accounting environment by equipping them with the necessary skills to keep and maintain set of books from source documentation and books of prime entry to trial balance. No prior accounting knowledge is required since the programme covers the basic accounting concepts and then gradually introduces students to the more advanced concepts.
WHO SHOULD ENROL FOR THE PROGRAMME
- Students who wish to acquire bookkeeping skills, which include maintaining sets of accounts up to trial balance
- Small business owners and managers who wish to eep their own books
- Individuals who wish to enter the field of bookkeeping as a new career or those wanting to formalize their accounting knowledge
CERTIFICATION
The Bookkeeping Certificate is a short learning progarmme (SLP) that is certified by The Independent Institute of Education and endorsed by the Chartered Institute of Business Management (CIBM).
SHORT LEARNING PROGRAMMES
All programmes that are available through College Campus’s School of Business and Technology are short learning programmes (SLP’s) that have been specifically designed for working adults. These SLP’s differ from the full qualifications that are also available through College Campus and which are registered on the National Qualifications Framework. Before you register you must ensure that the programme that you select best suits your individual learning and workplace objectives.
PROGRAMME OUTLINE
Introduction and Terminology
- Terminology
- The accounting equation
- Introduction to the concept of a Statement of Comprehensive Income and Statement of Financial Position
- The double entry system of accounting
The Accounting Process
- Source documents (invoices, cheques etc)
- Types of financial transactions: cash and credit
- Recording of financial transactions in subsidiary journals (cash receipts, cash payments, debtors and sales journals, creditors and purchases journals)
- Preparation of the trial balance at moth-end from the general ledger, differentiating between Statement of Financial Position items (assets, liabilities, owners equity) and Statement of Comprehensive Income (income, expenses)
- Closing off the subsidiary journals at month-end and posting to the general ledger
Other Relevant Transactions
- Debtors and creditors
- Recording of transactions in individual debtors and creditors accounts
- The maintaining and recording of individual debtors and creditors ledger accounts
- Reconciliation of the sum total of the individual debtors and creditors balances with the debtors and creditors control accounts at month-end
General Journal Items
- Correction of errors to ensure accurate and proper reporting
- Accruals (accrued expenses and income) stock (inventory), recording and control
- Different methods of recording stock: periodic and continuous/perpetual
VAT (Value Added Tax)
- The determination and recording of VAT (output and input)
The Bank Reconciliation
- The reconciliation of the general ledger bank account balance with the back statement balance, and the reason for the occurrence of resulting items for reconciliation.
- Cheques issued through the cash payment journal, but not yet presented for payment at the bank
- Cheques received and entered in the cash receipts journal, but not yet presented for payment at the bank
- Items appearing in the bank statement not yet recorded in the cash journals e.g. bank charges, interest paid, interest income etc.
DURATION AND COMMENCEMENT DATES OF PROGRAMMES
Classes are held on Saturday mornings over 12 weeks. Next programme start: Please see programme start dates.
PROGRAMME MATERIAL
The programme fee includes all programme material which becomes the property of the student. This material constitutes a valuable source of on-going reference.
PROGRAMME EVALUATION
The programme assessment includes a group assignment, test and formal written examination at the end of the programme. Should a student fail to achieve the required mark, he/she may repeat the programme at no additional charge within 18 months of first registration (subject to certain conditions).
