Courses Details

Skills and Competencies: 

Technical Skills: Proficiency in recording financial transactions using ledgers and journals. 

• Knowledge of accounts payable and receivable processes. 
• Understanding payroll processes, including calculations and records maintenance. 
• Bank reconciliation and preparation of end-of-period financial reports. 

Soft Skills: 

• Attention to detail and accuracy. 
• Time management and ability to meet deadlines. 
• Strong problem-solving and analytical skills. 
• Effective communication for teamwork and reporting. 

Tools and Software Knowledge: 

• Experience with basic accounting software (e.g., QuickBooks). 
• Familiarity with manual bookkeeping practices. 

Potential Job Roles: 

• Accounting Clerk
• Bookkeeper
• Accounts Payable/Receivable Assistant

Industries Hiring for These Roles: 

• Small and medium enterprises (SMEs) 
• Retail businesses 
• Non-profit organizations 
• Educational institutions 
• Hospitality and tourism industries 
• Freelance bookkeeping services for startups 

This curriculum serves as an excellent stepping stone for individuals looking to establish a career in accounting or finance, providing both the foundational skills and practical knowledge necessary for success in entry-level positions. 

Course Outline

Week 1: Introduction to Accounting Principles 

Learning Outcome: Understand basic accounting principles and the structure of the accounting equation. 

Indicative Content: 

• Overview of accounting and its role in business 
• Definitions of assets, liabilities, and equity 
• The structure and components of T accounts 
• The accounting equation and its application 

Week 2: General Ledger and Balance Sheet Basics 

Learning Outcome: Create and manage a basic General Ledger and balance sheet. 

Indicative Content: 

• Purpose and structure of a General Ledger 
• Introduction to balance sheets 
• Analyzing transactions for ledger entries 
• Creating and maintaining ledger accounts 

Week 3: Journalizing Transactions 

Learning Outcome: Accurately record transactions in journals and transfer them to ledgers. 

Indicative Content: 

• Introduction to the journal and its purpose 
• Multi-column journal structure 
• Recording and classifying transactions 
• Posting journal entries to the General Ledger 

Week 4: Accounts Payable Management 

Learning Outcome: Manage and record accounts payable processes. 

Indicative Content: 

• Understanding vendor relationships 
• Recording purchases and payments 
• Transferring transactions to Accounts Payable Ledger 

Week 5: Accounts Receivable Management 

Learning Outcome: Effectively manage accounts receivable processes. 

Indicative Content: 

• Introduction to customer credit 
• Recording sales on account 
• Maintaining Accounts Receivable Ledger 
• Managing overdue accounts 

Week 6: Payroll Basics 

Learning Outcome: Process payroll transactions and maintain payroll records. 

Indicative Content: 

• Calculating gross pay, deductions, and net pay 
• Preparing payroll checks 
• Recording payroll entries in journals and ledgers 

Week 7: Banking Transactions 

Learning Outcome: Utilize banking services for business transactions. 

Indicative Content: 

• Writing and recording checks 
• Reconciling bank statements 
• Completing deposit tickets and maintaining records 

Week 8: Accounts Payable and Receivable Schedules 

Learning Outcome: Prepare and analyze schedules of accounts payable and receivable. 

Indicative Content: 

• Creating schedules for reporting purposes 
• Analyzing balances to determine financial position 
• Comparing Accounts Payable and Receivable 

Week 9: Preparing an End-of-Year Worksheet 

Learning Outcome: Summarize annual financial data into a worksheet. 

Indicative Content: 

• Preparing a worksheet with income and expense data 
• Balancing assets, liabilities, and equity 
• Calculating net profit or loss 

Week 10: Financial Reporting 

Learning Outcome: Prepare financial statements for decision-making. 

Indicative Content: 

• Owner’s Equity Statement 
• Income Statement and Distribution of Net Income 
• Interpreting financial data for strategic decisions 

Week 11: Adjusting and Closing Entries 

Learning Outcome: Make adjustments and close accounts for fiscal year-end. 

Indicative Content: 

• Adjusting asset and liability accounts 
• Journalizing and posting adjusting entries 
• Closing temporary accounts and preparing for the new year 

Week 12: Post-Closing Trial Balance 

Learning Outcome: Prepare and analyze a Post-Closing Trial Balance. 

Indicative Content: 

• Ensuring ledger balances 
• Transitioning to a new fiscal year 
• Preparing for audits and reviews 

End of course exam