TRAIN AS A BOOKKEEPER
Bookkeeping is an essential role for most businesses, and because of this there are many opportunities available. As a bookkeeper you are not restricted to any specific industry, making it a very flexible career option.
Are you:
- Looking to retrain
- Wanting to add another skill to your skill set
- Interesting in developing or refreshing your existing bookkeeping knowledge
This is a detailed, solid foundation course for anyone working or wanting to work in bookkeeping, including:
- Business owners and Managers
- Administration or accounts employees
- Anyone seeking a career as a bookkeeper
- Job seekers looking to build their skills set and improve their career prospects
- Anyone who wants or needs to learn the minimum in order to deal with financial management of any sort of organisation - business, public, charity, church. It can even help a family deal better with keeping track of their household expenses.
This course covers many different areas so will provide you with a comprehensive level of knowledge, if this is what you are after then enrol with us today!
Lesson Structure
There are 8 lessons in this course:
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SCOPE AND NATURE OF BOOKKEEPING
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Introduction
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What is bookkeeping?
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Why is record keeping important in bookkeeping?
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What are the books?
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Terminology and the bookkeeper’s world
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Financial information
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Hints and tips for making bookkeeping stress free from day one
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Case study: Sally’s hairdressing studio
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ACCOUNTING NORMS
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Accounting conventions
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Business Entity Convention
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Going Concern Convention
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Accounting Period Convention
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Monetary Entity Convention
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Recognition of Law
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Accounting Doctrines - consistency, relevance, materiality, verifiability
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Accounting standards
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International Standard Setting Process
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Case study: A freelancing business
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THE BOOKKEEPING PROCESS
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Understanding the flow of information in bookkeeping
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Invoices as source documents
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Credit notes as source documents
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Other business documents
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5 Steps in the bookkeeping process
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How and when do you record transactions?
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Daily, weekly, monthly, quarterly, yearly activities
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Case study: Carlo’s chiropractic
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DOUBLE ENTRY BOOKKEEPING
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Ledgers
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Opening up a general ledger
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Ledger accounts and sub ledgers
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General Ledger
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Entries resulting from transactions
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Recording transactions
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Case study: A gardening services
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CHART OF ACCOUNTS – BALANCE AND INCOME STATEMENTS
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About the chart of accounts
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About the balance sheet
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Owners equity and shareholders equity
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Which items don't appear on balance sheet
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Income statement
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Case study: Rob the builder
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LEDGER ACCOUNTS -PROFIT AND LOSS STATEMENTS
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Ledger accounts and double entry bookkeeping
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Journals
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Recording entries in ledger accounts
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Rules to follow
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Steps to analyse and allocate transactions
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Analysis chart
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Footing ledger accounts
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Balancing ledger accounts
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The trial balance
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Accounting for drawings
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Case study: Jimmy loses everything
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CASH RECEIPTS AND PAYMENTS JOURNALS
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Journals - Day books
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Journals : Cash receipts and cash payments
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Journals appropriate for a Service Business
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Recording cash transactions in journals
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Case study
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WHAT COMES NEXT?
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Starting a Bookkeeping Business
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Considering blockchain
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Where to keep learning and developing skills
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Final assessment
WHY STUDY WITH ACS?
There are lots of reasons why you should sign up to do this course with us, including:
- The course is detailed to ensure that you have the level of knowledge required to apply the practices in the work place
- Within each lesson you have the opportunity to apply your learning to activities which enables you to practice different concepts
- Knowledge of these key areas will enable you to stand out from other applicants when it comes to applying for jobs, it will also give you greater confidence
- Working in bookkeeping enables you to work in many different sectors and business types, giving you flexibility now and in the future
- Our subject specialist tutors will be there to support you throughout your course, they are only too happy to share their industry knowledge and experience with you
- When studying with us you set your own deadlines, meaning you study at your own pace enabling it to fit around other commitments
TAKE THE NEXT STEP AND ENROL NOW!
You can enrol on the course now, but if you have any questions about the content of the course or studying with ACS, then please get in touch with us today - use our FREE COURSE COUNSELLING SERVICE to get in touch with our expert tutors. They will be pleased to help you!
