Bookkeeping Fundamentals Training Course

Bookkeeping Fundamentals Training Course


Event outline

Course Overview

Developing essential skills to perform your job as a professional bookkeeper is a pre-requisite for achieving professional success in any organisation.  Bookkeepers are often called upon to explain financial reports or assist with making financial decisions.

The pdtraining Bookkeeping Fundamentals Training Course provides a solid foundation that will help you to develop the required skills in bookkeeping. It includes the understanding of basic terminology, double entry accounting, creating budgets, using various accounting methods, procedures, financial planning, auditing and reporting.

Bookkeeping Fundamentals training courses includes lunch and refreshments.

Learning Outcomes

  • Learn to recognise and use basic accounting terminology
  • Understand the differences between cash & accrual accounting methods
  • Become familiar with accounts payable & receivable
  • Learn how to use a journal and general ledger to document business financials
  • Be comfortable reading and analysing the balance sheet
  • Learn to identify different types of financial statements
  • Understand the reasons for a budget, and how to create one
  • Gain a knowledge of internal & external auditing

Course Outline

Lesson 1

  • Workshop Objectives

Lesson 2
Basic Terminology (I)

  • Balance Sheet
  • Assets
  • Liabilities
  • Equity
  • Income Statement
  • Revenue
  • Cost of Goods Sold
  • Expenses
  • Accounting Period

Lesson 3
Basic Terminology (II)

  • Accounts Receivable
  • Accounts Payable
  • Depreciation
  • General Ledger
  • Interest
  • Inventory
  • Journals
  • Payroll
  • Trial Balance

Lesson 4
Accounting Methods

  • Cash Method
  • Accrual Method
  • Differences between Cash and Accrual

Lesson 5
Keeping Track of Your Business

  • Accounts Payable
  • Accounts Receivable
  • The Journal
  • The General Ledger
  • Cash Management

Lesson 6
Understanding the Balance Sheet

  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity

Lesson 7
Other Financial Statements

  • Income Statement
  • Cash Flow Statement
  • Capital Statement
  • Budget vs. Actual

Lesson 8
Payroll Accounting / Terminology

  • Gross Wages
  • Net Wages
  • Employee Tax Withholdings
  • Employer Tax Expenses
  • Salary Deferrals
  • Employee Payroll
  • Employee Benefits
  • Tracking Accrued Leave
  • Government Payroll Returns/Reports

Lesson 9
End of Period Procedures

  • Depreciating Your Assets
  • Reconciling Cash
  • Reconciling Investments
  • Working with the Trial Balance
  • Bad Debt
  • Posting Adjustments and Corrections

Lesson 10
Financial Planning, Budgeting and Control

  • Reasons for Budgeting
  • Creating a Budget
  • Comparing Budget to Actual Expenses

Lesson 11

  • What is an Audit?
  • When and Why Would You Audit?
  • Internal
  • External

Lesson 12
Wrapping Up

  • Words from the Wise

Dates & registration

There are no dates listed for this event.

Provider information

pd training is an Australian-owned, international training and professional development and services organisation, with approximately 400 specialist trainers across Australia, delivering thousands of courses each year in our 16 areas of specialty.