Understand the Fundamentals of Accounting
  • Introduction to Accounting
  • Types of business organisations
Introduction to double entry bookkeeping and ledger balancing
  • Double entry bookkeeping basics with a worked example
  • Balancing ledger accounts
  • Double entry bookkeeping exercise
Source documents
  • Types of source documents used in businesses
Essential Elements: Assets, Liabilities, Equity, and the Accounting Equation
  • Assets
  • Liabilities
  • Equity
  • The accounting equation
Balancing Act: Introduction to the Trial Balance
  • Meaning, purpose & format of a trial balance
  • Preparation of a trial balance - worked example
  • Errors that affect & those that don't affect the balancing of the trial balance