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Basic Accounting Principles – learn accounting the easy way
An excellent training about Social Science
Accounting Crash Course
DescriptionThe training course will provide students with the necessary skills to understand the basic accounting principles and to compile financial records and interpret the financial statements. Students, financial clerks and entrepreneurs will be able to apply the basic accounting principles in their studies/work place/business. The course consists of 9 videos with examples and explanations. At the end of the training students should be able to: Understand the basic accounting principlesCompile financial recordsCompile financial statementsAnalyse financial statementsCourse OutlineWhat is accountingAccounting is mathematicsDouble entry systemExamplesValue Added Tax & Accounting CycleWhat is Value Added TaxCalculate VATExamplesAccounting cycleSales Journal, Purchase Journal & Petty CashSales journal, debtors ledger & general ledgerPurchase journal, creditors ledger & general ledgerPetty cash journal & general ledgerCash Book & Bank ReconciliationCash book journals, debtors ledger, creditors ledger & general ledgerBank reconciliationJournals & LoansGeneral journalDebtors journalCreditors journalLong term loansCalculate interestAccount for loansFixed AssetsAcquiring of assetsDisposal of assetsDepreciation calculationTrial Balance, Income Statement & Balance SheetPost from the general ledger to the trial balanceCompile and Income statement / statement of incomeCompile a balance sheet / statement of financial positionComprehensive ExerciseDetail discussion on how to account for transactions in an accounting system and to compile an income statement and balance sheet
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