Fundamentals of Accounting

Proper accounting is crucial for the prosperity and survival of any organisation. Our complex economic system depends on accurate, trustworthy and relevant financial records and reports. While this module focuses on the accounting required for a sole trader, the skills and knowledge you’ll learn are of central importance for accounting, and managing in any organisation, whether for-profit, not-for-profit or governmental.

The course covers:

• Introduction to accounting
• Essentials of double-entry bookkeeping
• Accruals accounting explored
• Control over the ledgers
• Preparing financial statements
• Essentials of cost and management accounting
• Management accounting applications
• There will also be a tutorial on incomplete records, and you’ll have access to video tutorials on suspense accounts, bank reconciliations and control account reconciliations.