Elements Of Book-Keeping I

1. Identify the basic parts of bookkeeping.
2. Describe key rules and guidelines for bookkeeping.
3. Explain accounting concepts and conventions.
4. Describe the accounting equation and its components.
5. Make entries into prime books of entry.
6. Balance accounts and prepare a trial balance.
7. Prepare bank reconciliation statements.

13 weeks, about 91 hours in total. Yours will differ.

1. Week 1Module 1: Concepts and Principles of Accounting

   • Unit 1: The Concept of Bookkeeping · 4 hours

     Read Unit 1: The Concept of Bookkeeping, focusing on the basics and key rules.. Complete the self-assessment exercise to test your understanding of bookkeeping methods..

   • Unit 1: The Concept of Bookkeeping · 3 hours

     Review the key rules and guidelines for maintaining financial records.. Practice documenting financial transactions and tracking expenses..

2. Week 2Module 1: Concepts and Principles of Accounting

   • Unit 2: Principles of Accounting Concepts and Conventions · 4 hours

     Study Unit 2: Principles of Accounting Concepts and Conventions, focusing on business entity and going concern concepts.. Understand the importance of uniformity in accounting practices..

   • Unit 2: Principles of Accounting Concepts and Conventions · 3 hours

     Review accounting conventions such as conservatism, full disclosure, and materiality.. Complete the tutor-marked assignment to reinforce your understanding..

3. Week 3Module 1: Concepts and Principles of Accounting

   • Unit 3: The Accounting Equation and its Components · 4 hours

     Study Unit 3: The Accounting Equation and its Components, focusing on assets, liabilities, and capital.. Practice applying the accounting equation to different business scenarios..

   • Unit 3: The Accounting Equation and its Components · 3 hours

     Distinguish between revenue expenditure and capital expenditure.. Complete the self-assessment exercise to test your understanding..

4. Week 4Module 2: Documentation

   • Unit 1: Basic Documents · 4 hours

     Study Unit 1: Basic Documents, focusing on invoices, debit notes, and credit notes.. Understand the purpose and use of each basic document in credit transactions..

   • Unit 1: Basic Documents · 3 hours

     Distinguish between bookkeeping and accounting.. Complete the tutor-marked assignment to reinforce your understanding..

5. Week 5Module 2: Documentation

   • Unit 2: Books of Prime Entry · 4 hours

     Study Unit 2: Books of Prime Entry, focusing on sales day book and purchase day book.. Practice recording transactions in the sales day book and purchase day book..

   • Unit 2: Books of Prime Entry · 3 hours

     Understand the use of sales return day book and purchase returns day book.. Complete the tutor-marked assignment to reinforce your understanding..

6. Week 6Module 2: Documentation

   • Unit 3: The Cash Book · 4 hours

     Study Unit 3: The Cash Book, focusing on two-column and three-column cash books.. Practice posting cash transactions from source documents to the cash book..

   • Unit 3: The Cash Book · 3 hours

     Understand the treatment of trade discounts and cash discounts.. Complete the tutor-marked assignment to reinforce your understanding..

7. Week 7Module 2: Documentation

   • Unit 4: The Petty Cash Book · 4 hours

     Study Unit 4: The Petty Cash Book, focusing on the imprest system.. Practice postings in the petty cash book..

   • Unit 4: The Petty Cash Book · 3 hours

     Understand the columnar petty cash book.. Complete the tutor-marked assignment to reinforce your understanding..

8. Week 8Module 3: Entries and Balancing of Accounts

   • Unit 1: Double Entry System of Accounting · 4 hours

     Study Unit 1: Double Entry System of Accounting, focusing on the double aspect of transactions.. Understand the double effect of a transaction on the finances of a business..

   • Unit 1: Double Entry System of Accounting · 3 hours

     Apply the golden rules of double-entry accounting.. Complete the tutor-marked assignment to reinforce your understanding..

9. Week 9Module 3: Entries and Balancing of Accounts

   • Unit 2: The Balancing of Accounts and the trial Balance · 4 hours

     Study Unit 2: The Balancing of Accounts and the Trial Balance, focusing on the ledger.. Practice balancing and closing ledger accounts..

   • Unit 2: The Balancing of Accounts and the trial Balance · 3 hours

     Prepare a trial balance from the ledger or a list of ledger account balances.. Complete the tutor-marked assignment to reinforce your understanding..

10. Week 10Module 3: Entries and Balancing of Accounts

    • Unit 3: Bank Reconciliation Statements · 4 hours

      Study Unit 3: Bank Reconciliation Statements, focusing on bank statements and reconciliation.. Understand why the bank balance obtained from the cash book differs from the bank statement..

    • Unit 3: Bank Reconciliation Statements · 3 hours

      Prepare the bank reconciliation statement to agree with the two balances.. Complete the tutor-marked assignment to reinforce your understanding..

11. Week 11Module 1: Concepts and Principles of Accounting

    • Unit 3: The Accounting Equation and its Components · 7 hours

      Review Module 1: Concepts and Principles of Accounting.. Focus on understanding the accounting equation and its components..

12. Week 12Module 2: Documentation

    • Unit 4: The Petty Cash Book · 7 hours

      Review Module 2: Documentation.. Focus on understanding the books of prime entry and their uses..

13. Week 13Module 3: Entries and Balancing of Accounts

    • Unit 3: Bank Reconciliation Statements · 7 hours

      Review Module 3: Entries and Balancing of Accounts.. Focus on understanding the double entry system and bank reconciliation statements..