Practical Bookkeeping (E-learning)

 

Practical Bookkeeping

 

Overview

The Practical Bookkeeping CPD Course is designed to provide participants with the essential knowledge and hands-on skills required to accurately record, organize, and manage financial transactions within a business environment. This course introduces fundamental bookkeeping principles, accounting terminology, and practical financial procedures used in day-to-day business operations.

Participants will learn how to maintain journals and ledgers, process accounts payable and receivable, prepare trial balances, reconcile bank statements, and understand the preparation of basic financial statements. The course also covers payroll fundamentals, VAT concepts, budgeting, and the use of computerized accounting systems.

Through practical exercises, case studies, and real-world bookkeeping scenarios, learners will develop the confidence to manage financial records effectively and support sound business decision-making. This course is ideal for aspiring bookkeepers, administrative professionals, entrepreneurs, finance assistants, and anyone seeking a strong foundation in bookkeeping and accounting practices.

Course Objectives

By the end of this course, participants will be able to:

• Understand the principles and purpose of bookkeeping
• Apply double-entry bookkeeping principles
• Record financial transactions accurately
• Maintain journals, ledgers, and cashbooks
• Manage accounts payable and accounts receivable
• Prepare trial balances and basic financial statements
• Perform bank reconciliations
• Understand payroll and VAT fundamentals
• Use bookkeeping software for financial recordkeeping
• Maintain accurate and compliant financial records

Target Audience

This course is suitable for:

• Administrative and office professionals
• Finance and accounting assistants
• Small business owners and entrepreneurs
• Entry-level bookkeepers
• Individuals seeking a career in bookkeeping
• Professionals requiring bookkeeping knowledge for business operations

Course Duration

3 to 5 Days
(Equivalent CPD Hours may vary depending on delivery mode)

Course Outline

Module 1: Introduction to Bookkeeping

• Definition and importance of bookkeeping
• Role of a bookkeeper
• Accounting vs. bookkeeping
• Types of business transactions
• The bookkeeping cycle
• Basic accounting terminology

Module 2: Basic Accounting Principles

• Accounting equation
• Understanding assets, liabilities, and equity
• Revenue and expenses
• Introduction to double-entry bookkeeping
• Debit and credit rules
• Chart of accounts

Module 3: Journals and Ledger Management

• Source documents and financial records
• Recording transactions in journals
• Sales journal
• Purchase journal
• Cash receipts journal
• Cash payments journal
• Posting entries to the general ledger
• Subsidiary ledgers

Module 4: Cashbook and Banking Procedures

• Petty cash management
• Cashbook maintenance
• Bank deposits and withdrawals
• Bank reconciliation procedures
• Identifying and correcting discrepancies

Module 5: Accounts Payable and Accounts Receivable

• Managing supplier accounts
• Managing customer accounts
• Credit sales and purchases
• Invoice preparation and recording
• Aging analysis
• Collection and payment procedures

Module 6: Trial Balance and Financial Statements

• Preparing a trial balance
• Identifying and correcting errors
• Adjusting entries
• Introduction to financial statements
• Income statement
• Balance sheet
• Cash flow basics

Module 7: Payroll and VAT Fundamentals

• Introduction to payroll processing
• Employee earnings and deductions
• Payroll records and controls
• Introduction to VAT concepts
• VAT calculations and recording
• Compliance and documentation requirements

Module 8: Computerized Bookkeeping

• Introduction to accounting software
• Setting up company accounts
• Recording electronic transactions
• Generating financial reports
• Data accuracy and backup procedures

Module 9: Budgeting and Financial Control

• Purpose of budgeting
• Preparing a simple business budget
• Monitoring expenses and cash flow
• Financial controls and internal checks
• Preventing common bookkeeping errors

Module 10: Practical Bookkeeping Workshop

• Hands-on bookkeeping exercises
• Recording daily business transactions
• Ledger posting practice
• Trial balance preparation
• Bank reconciliation practice
• Preparation of simple financial statements
• Case study and final practical assessment

Training Methodology

The course includes:

• Interactive presentations
• Practical bookkeeping exercises
• Case studies and simulations
• Group discussions
• Individual assessments and activities

Certification

Participants who successfully complete the course will receive a CPD Certified Certificate in Practical Bookkeeping.