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Bookkeeping Fundamentals Training


Cost: Contact us for quote.   Duration: 1 day


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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, attend a class today in Brisbane, Sydney, Parramatta, Melbourne, Adelaide, Canberra and Perth.

Please click on the Public Class tab below to view our Bookkeeping Fundamentals Training course schedule by city or click the In-House Training tab to receive a free quote for courses delivered at your preferred location.

Course Foreword

Keep your skills current with this sought-after Bookkeeping Fundamentals course. Bookkeeping is the heart of any business. Without it, we cannot hope to keep track of the revenues and expenses that are the foundation of any business.


Gain excellent skills in using various accounting procedures and maintain your books efficiently and effectively for the success of your business. On completion of this one day course, you will have a sound knowledge about the basic steps and techniques used in bookkeeping, including identifying the differences between cash & accrual accounting methods and helpful tips for the employer, as well as other topics related to a commercial environment.


Course Outcomes

In this course participants will:

  • 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

Bookkeeping Fundamentals Training Course - Lesson 1
Introduction
  • Workshop Objectives
Bookkeeping Fundamentals Training Course - Lesson 2
Basic Terminology (I)
  • Balance Sheet
  • Assets
  • Liabilities
  • Equity
  • Income Statement
  • Revenue
  • Cost of Goods Sold
  • Expenses
  • Accounting Period
Bookkeeping Fundamentals Training Course - Lesson 3
Basic Terminology (II)
  • Accounts Receivable
  • Accounts Payable
  • Depreciation
  • General Ledger
  • Interest
  • Inventory
  • Journals
  • Payroll
  • Trial Balance
Bookkeeping Fundamentals Training Course - Lesson 4
Accounting Methods
  • Cash Method
  • Accrual Method
  • Differences between Cash and Accrual
Bookkeeping Fundamentals Training Course - Lesson 5
Keeping Track of Your Business
  • Accounts Payable
  • Accounts Receivable
  • The Journal
  • The General Ledger
  • Cash Management
Bookkeeping Fundamentals Training Course - Lesson 6
Understanding the Balance Sheet
  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity
Bookkeeping Fundamentals Training Course - Lesson 7
Other Financial Statements
  • Income Statement
  • Cash Flow Statement
  • Capital Statement
  • Budget vs. Actual
Bookkeeping Fundamentals Training Course - 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
Bookkeeping Fundamentals Training Course - Lesson 9
End of Period Procedures
  • Depreciating Your Assets
  • Reconciling Cash
  • Reconciling Investments
  • Working with the Trial Balance
  • Bad Debt
  • Posting Adjustments and Corrections
Bookkeeping Fundamentals Training Course - Lesson 10
Financial Planning, Budgeting and Control
  • Reasons for Budgeting
  • Creating a Budget
  • Comparing Budget to Actual Expenses
Bookkeeping Fundamentals Training Course - Lesson 11
Auditing
  • What is an Audit?
  • When and Why Would You Audit?
  • Internal
  • External
Bookkeeping Fundamentals Training Course - Lesson 12
Wrapping Up
  • Words from the Wise