Bookkeeping

This comprehensive course is designed to provide you with a solid foundation in bookkeeping principles and practices. Whether you’re a small business owner, an aspiring accountant, or simply interested in understanding financial records, this course will equip you with the knowledge and skills needed to effectively manage and maintain accurate financial records. Through engaging lectures, practical examples, and interactive activities, you’ll learn key concepts and techniques to become proficient in bookkeeping.

Learning Objectives
In this course, you will learn:

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Course Modules

MODULE 1
    Introduction to Bookkeeping

• Lesson 1: Overview of bookkeeping and its role in business
• Lesson 2: Importance of accurate record-keeping
• Lesson 3: Basic accounting principles and concepts

MODULE 2
    Accounting Equation and Double-Entry Bookkeeping

• Lesson 1: Understanding the accounting equation: Assets = Liabilities + Equity
• Lesson 2: Introduction to double-entry bookkeeping
• Lesson 3: Recording transactions: debits and credits

MODULE 3
    Chart of Accounts and General Ledger

• Lesson 1: Creating a chart of accounts
• Lesson 2: Understanding the general ledger and its components
• Lesson 3: Posting transactions to the general ledger

MODULE 4
    Recording Transactions

• Lesson 1: Recording sales and revenue transactions
• Lesson 2: Recording purchase and expense transactions
• Lesson 3: Journal entries and posting to the general ledger

MODULE 5
    Cash and Accrual Accounting

• Lesson 1: Difference between cash and accrual accounting methods
• Lesson 2: Recording transactions under cash and accrual basis
• Lesson 3: Advantages and disadvantages of each accounting method

MODULE 6
    Bank Reconciliation

• Lesson 1: Importance of bank reconciliation
• Lesson 2: Reconciling bank statements with general ledger accounts
• Lesson 3: Identifying and correcting discrepancies

MODULE 7
    Financial Statements

• Lessonh 1: Introduction to financial statements: balance sheet, income statement, statement of cash flows
• Lesson 2: Preparation and interpretation of financial statement
• Lesson 3: Ratio analysis for financial performance evaluation

MODULE 8
    Adjusting Entries and Closing Entries

• Lesson 1: Understanding adjusting entries: accruals and deferrals
• Lesson 2: Preparing adjusting entries for accrued revenue, accrued expenses, prepaid expenses, and unearned revenue
• Lesson 3: Closing the books at the end of the accounting period

MODULE 9
    Inventory Management and Cost of Goods Sold (COGS)

• Lesson 1: Methods of inventory valuation: FIFO, LIFO, weighted average
• Lesson 2: Calculating cost of goods sold (COGS)
• Lesson 3: Recording inventory transactions and adjusting entries

MODULE 10
    Payroll Accounting

• Lesson 1: Overview of payroll accounting
• Lesson 2: Calculating employee wages, salaries, and benefits
• Lesson 3: Withholding taxes and payroll liabilities

MODULE 11
    Depreciation and Amortization

• Lesson 1: Understanding depreciation and amortization
• Lesson 2: Methods of depreciation: straight-line, declining balance, units of production
• Lesson 3: Recording depreciation and amortization expenses

MODULE 12
    Financial Analysis and Reporting

• Lesson 1: Analyzing financial data to make informed business decisions
• Lesson 2: Interpreting financial ratios and metrics
• Lesson 3: Reporting financial performance to stakeholders

MODULE 13
    Introduction to Bookkeeping Software

• Lesson 1: Overview of popular bookkeeping software (e.g., QuickBooks, Fowgate,)
• Lesson 2: Setting up company profiles and accounts
• Lesson 3: Recording transactions and generating financial reports using software

MODULE 14
    Advanced Topics in Bookkeeping

• Lesson 1: Handling complex transactions: loans, investments, mergers, acquisitions
• Lesson 2: Budgeting and forecasting
• Lesson 3: Tax preparation and compliance
• Conclusion
• Project
• Assessment