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Accounting level 1

ACCOUNTING LEVEL 1

The Accounting Course Level 1 covers most of the simple and initial topics like debits and credits, accounting principles, accounting framework, the accounting equation and more.

ABOUT THE COURSE

The Accounting Course Level 1 covers most of the simple and initial topics like debits and credits, accounting principles, accounting framework, the accounting equation and more. Learn about the essential numerical skills required for accounting and bookkeeping. Some of the topics are introduction to bookkeeping and accounting, explains the fundamental rules of double-entry bookkeeping and how they are used to produce the balance sheet and the profit and loss account.

After completing this course, trainee should be able to:
1. Understand and apply the essential numerical skills required for bookkeeping and accounting.
2. Understand and explain the relationship between the accounting equation and double-entry bookkeeping.
3. Record transactions in the appropriate ledger accounts using the double-entry bookkeeping system.
4. Balance off ledger accounts at the end of an accounting period.
5. Prepare a trial balance, balance sheet and a profit and loss account.