Course Outline

PART1- INTRODUCTION TO ACCOUNTING FUNDAMENTALS

  1. Introduction to Accounting Principles
  • The Accounting Equation
  • Understanding Debits/Credits
  • Preparing Chart of Accounts
  • Establishing Nominal Accounts
  • Posting transactions to Nominal Accounts from Source Documents
  • Balancing Nominal Accounts & understanding what balances represent
  • Impact of Accounting Software Programmes

2.  Accounts Payable

  • Preparing Purchase Orders & Verifying versus Suppliers’ Invoices
  • Entering Suppliers’ Invoices in the books of accounts
  • Introduction to GCT Input Tax
  • Generating A/P Reports
  • Understanding Cheque Requisition & Cheque payment systems
  • Applying A/P Payments to Suppliers’ Accounts
  • A/P Reconciliations

3. Accounts Receivable

  • Applying Customers’ Purchase Orders to Customers’ Invoices
  • Preparing Sales Invoices
  • Introduction to GCT Output Tax
  • Applying Customer’s Payments to Outstanding Invoices
  • Generating A/R Reports
  • A/R Reconciliations

 

4. General Accounting Transactions

  • Introduction to GCT Returns Preparation
  • General Journal Entries (Including accounting for Accruals & Prepayments)
  • Internal Control procedures
  • Preparing Bank Reconciliations
  • Extracting the Trial Balance
  • Generating Financial Statements – A basic introduction

 

Contact Us

Visit: Suite 3, 3 Beechwood Avenue, Kingston 5 | Phone: 876-929-2779 / 383-7392 | Email: advancedaccountingltd@yahoo.com

At the end of each module within the Course, students will take an interactive assessment to demonstrate understanding of the knowledge that they have just learnt, followed by a comprehensive test on completion of the entire course. These assessments will provide an effective tool for reflective learning and feedback

PART 2 – QUICKBOOKS ACCOUNTING

In this part of the course you will be taught how to accomplish the tasks learnt in Part 1 using the QuickBooks software.

 

COURSE DURATION: 10 weekly sessions

 

FEE: $60,000.00 (For Parts 1 & 2, GCT included)

Practical Accounting PA

$273.00
This course is about Practical Accounting. This DOES NOT include the QuickBooks training component.

This Course is tutored by Advanced Accounting Training

Practical Accounting With QuickBooks PA/QB

$410.00
This course is about Practical Accounting, but with the Quickbooks training component added in.

This Course is tutored by Advanced Accounting Training