Course Outline
Module One: Getting Started
- Icebreaker
- Housekeeping Items
- The Parking Lot
- Workshop Objectives
Module Two: Understanding Bookkeeping
- Defining Bookkeeping
- Bookkeeping vs. Accounting
- Key Bookkeeping Terms
- The Role of a Bookkeeper
- Overview of Financial Statements
- Practical Illustration
- Module Two: Review Questions
Module Three: Understanding Financial Transactions
- Types of Transactions
- The Accounting Equation
- Double-Entry Bookkeeping System
- Recording Transactions
- The Importance of Accurate Recording
- Practical Illustration
- Module Three: Review Questions
Module Four: Chart of Accounts
- Structure of Chart of Accounts
- Categories of Accounts
- Customizing the Chart of Accounts
- Account Coding and Numbering
- Maintaining the Chart of Accounts
- Practical Illustration
- Module Four: Review Questions
Module Five: The Recording of Transactions
- Recording Sales and Revenue
- Sales and Cash Transactions
- Handling Accounts Receivable
- Handling Accounts Payable
- Reconciling Bank Accounts
- Practical Illustration
- Module Five: Review Questions
Module Six: General Ledger
- The Purpose of the General Ledger
- Posting Entries
- Understanding Debit and Credit Entries
- Trial Balance Preparation
- General Ledger Software
- Practical Illustration
- Module Six: Review Questions
Module Seven: Financial Statements
- Forecasting and Budgeting
- Preparing the Income Statement
- Preparing the Balance Sheet
- Preparing the Cash Flow Statement
- Statement of Changes in Equity
- Practical Illustration
- Module Seven: Review Questions
Module Eight: Managing Banking and Cash
- Basics of Cash Management
- Petty Cash Handling
- Bank Reconciliation Process
- Handling Cash Receipts and Payments
- The Importance of Cash Flow Management
- Practical Illustration
- Module Eight: Review Questions
Module Nine: Payroll Accounting
- Introduction to Payroll Accounting
- Payroll Administration
- Payroll Deductions and Withholdings
- Recording Payroll Transactions
- Payroll Taxes and Compliance
- Practical Illustration
- Module Nine: Review Questions
Module Ten: Taxation Basics
- An Overview of Business Taxes
- Taxable and Non-Taxable
- Income Tax Considerations
- Payroll Tax Reporting
- Tax Deadlines and Filing Requirements
- Practical Illustration
- Module Ten: Review Questions
Module Eleven: Ethical and Legal Considerations
- Importance of Ethical Practices
- Understanding Legal Requirements
- Avoiding Legal Pitfalls
- Confidentiality and Data Security
- Continuous Development and Certification
- Practical Illustration
- Module Eleven: Review Questions
Module Twelve: Wrapping Up
- Words from the Wise
- Review of Parking Lot
- Lessons Learned
- Completion of Action Plans and Evaluations
