2. asic
Difficulty Level – Basic to Advanced
To do this course, you must have the following skillsets:
Basic knowledge of:
Accounting
Principles
Accounting Terms
Accounting
Standards
Accounting
Policies
3. Participants
will be able to
implement:
Course Objectives
• Understand bookkeeping, objectives and advantages
• Bookkeeping and how it ties in with accounting
• Understand basic accounting terms
• Understand rules of accounting
• Double entry system
• Understand journal, ledger, trial balance and final accounts
preparation
• Explain assets, liabilities, revenue and expenditure
• To learn the process of making adjustments in books
• To prepare financial statements
4. What will you learn in this course?
Preparation of
journal entries,
ledgers , trial
balances &
financial
accounts
Basic
accounting
concepts &
double entry
system of
bookkeeping
Understand
accounting
assumptions,
concepts,
principles &
rules
Process of
making
adjustments in
books &
closure of
accounts
5. Are there any course requirements or prerequisites?
Basic Accounting Knowledge would
be an added benefit { ex: golden
rules of accounting}
6. Who are the target students?
Student, professional or businessman who want to have
proper knowledge of all the fundamentals of accounting
7. By the end of the course, you will have the following skill sets
Hands-on regarding practical and real-life
scenario of bookkeeping system and preparation
of financial statements
8. Course Contents
• Introduction of book-keeping and accountancy
• Basic accounting terminologies
• Accounting concepts, conventions and principles and Indian accounting standards concepts and objectives
• Meaning and fundamentals of double entry book-keeping system
• Classification of accounts and accounting equations rules
• Source documents required for accounting
• Journal
• Subsidiary books
• Ledger
• Bank reconciliation statement
• Trial balance
• Errors and their rectification
• Depreciation, provisions and reserves
• Balance sheet items
• Cash flow
• Case study
