Accounting & Bookkeeping Principles
Accounting and Bookkeeping is the process of keeping track of a business’s financial transactions. These services include recording what funds comes into and flows out of a business, such as payments from customers and payments made to vendors.
As the course title implies, this course serves as an in-depth introduction to the fundamental processes of bookkeeping, equipping students with the essential knowledge and skills required for effective financial management within a business setting.
Tailored not only for aspiring professionals but also recognising the unique needs of small business owners, this course addresses the practicalities of managing finances efficiently at a smaller scale.
Employment & Career Path Opportunities
Upon completing this course you can explore roles such as Accounting Officer, Bookkeeper, Accounting Clerk, or Financial Analyst or decide to advance your career as an accountant.
4 weeks – 6 weeks (flexible)
A basic understanding of business concepts and knowledge and proficiency in the use of computer technology for a variety of tasks and roles.
This course is designed to introduce students to the office processes of bookkeeping, including documentation, processes, accounting terminology, and reporting. This course will cover key aspects of bookkeeping, such as double-entry accounting, payroll tracking and allocating expenses, revenues and inventory.
Successful students will be able to prepare monthly reports for review by qualified accountants. In addition to the workplace skills necessary for bookkeeping, this course will also provide training in the use of QuickBooks, allowing students to learn how to apply their bookkeeping principles and practices in a digital environment. QuickBooks covers recording accounts payable and accounts receivable, as well as inventory and payroll transactions.
Students will become familiar in practices for making corrections and adjustments, when necessary. Completing this course rewards the ReTrain Certification in Accounting Principles and Bookkeeping, demonstrating that the student can competently administer bookkeeping for a business.
Note: The subject material and objectives of this course are intended to support good business financial practices. It is not a replacement for the skills and knowledge of an accredited accountant.