Bookkeeping
- Description
- Curriculum
- Reviews
This course introduces students to the basic principles and practices of bookkeeping. It covers the systematic recording, organizing, and reporting of financial transactions within a business. Students will learn how to use the double-entry system, prepare ledgers, post journal entries, reconcile accounts, and produce essential financial statements. Practical exercises and real-world examples help learners build accuracy, attention to detail, and confidence in handling financial records. The course provides a foundation for further study in accounting, finance, and business administration.
Objectives
Understand Bookkeeping Fundamentals
Define bookkeeping and explain its purpose in business.
Understand the accounting cycle and its components.
Apply the Double-Entry System
Record transactions using debits and credits.
Maintain journals and ledgers accurately.
Prepare Financial Records
Use source documents such as invoices, receipts, and bank statements.
Post journal entries and update accounts.
Reconcile Accounts
Perform bank reconciliations.
Identify and correct errors in records.
Understand Basic Financial Statements
Prepare simple income statements, balance sheets, and cash flow summaries.
Explain the role of these documents in decision-making.
Use Basic Bookkeeping Tools
Apply manual methods (T-accounts, journals) and basic digital tools or spreadsheets.
Develop good record-keeping habits.
Matric
Basic numeracy and arithmetic skills
