After successfully completing this course, candidates will be able to demonstrate an understanding
of:

• The Accounting Equation and the basis of double-entry book-keeping
• The preparation of journal entries and ledger accounts by using the double entry system
• The preparation of prime entry records for purchases, sales and cash
• The preparation of journal entries
• The preparation of a trial balance and the final accounts for sole traders
• Banking facilities, the operation of the cash book and preparation of a bank reconciliation
• Book-Keeping Essentials
• Understanding of the basic principles underlying the recording of business transactions
• Able to maintain the books of, and prepare final accounts for, sole traders

Course Outline

The aims of this qualification are to enable candidates to develop an understanding of the basic
principles underlying the recording of business transactions, and the ability to maintain the books
of, and prepare final accounts, for sole traders. This includes the record of double-entry
bookkeeping of simple transactions concerning the purchase and sale of goods and the receipt and
payment of cash . This certificate is suitable for candidates who work or wish to work in areas of
business that will involve the recording of financial transactions. All businesses require accurate
accounting records that are maintained on a regular basis. Consequently, there is a demand for
employees who possess these skills.

Topics

• The Accounting Equation and the basis of double-entry book-keeping Recording
• transactions through double entry
• Balancing accounts
• Purchases/Sales/Returns The
• Ledger: its subdivision Day
• Books
• Bank facilities/methods of payment or receipt of money Cash
• Book and cash discount
• Bank reconciliation
• Petty Cash Book and the Imprest System Trial
• Balance
• Trading and Profit and Loss