Every business needs at least one person to do their accounts. Bookkeeping can provide a long and enjoyable career with options to branch out into other areas. This comprehensive course covers everything from keeping a ledger & cash control, to the balance sheet and profit and loss statements. It provides an extremely solid foundation and is suitable for:
- Business owners
- Administration or accounts employees
- Anyone seeking a career as a bookkeeper
Are you a Primary Producer or Indigenous Land Owner?
This course has been assessed and approved by the Department of Agriculture, Fisheries & Forestry as being suitable for funding for participants that meet the selection criteria. Eligible participants are able to claim up to $1500 per financial year to attend FarmReady approved courses, with additional funding available for associated reasonable travel, accommodation and childcare expenses.
Contact our Student Advisors for more information on how to apply.
Lesson StructureThere are 13 lessons in this course:
- Introduction - Nature and Function of Accounting for Service Firms
- Balance Sheet
- Analysing and Designing Accounting Systems
- The Double Entry Recording Process
- Cash Receipts and Cash Payments Journal
- Credit Fees and Purchases Journal
- The General Journal
- Closing the Ledger
- Profit and Loss Statement
- Depreciation on Non-current Assets
- Profit Determination and Balance Day Adjustments
- Cash Control: Bank Reconciliation and Petty Cash
- Cash Control: Budgeting
Each lesson culminates in an assignment which is submitted to the school, marked by the school's tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading.
Courses Direct has been named an "
Accredited Training Provider" by the Institute of Certified Bookkeepers. Students who enrol in the Bookkeeping - Introduction, Bookkeeping Intermediate or any MYOB course offered by Courses Direct will receive automatic Student Membership to the Institute . For more information on this institute, please visit
www.icb.org.au.Aims- Explain types of balance sheets, assets, liabilities.
- Design an accounting process.
- Utilize ledgers, transaction records, trial balances.
- Define what a business’s liquidity is and the two calculations used to measure it.
- Prepare a credit fees journal
- Prepare a credit purchase journal
- Post a fees journal to the general ledger
- Post a purchases journal to the general ledger
- Describe the GST
What You Will Do- What is an accounting standard?
- What is an accounting convention?
- Explain the link between the concept of reliability and the principal of verifiability.
- Explain the link between the going concern assumption and accounting period convention.
- Explain the accounting entity convention.
- State the balance sheet equation in two different forms.
- Define the terms, assets, liabilities and proprietorship
- What is the difference between a T-form balance sheet and a narrative form balance sheet?
- Define the difference between a Ledger & Journal?
- Define source documents?
- Explain what a chart of accounts is and why is it used?
- What journals are used in an accounting system.
- Prepare a list of transactions in ledger accounts on double entry principles.
- Explain the purpose of the general journal for a business which uses special journals.
