IQ Academy : Bookkeeping Course

The purpose of this basic bookkeeping course is to give students a solid foundation in each of the different bookkeeping functions. This bookkeeping course covers the entire accounting cycle from the issuing of source documents right through to the determination of the business’ tax liability. The bookkeeping course will explore the following important bookkeeping topics: VAT regulations and calculations, cash and credit journals, general ledger entries, trial balance, year-end adjustments, annual preparation of the business income statement and balance sheet, salaries and wages and business income tax calculations. Whether you want to do this Bookkeeping Course in Cape Town, Durban, Johannesburg or anywhere in between, you will have equal access to our student support portals and related student services.

Course Type:

Business Short Courses

Department:

Finance and IT Courses

Cost:

R10,296.00

Course Payment Plan:

R429 x 24 months

Course Duration:

The course can be completed over 24 months (maximum), however, the average student should be able to complete the course within 12 months.

Course Objectives:

Describe and explain basic bookkeeping concepts, security and organisational ethics
Conduct Value Added Tax (VAT) transactions
Record cash and credit transitions in books of first entry (Journals)
Demonstrate an ability to manage debtors and creditors
Explain the reconciliation process, and demonstrating the ability to compile an initial trial balance
Prepare relevant documents for the payment of salaries, wages and PAYE
Demonstrate insight into financial year-end procedures
Compile financial statements as well as calculate tax payable to SARS

Entry Requirements:

Students, aged 16 or older, need to have completed Grade 9 (Std 7) as well as be able to read and write in English, which is used as the language of instruction.

Assesment Method:

One assignment will need to be completed for each of the six modules. A mark of at least 80% will be required to pass each assignment (unless otherwise stated in the assignment instructions). This bookkeeping course does not have any written exams.

Course Employment Field:

Bookkeeper for a small to medium size business
Junior Bookkeeper
Senior Bookkeeper
Payroll
Debtors or Creditors Clerk
Small Business Owners

Course Modules:

This course comprises the following modules:

Introduction to Bookkeeping
Financial Transactions
Debtors and Creditors Management
Reconciliation and the Trial Balance
Salaries and Wages
Financial Statements and Business Tax