Demonstrate an understanding of basic accounting practices

(This Unit Standard course is aligned to: General Education and Training Certificate:  Business Practice)

SAQA I.D. 61755 NQF Level: NQF Level 01

Unit Standard: 13999

Number of credits:  4

Introduction

BOTI offers accounting training, basic accounting courses and accounting training courses.  Book your seat now on BOTI’s Unit Standard course:  Demonstrate an understanding of basic accounting practices.  BOTI offers business training programmes across South Africa.

Course outline

This Unit Standard course focuses on the basics of accounting practice with emphasis on:

• Accounting transactions
• Accounting terminology
• Assets, Liabilities, Owners Equity, Income, Expenditure, Receipts, Payments, Profits etc.
• Source documents, subsidiary journals, ledger, trial balance, final accounts
• Receipts, invoices, petty cash vouchers, cheque counterfoils, etc.
• The concept subsidiary journal is explained.
• Explain the purpose of each subsidiary journal.
• Receipts to cash receipts journal, cheque counterfoils to cash payments journal, petty cash vouchers to petty cash journal, etc.
• The correct recording of entries from the source documents into subsidiary journals is demonstrated.
• The understanding of closing the subsidiary journals at the end of each month is demonstrated.
• The purpose of the general ledger is explained.
• The sections of the general ledger is explained
• The understanding of the posting from the subsidiary journal is explained, and demonstrated.
• The final statements of business’ are identified and explained.
• The understanding to complete an income statement from the given information is demonstrated.
• The understanding to complete a balance sheet from the given information is demonstrated.

Upon successful completion of this course you will be able to:

• Demonstrate an understanding of basic accounting skills.

BOTI offers accounting training, basic accounting courses and accounting training courses.  Book your seat now on BOTI’s Unit Standard course:  Demonstrate an understanding of basic accounting practices.  BOTI offers business training programmes across South Africa.

Prior learning requirements

Numeracy ABET Level 3.

Course outcomes

• Prepare the final statements.
• Prepare subsidiary journals.
• Explain and demonstrate an understanding of source document
• Post subsidiary journals to the general ledger.
• Explain the purpose of each subsidiary journal.
• Explain the cycle of recording transactions and relevant terminology.

BOTI offers accounting training, basic accounting courses and accounting training courses.  Book your seat now on BOTI’s Unit Standard course:  Demonstrate an understanding of basic accounting practices.  BOTI offers business training programmes across South Africa.

Demonstrate an understanding of basic accounting practices

SAQA I.D. 62755 NQF Level: NQF Level 01

Unit Standard:  13999

Course duration

3 days

Who should attend:  Demonstrate an understanding of basic accounting practices course

This course is aimed at individuals who wish to expand their knowledge of accounting practices.

**Quote does not include Any Exam Fees (if applicable)

IMPORTANT ACTION: Do Not Wait To Improve Your Skills.  

Book Now By Completing Online Booking Form / Customised Proposal or Obtain Approval For Your Already Received Customised Proposal

BOTI also offers:  Produce a business plan for a new venture (New Venture Creation (SMME)

Match new venture opportunity to market needs

BOTI offers accounting training, basic accounting courses and accounting training courses.  Book your seat now on BOTI’s Unit Standard course:  Demonstrate an understanding of basic accounting practices.  BOTI offers business training programmes across South Africa.