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How to Do Business Bookkeeping: A Step-by-Step Guide

Learn practical bookkeeping, accounting terminology, double entry system, financial statement analysis, and more. Elevate your professional proficiency.

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Last updated 5/2024 English

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Overview

The Business Bookkeeping Course is tailored for entrepreneurs, financial professionals, and bookkeeping personnel seeking to develop a foundational comprehension of the design and integration of "books of account" in business operations, ultimately leading to the creation of Financial Statements.

Enhancing Business Acumen

Efficient and effective accounting and bookkeeping form the fundamental pillars of any business. Whether you are a bookkeeper, financial clerk, business manager within the financial department, or a manager seeking to expand your understanding of the company's financial statements, a strong grasp of basic business accounting will empower you to widen your financial expertise.

Course Highlights

This course expands upon the accounting terms and principles traditionally taught in educational settings, supplementing them with practical business tools and insights. By becoming proficient in accounting terminology and principles, mastering the application of the accounting equation in business scenarios, and gaining confidence in analyzing a company's financial statements, you can revitalize your professional trajectory.

Elevating Professional Proficiency

Imagine the strides you could make in your professional journey by comprehending financial statements and extracting the necessary financial data to enhance the financial success of your department or business unit.

Upon completion of the course, participants will gain the following knowledge and skills:

Understanding Business Accounting

  • Basic comprehension of business accounting statements
  • Extraction of valuable financial information from accounting documents

Course Modules

  • Practical Basic Bookkeeping
  • Basic Bookkeeping and Accounting Terminology
  • Double Entry System / Principle
  • Source Documents
  • Accounting Cycle
  • Understanding the Accounting Equation
  • Chart of Accounts
  • Trial Balance
  • Balance Sheet
  • Income Statement
  • Accruals and Provisions
  • Journals
  • Basic Ratio Analysis
  • Reconciliations
  • Depreciation and Amortization
  • Fixed Assets and Fixed Asset Register
  • Interest Calculation and Compound Interest
  • Month End / Year End Process
  • Annual Financial Statements – An Overview
Who this course is for
  1. Entrepreneurs
  2. Financial and Bookkeeping staff
  3. Accounting and Finance students
What you'll learn
  1. Basic Bookkeeping and Accounting Terminology
  2. Why you need Bookkeeping?
  3. Accounting Cycle
  4. Source Documents, Books of First Entry
  5. Chart Of Accounts
  6. Audit Trails
  7. Trial Balance
  8. Reconciliations
  9. Month/Year End Close of Process
  10. Annual Financial Statements (AFS)
Requirements

There are no course requirements other than the desire to learn.

Course Content
2 Sections 10 Lectures 2h 20m total length