ACCA: Introduction to Bookkeeping

by ACCA

Course Description

The Introduction to Bookkeeping course is designed to provide foundational knowledge and skills in accounting, essential for managing business transactions with proficiency. This course prepares students for a variety of objectives, including starting a career in business, preparing for higher studies in finance, launching a startup, or getting ready for the ACCA Recording Financial Transactions exam.

What Students Will Learn

Students will acquire an understanding of the double entry bookkeeping system and manage common business transactions effectively. The course will cover the principles of accounting, documentation, and recording in an accounting system, providing a solid foundation for further studies or career advancement in finance and accounting.

Prerequisites

No prior knowledge of the subject is needed. This course welcomes beginners who are new to accounting and finance.

Course Will Cover

Understanding types of business transactions and documentation
Fundamentals of the double entry system and duality of transactions
Processes involved in banking transactions
Basics of payroll management
Maintenance of ledger accounts
Handling sales and purchases through credit transactions
Skills in performing reconciliations
Preparation and understanding of the trial balance

Who This Course Is For

This course is ideal for individuals aiming to start a career in business, finance, or accountancy. It is also suitable for entrepreneurs planning to manage their own business finances and anyone preparing for the ACCA’s FA1 exam.

Real-World Application

The skills learned in this course can be directly applied in managing and recording financial transactions in real-world businesses. Proper bookkeeping is vital for making informed business decisions, maintaining regulatory compliance, and understanding the financial health of an organization.