Bookkeeping Essentials: General Ledger, Cash Flow, Balance Sheet & Audit
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Skill Arts
Summary
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Overview
Unlock Your Bookkeeping Potential with Our All-Encompassing Course
Initiate your Bookkeeping journey with our all-inclusive course tailored for entrepreneurs, finance professionals, and anyone interested in Bookkeeping. This course takes you from Bookkeeping basics to expert-level Bookkeeping knowledge.
Learning Outcomes
Upon successful completion of this Bookkeeping course, participants will:
- Gain an in-depth grasp of Bookkeeping principles essential for effective financial management in business settings.
- Master key Bookkeeping terminologies and Bookkeeping accounting standards.
- Learn how to execute Bookkeeping tasks such as recording financial transactions and managing ledgers.
- Become proficient in Bookkeeping areas like accounts receivable and accounts payable management.
- Develop skills for preparing Bookkeeping reports like Income Statements, Balance Sheets, and Cash Flow Statements.
SkillArts is duty bound to provide you with top level elearning, produced and maintained by industry experts.
There are no hidden fees, no sudden exam charges, and no other kind of unexpected payments.
Curriculum
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Module 01: Book-keeping Basics 09:00
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Module 02: Double-Entry System 07:00
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Module 03: General Ledger Management 09:00
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Module 04: Receivables and Payables 08:00
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Module 05: Profit Statement 07:00
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Module 06: Balance Sheet Analysis 06:00
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Module 07: Cash Flow Reporting 07:00
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Module 08: Financial Planning 07:00
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Module 09: Auditing Practices 08:00
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Module 10: Future of Book-keeping 08:00
Course media
Description
The Bookkeeping Online Course is built to industry standards, segmented into digestible modules that extensively cover each Bookkeeping facet.
Course Details:
Module One: Fundamentals of Bookkeeping
- Recognize the vital roles of a Bookkeeper and Accountant in Bookkeeping.
- Understand why Bookkeeping is pivotal in business financial management.
- Introduction to Bookkeeping concepts, principles, and terminology.
Module Two: Double-Entry Bookkeeping System
- Familiarize yourself with the double-entry Bookkeeping system, a cornerstone in Bookkeeping.
- Grasp Bookkeeping rules for debit and credit entries.
- Learn to record transactions efficiently in Bookkeeping journals.
Module Three: The General Ledger in Bookkeeping
- Introduction to the Bookkeeping General Ledger.
- Discover how to post Bookkeeping transactions to the Ledger.
- Learn how to balance Ledger accounts in Bookkeeping and prepare a Trial Balance.
Module Four: Bookkeeping for Accounts Receivable and Payable
- Understand the Bookkeeping techniques for managing Accounts Receivable and Accounts Payable.
- Learn Bookkeeping methods for recording transactions in these accounts.
- Techniques for Bookkeeping reconciliation of Accounts Receivable and Payable.
Module Five: Bookkeeping and the Income Statement
- Learn how to create an Income Statement in Bookkeeping.
- Understand revenue recognition in Bookkeeping.
- Bookkeeping techniques for calculating and recording Cost of Goods Sold and expenses.
Module Six: The Balance Sheet in Bookkeeping
- Grasp the Bookkeeping basics of crafting a Balance Sheet.
- Bookkeeping categorizations for assets and liabilities.
- Understand capital and retained earnings in Bookkeeping.
Module Seven: Cash Flow Statements and Bookkeeping
- Delve into Bookkeeping strategies for creating a Cash Flow Statement.
- Learn about different Bookkeeping categories for cash flows: operating, investing, and financing activities.
Module Eight: Financial Budgeting in Bookkeeping
- Realize the importance of financial budgeting in Bookkeeping.
- Bookkeeping methods for creating Sales, Production, and Cash Budgets.
Module Nine: The Role of Auditing in Bookkeeping
- Comprehend the Bookkeeping importance of auditing.
- Types of Bookkeeping audits and the auditing process.
Module Ten: Advanced Bookkeeping and Future Trends
- Explore the influence of software and technology on Bookkeeping.
- Ethics and career opportunities in Bookkeeping.
- Continuing education and certifications in Bookkeeping.
- Future of Bookkeeping: Automation, AI, and Cloud-Based systems.
Who is this course for?
- Financial professionals aiming to specialize in Bookkeeping.
- Entrepreneurs interested in Bookkeeping for effective financial management.
- Anyone committed to mastering Bookkeeping skills.
Requirements
This Bookkeeping Training does not have any prerequisites or formal requirements.
Career path
This Bookkeeping Masterclass can help you excel in your career in various ways.
Questions and answers
Currently there are no Q&As for this course. Be the first to ask a question.
Certificates
Reed Courses Certificate of Completion
Digital certificate - Included
Will be downloadable when all lectures have been completed.
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This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
