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Bookkeeping and Accounting Training Program ( Powerpoint)

Bookkeeping and Accounting Training Program ( Powerpoint)

Original price was: $6.00.Current price is: $3.00.

This bookkeeping course offers a comprehensive introduction to the essential principles and practices required to manage financial transactions and maintain accurate records for businesses. It is designed to equip participants with both theoretical knowledge and practical skills, covering the full bookkeeping cycle from recording transactions to preparing financial statements.

The course begins with an introduction to bookkeeping and accounting, defining key terms and distinguishing between single-entry and double-entry bookkeeping systems. Participants explore the accounting equation and how business transactions impact financial records through the use of debits and credits. They also learn about the chart of accounts and the different types of accounts, such as assets, liabilities, revenue, and expenses.

The course progresses into transaction recording in the general journal and posting to the general ledger, followed by the preparation of a trial balance. Participants practice making adjusting entries for accruals, deferrals, and depreciation to ensure accurate financial reporting. A dedicated module teaches bank reconciliation to help identify and resolve discrepancies between cash records and bank statements.

A major focus is placed on managing accounts receivable (AR) and accounts payable (AP), helping learners understand the importance of tracking sales, customer payments, purchases, and vendor obligations. Additionally, the course offers an in-depth exploration of payroll accounting, including payroll deductions, compliance, and reporting.

Participants also study the management of inventory and methods for valuing inventory, such as FIFO, LIFO, and weighted average. The course further covers fixed assets, teaching how to record acquisitions, calculate depreciation, and manage asset disposals. These modules are reinforced with practical exercises, giving learners hands-on experience in each area.

The course culminates with the preparation of financial statements, including the income statement, balance sheet, and cash flow statement. Learners also gain insights into the closing process, which involves closing temporary accounts and generating a post-closing trial balance.

To modernize their bookkeeping skills, participants receive an introduction to bookkeeping software like QuickBooks and Xero, exploring automation tools and report generation. Best practices are also emphasized, including record-keeping, compliance, and the use of internal controls to safeguard financial data.

The final module includes a project-based assessment where learners apply their knowledge to prepare financial records for a mock business. This practical exercise reinforces key concepts and helps participants demonstrate their proficiency.

By the end of this course, learners will have developed the skills to manage financial transactions accurately, prepare essential financial reports, and use bookkeeping software effectively. This course prepares participants to take on bookkeeping roles in various industries or manage their own small business finances efficiently.

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Module 1: Introduction to Bookkeeping and Accounting

  • 1.1 Definition of Bookkeeping
  • 1.2 Purpose and Importance of Bookkeeping
  • 1.3 Differences Between Bookkeeping and Accounting
  • 1.4 Types of Bookkeeping: Single-Entry vs. Double-Entry
  • 1.5 Basic Bookkeeping Terminology (Assets, Liabilities, Equity, Revenue, Expenses)
  • 1.6 Introduction to Financial Statements (Balance Sheet, Income Statement)

Module 2: The Accounting Equation and Transaction Analysis

  • 2.1 Understanding the Accounting Equation: Assets = Liabilities + Equity
  • 2.2 How Transactions Affect the Accounting Equation
  • 2.3 Recording Transactions: Debits and Credits
  • 2.4 Types of Accounts: Asset, Liability, Equity, Revenue, Expense
  • 2.5 Chart of Accounts and its Structure
  • 2.6 Practical Examples: Analyzing Basic Business Transactions

Module 3: Recording Financial Transactions

  • 3.1 The General Journal: Definition and Purpose
  • 3.2 Recording Transactions in the General Journal
  • 3.3 Posting Journal Entries to the General Ledger
  • 3.4 T-Accounts and Balancing Ledger Accounts
  • 3.5 Practical Exercise: Recording and Posting Simple Transactions

Module 4: The Trial Balance and Adjusting Entries

  • 4.1 Understanding the Trial Balance
  • 4.2 Purpose of the Trial Balance
  • 4.3 Common Errors in Trial Balance and How to Fix Them
  • 4.4 Adjusting Entries: Accruals, Deferrals, Depreciation
  • 4.5 Practical Exercise: Preparing a Trial Balance and Making Adjustments

Module 5: Cash and Bank Reconciliations

  • 5.1 Importance of Cash Flow Management
  • 5.2 Recording Cash Receipts and Payments
  • 5.3 Bank Reconciliation: Purpose and Process
  • 5.4 Handling Discrepancies in Reconciliation
  • 5.5 Practical Exercise: Conducting a Bank Reconciliation

Module 6: Accounts Receivable and Accounts Payable

  • 6.1 Managing Accounts Receivable (AR)
  • 6.2 Recording Sales and Customer Payments
  • 6.3 Managing Accounts Payable (AP)
  • 6.4 Recording Purchases and Vendor Payments
  • 6.5 Aging Reports for AR and AP
  • 6.6 Practical Exercise: Recording and Managing AR and AP

Module 7: Payroll Accounting

  • 7.1 Overview of Payroll Process
  • 7.2 Recording Payroll Transactions
  • 7.3 Payroll Deductions (Taxes, Benefits)
  • 7.4 Payroll Reports and Compliance
  • 7.5 Practical Exercise: Preparing and Recording Payroll Transactions

Module 8: Inventory Management and Costing

  • 8.1 Types of Inventory: Raw Materials, Work-in-Process, Finished Goods
  • 8.2 Recording Inventory Transactions
  • 8.3 Inventory Valuation Methods: FIFO, LIFO, Weighted Average
  • 8.4 Inventory Adjustments and Shrinkage
  • 8.5 Practical Exercise: Recording and Adjusting Inventory

Module 9: Fixed Assets and Depreciation

  • 9.1 Definition of Fixed Assets
  • 9.2 Recording Acquisition of Fixed Assets
  • 9.3 Depreciation Methods: Straight-Line, Declining Balance
  • 9.4 Disposals and Impairment of Fixed Assets
  • 9.5 Practical Exercise: Recording Fixed Asset Transactions and Depreciation

Module 10: Financial Statements Preparation

  • 10.1 Overview of Financial Statements
  • 10.2 Preparing an Income Statement
  • 10.3 Preparing a Balance Sheet
  • 10.4 Preparing a Cash Flow Statement
  • 10.5 Practical Exercise: Preparing Basic Financial Statements

Module 11: Closing the Books

  • 11.1 Purpose of Closing the Books
  • 11.2 Temporary vs. Permanent Accounts
  • 11.3 Closing Entries Process
  • 11.4 Preparing the Post-Closing Trial Balance
  • 11.5 Practical Exercise: Closing the Books and Preparing Post-Closing Trial Balance

Module 12: Introduction to Bookkeeping Software

  • 12.1 Overview of Popular Bookkeeping Software (e.g., QuickBooks, Xero, FreshBooks)
  • 12.2 Features and Benefits of Bookkeeping Software
  • 12.3 Automating Bookkeeping Tasks
  • 12.4 Generating Reports Using Bookkeeping Software
  • 12.5 Practical Exercise: Setting Up and Using Bookkeeping Software

Module 13: Bookkeeping Best Practices

  • 13.1 Importance of Consistency and Accuracy
  • 13.2 Record-Keeping and Documentation
  • 13.3 Audits and Internal Controls
  • 13.4 Compliance with Tax Regulations
  • 13.5 Practical Exercise: Implementing Best Practices in a Business Setting

Module 14: Final Project and Course Review

  • 14.1 Review of Key Bookkeeping Concepts
  • 14.2 Case Study: Full Cycle Bookkeeping for a Small Business
  • 14.3 Practical Exercise: Preparing Complete Financial Records
  • 14.4 Final Assessment: Preparing Financial Statements for a Mock Company

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