About This Course

Bookkeeping is the foundation of effective financial management, providing the tools to track, organize, and understand finances for personal or business success. The Basic Bookkeeping Workshop introduces participants to fundamental accounting principles and practical techniques for managing financial records efficiently.

Participants will gain confidence in working with key financial documents, understanding budgets, and navigating the intricacies of accounting methods. By learning to interpret financial statements and apply sound bookkeeping practices, they will be better equipped to make informed decisions and foster financial stability.

This course demystifies the world of numbers, helping participants appreciate their significance while building a solid framework for financial planning and control.

Course Objectives

• Understand essential accounting terminology and its applications.
• Differentiate between cash and accrual accounting methods.
• Track business transactions through accounts payable and receivable management.
• Use journals and general ledgers for accurate financial documentation.
• Analyze balance sheets for insights into financial health.
• Interpret and utilize various types of financial statements.
• Create and manage budgets for effective financial planning.
• Gain familiarity with internal and external auditing processes.

Audience

This course is suitable for:

• Small business owners looking to manage their finances independently.
• Entrepreneurs aiming to build a strong financial foundation for their ventures.
• Administrative professionals responsible for bookkeeping tasks.
• Individuals preparing for more advanced financial management or accounting studies.
• Anyone seeking to improve their financial literacy and decision-making skills.

Prerequisites

There are no prerequisites for this course. It is open to individuals of all skill levels who wish to enhance their understanding of bookkeeping and financial management.

Course Outline

• Basic Terminology (I)
• Basic Terminology (II)
• Accounting Methods
• Keeping Track of Your Business
• Understanding the Balance Sheet
• Other Financial Statements
• Payroll Accounting / Terminology
• End of Period Procedures
• Financial Planning, Budgeting, and Control
• Auditing