Skip to content

Bookkeeping: Understanding The Mechanics

Skill Success

Summary

Price
£157 inc VAT
Or £52.33/mo. for 3 months...
Study method
Online
Duration
Self-paced
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

This course includes lifetime access so you can complete it at your own speed.

This is designed for those interested to learn the basics of bookkeeping and understanding the mechanics to be able to determine when to use “debit” and “credits” when recording transactions.

Benefits of taking this course include:

  • Unlimited and lifetime access to the course
  • Learn the course at your own pace
  • Course can be accessed on any platform
  • 24/7 Customer support

Certificates

Certificate of completion

Digital certificate - Included

Course media

Description

Everyday examples using common phrases and terms you already know allows the instructor to break through the confusion and teach the concept and use of the tools on which everything else in bookkeeping and accounting is built.

Using simple, easy to understand discussion, illustrations and note sheets, this focused course with video lessons teaches you the basic understanding of the financial tools "debits" and "credits".

After completing the course, students will feel more confident and knowledgeable on topics such as...

  • What's the difference between debits and credits
  • When does each one mean an increase versus a decrease
  • How do they relate to assets, liabilities and equity
  • Also, how do they relate to income and expenses
  • What is a T-Account and how is it used in bookkeeping
  • What is an easy way to remember when to use "debit" and use "credit"

Who this course is for:

This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping.


The Bookkeeping: Understanding The Mechanicswill cover the following topics:

Section 1 - Introduction

  • Course Overview
  • Meet The Instructor And Resources
  • The Set Up Of The Course
  • Accounting Is A Process

Section 2 - Let Us Learn Debits And Credits

  • Introduction And Let Us Refresh
  • Finish Up The Refresh
  • Seeing Double?
  • Seeing More Double?
  • Bob And The Equation
  • More Equation And Bob
  • Equation Practice
  • T-Accounts And What Is A Debit?
  • Transactions To T-Accounts
  • Footing, Balancing And Trial Balancing

Section 3 - Accounting Is A Cycle

  • Introduction: The Cycle
  • Interim VS Final
  • What Are Adjustments And Closing?
  • Setting Up The Worksheet

Section 4 - Adjusting In The Cycle

  • Why Adjust?
  • Prepaid Assets
  • Inventory Adjustments
  • Depreciation
  • More Depreciation
  • Accrued Liabilities
  • Wrapping The Adjustments

Section 5 - Closing Up The Cycle

  • Closing? We’re Still In Business
  • What Gets Closed?
  • Revenue, Expenses And Income Summary
  • Closing The Income Summary And Draw

Section 6 - So Now What?

  • Let Us Wrap Up

Who is this course for?

This course is designed for those interested to learn the basics of bookkeeping and understanding the mechanics to be able to determine when to use “debit” and “credits” when recording transactions.

Requirements

No prior knowledge is required to take this course.

Career path

None

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Ask a question

Reviews

Currently there are no reviews for this course. Be the first to leave a review.

Leave a review

Legal information

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.

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.
View all
Similar subjects: Bookkeeping, Accounting and finance
Related searches: Online courses

Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2024. All rights reserved.