Elements Of Book-Keeping I
- Management Sciences
- 100 level
- 2 credit units
- 75 pages
- 10 units
This course introduces the fundamental principles of bookkeeping, focusing on the practical recording of financial transactions. It covers the basics of bookkeeping, key accounting concepts and conventions, and the accounting equation. Students will learn to make entries into prime books, balance accounts, and prepare bank reconciliation statements. The course aims to equip students with the skills necessary for maintaining accurate financial records in a business environment.
About this course
- Difficulty
- Beginner
- Study hours
- 91 hours
- Maths
- Basic
- Content
- Theoretical, practical
- Practical work
- Yes
- Assignments
- Tutor Marked Assessments
- Final Examination
What you'll read
The real module and unit structure of ACC101, taken from the course material NOUN publishes.
- UNIT 1: THE CONCEPT OF BOOKKEEPINGPage 7
- UNIT 2: PRINCIPLES OF ACCOUNTING CONCEPTS AND CONVENTIONSPage 11
- UNIT 3: THE ACCOUNTING EQUATION AND ITS COMPONENTSPage 14
- UNIT 1: BASIC DOCUMENTSPage 18
- UNIT 2: BOOKS OF PRIME ENTRYPage 21
- UNIT 3: THE CASH BOOKPage 32
- UNIT 4: THE PETTY CASH BOOKPage 41
- UNIT 1: DOUBLE ENTRY SYSTEM OF ACCOUNTINGPage 45
- UNIT 2: THE BALANCING OF ACCOUNTS AND THE TRIAL BALANCEPage 51
- UNIT 3: BANK RECONCILIATION STATEMENTSPage 70
One paragraph, so you can see how it reads
ACC101 · UNIT 1: THE CONCEPT OF BOOKKEEPING
The employees responsible for bookkeeping should be informed of all the transactions well in time. All possible receipts and relevant documents should be provided in order to avoid any errors.
What you should be able to do
- Identify the basic parts of bookkeeping.
- Describe key rules and guidelines for bookkeeping.
- Explain accounting concepts and conventions.
- Describe the accounting equation and its components.
- Make entries into prime books of entry.
- Balance accounts and prepare a trial balance.
- Prepare bank reconciliation statements.