The course content addresses the following topics:
- The definition and history of accounting
- Primary, secondary, and tertiary users of accounting
- The financial equation
- The different business entities in the accounting environment
- Compiling a cash book
- Doing bank reconciliation
- Elements of debtors' and creditors' ledgers
- Summarising documents into ledgers
- Processing adjustments with a general journal
- Maintaining a petty cash
- Updating inventory movements in the general ledger
- Managing fixed assets in the accounting environment
- Capturing salaries and wages in the general ledger
- Reconciliations
- Doing a trial balance
- Producing a balance sheet
- The role of accounting software in the bookkeeping and accounting process
- Interpreting financial statements
- Legal requirements of disclosure with different types of business entities