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Bookkeeping Fundamentals Training

Instant Access | All you need to know about Bookkeeping | Include Free PDF Certificate & Tutor Support


Learndrive

Summary

Price
£12.99 inc VAT
Study method
Online, On Demand What's this?
Duration
1.2 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

1 student purchased this course

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Overview

Embark on a comprehensive journey into the world of Bookkeeping. This course is meticulously designed to provide you with the knowledge, skills, and techniques essential for understanding and mastering Bookkeeping in various business contexts. From understanding the foundational aspects of Bookkeeping to diving deep into advanced topics and future trends, this course promises a holistic education for anyone looking to excel in the field of Bookkeeping.

Learning Outcome: After completing this Bookkeeping course, participants will:

  • Understand the core concepts and importance of Bookkeeping in a business.
  • Recognize the significance of double-entry systems, ledgers, and financial statements in Bookkeeping.
  • Master the techniques for effective accounts management and financial budgeting in Bookkeeping.
  • Grasp the importance of ethics, auditing, and technology in Bookkeeping.
  • Prepare for a successful career in various fields of Bookkeeping.

Curriculum

11
sections
11
lectures
1h 15m
total

Course media

Description

Dive into the intricacies of Bookkeeping with our expertly crafted modules. This Bookkeeping course blends theoretical knowledge with practical insights, ensuring participants are well-equipped to tackle the challenges of financial record-keeping in various settings. Whether you're a professional in the field, a business owner, or simply someone passionate about Bookkeeping, this course offers a comprehensive education.

Course Curriculum:

  • Module 01: Introduction to Book-keeping

    • Dive deep into understanding the role of an accountant and a bookkeeper.
    • Explore the importance of Bookkeeping in a business.
    • Understand basic Bookkeeping terminology.
    • Familiarize with different types of accounts in Bookkeeping.
    • Learn about accounting concepts and standards in Bookkeeping.
  • Module 02: Double-Entry Bookkeeping Systems

    • Master the double-entry Bookkeeping system.
    • Understand the rules of debit and credit in Bookkeeping.
    • Learn to record transactions in the double-entry system.
    • Delve into the purpose, entries, and advantages of the journal in Bookkeeping.
    • Explore special journals and their uses in Bookkeeping.
  • Module 03: The General Ledger

    • Understand the introduction to the general ledger in Bookkeeping.
    • Master posting transactions to the ledger in Bookkeeping.
    • Learn about balancing ledger accounts.
    • Understand the purpose and preparation of the trial balance in Bookkeeping.
    • Delve into errors and their correction in the ledger.
  • Module 04: Accounts Receivable and Payable

    • Explore the purpose and management of accounts receivable in Bookkeeping.
    • Understand the purpose and management of accounts payable in Bookkeeping.
    • Learn to record transactions in accounts receivable and payable.
    • Understand the ageing of accounts in Bookkeeping.
    • Master reconciliation of accounts in Bookkeeping.
  • Module 05: Income Statement (Profit and Loss Statement)

    • Dive deep into understanding the income statement in Bookkeeping.
    • Explore revenue recognition, types, and recording in Bookkeeping.
    • Learn about the calculation and recording of cost of goods sold.
    • Understand the classification and recording of expenses in Bookkeeping.
    • Master the steps and examples of preparing an income statement.
  • Module 06: The Balance Sheet

    • Understand the basics of the balance sheet in Bookkeeping.
    • Explore current and non-current assets in Bookkeeping.
    • Delve into current and non-current liabilities in Bookkeeping.
    • Understand capital and retained earnings in Bookkeeping.
    • Learn the steps and examples of preparing a balance sheet.
  • Module 07: Cash Flow Statements

    • Dive into understanding the cash flow statement in Bookkeeping.
    • Explore cash flows from various activities in Bookkeeping.
    • Understand the steps and examples of preparing a cash flow statement.
  • Module 08: Financial Budgeting and Planning

    • Understand the importance of financial budgeting in Bookkeeping.
    • Master the preparation of various budgets in Bookkeeping.
    • Delve into long-term planning and capital budgeting in Bookkeeping.
  • Module 09: Auditing in Book-keeping

    • Explore the role of auditing in Bookkeeping.
    • Understand various types of audits in Bookkeeping.
    • Learn about the audit process in Bookkeeping.
    • Delve into understanding audit reports and internal controls in Bookkeeping.
  • Module 10: Advanced Topics and Future Trends in Book-keeping

    • Understand the role of software and technology in Bookkeeping.
    • Explore ethics in Bookkeeping.
    • Learn about career opportunities and continuing education in Bookkeeping.
    • Delve into future trends in Bookkeeping, including automation, AI, and cloud-based systems.

Who is this course for?

This Bookkeeping course is designed for:

  • Professionals working in the field of finance and Bookkeeping.
  • Business owners looking to understand and manage their financial records.
  • Students pursuing studies related to finance and Bookkeeping.
  • Anyone passionate about Bookkeeping and looking to

Requirements

This Bookkeeping Training does not have any prerequisites or formal requirements.

Career path

Taking Bookkeeping Course will open up a variety of career options for you.

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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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.