Review of Bookkeeping Fundamentals
Presenters : Russel Ngobeni
Overview
Join Russel Shinyawani-Ngobeni, a seasoned Business Accountant in Practice and General Tax Practitioner, as he leads a comprehensive session on the fundamentals of bookkeeping. This webinar will explore the essential aspects of bookkeeping, including the critical differences between bookkeeping and accounting, and a detailed overview of key bookkeeping terms such as assets, liabilities, and equity. Russel will also guide you through the entire bookkeeping cycle, from identifying and recording transactions to preparing financial statements.
In addition, the webinar will cover advanced topics such as adjusting entries, subsidiary journals, and the differences between cash and accrual accounting. Whether you're new to bookkeeping or looking to refresh your knowledge, this session will provide valuable insights and practical skills to help you maintain accurate financial records.
Learning objectives
By attending this webinar you will gain the following competencies:
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Understand the key differences between bookkeeping and accounting.
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Understand the Steps in the Bookkeeping Cycle
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Understand the basic principles and purpose of VAT.
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Understand the importance of source documents in verifying financial transactions.
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Understand the purpose and function of subsidiary journals in bookkeeping.
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Learn the fundamental differences between cash basis and accrual basis accounting, including how and when transactions are recorded under each method.
Content
The webinar will cover the following topics:
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Understanding the Difference Between Bookkeeping and Accounting
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The Bookkeeping Cycle
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Key Aspects of Bookkeeping
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Primary Methods of Recording Financial Transactions (Including Scenario Examples)
