Bookkeeping Course

Course Description

The bookkeeping short course is a strong foundation learning course where students will learn the principles of bookkeeping within an organizational context.

The successful student will have a thorough theoretical knowledge of the underlying bookkeeping principles and be in a position to understand and record financial transactions, to analyse and able to present financial information in a concise management accounts style.

Students will have an understanding of the relationship between financial and bookkeeping functions to business functions.

Ethics in the financial accounting and bookkeeping professions are emphasized and all students will be fully aware of their responsibilities and fiduciary duties as a bookkeeper.

The bookkeeping course is divided in 6 modules and an assignment needs to be completed after each module. The outcome is assignment based with no examinations.

Module/Course list

An introduction to Bookkeeping

Financial transactions

Management of debtors and creditors

Reconciliation and trial balance

Salaries and wages

Financial statements and business tax

Course Outcome

• Describe and explain basic bookkeeping concepts, security and organisational ethics
• Conduct Value Added Tax (VAT) transactions
• Record cash and credit transitions in books of first entry (Journals)
• Demonstrate an ability to manage debtors and creditors
• Explain the reconciliation process, and demonstrating the ability to compile an initial trial balance
• Prepare relevant documents for the payment of salaries, wages and PAYE
• Demonstrate insight into financial year-end procedures
• Compile financial statements as well as calculate tax payable to SARS

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