Bookkeeping
In Bookkeeping, you will learn the basics of how to provide information concerning the financial affairs of a business using manual bookkeeping. The module will cover assets, liabilities, and capital; credits and debits; posting transactions; depreciation; journals and ledgers; inventory; and creating reports.
Course Length
42 hours
Text Book
Accounting Principles, 2013, WSC
Method of Evaluation
- Practical Exercises 10%
- Participation 10%
- Mid-Term Exam 40%
- Final Exam 40% (minimum 65%=pass)
Competencies
Knowledge
- Understand the complete bookkeeping cycle from preparation of General Journal to
periodical closing procedures - Know about special journals, ledgers and worksheets
- Understand the reason for period-end adjustments
- Working knowledge, different taxes and tax procedures
Skills
- Able to manually record financial activities of a business in a General Journal and
Ledger - Able to manually prepare common financial statements such as income statement and balance
sheet - Able to perform summarizing and reporting via a worksheet
- Able to calculate gross and net pay and total after deductions
- Able to adjust the value of fixed assets after deducting depreciation expense