INFORMATION PACK

INTRODUCTION TO BOOKKEEPING ONLINE SHORT COURSE

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THE NEED FOR THIS COURSEHave you ever wondered how the number in a set of annual financial statements gets determined? Or how a business is valued, from a simple supermarket to a listed multinational company? Well, the beginning of this process starts with something as small as a source document from a simple transaction that needs to be recorded. How we document all these transactions is through a process called bookkeeping. This short online course provides students with the fundamental aspects of the bookkeeping process.

ABOUT YOUR SUBJECT MATTER EXPERT

Samiah Fakier studied a B.Com Accounting Degree at UCT and completed her Post Graduate Diploma in Accounting at UCT in 2011. She is currently a manager in an International Financial Reporting Standards (IFRS) technical position where she assists audit teams and clients, as well as trains them on the latest amendments and upcoming IFRS standards. After completing her articles and qualifying as a Charted Accountant, Samiah knew she wanted to teach and assist through lecturing. Her goal is to ultimately lecture at a higher education institution and assist students making their way through their accounting journey.

ABOUT YOUR ONLINE COURSE LECTURERThis course will be facilitated by an industry subject matter expert who has years of experience and knowledge. The Online Course Lecturer will introduce you to the valuable aspects of bookkeeping.

COURSE INTRODUCTION AND MODULE LIST Welcome to the Introduction to Bookkeeping Online Short Course. By the end of this course you should be able to do the following:

• Define the role of a bookkeeping professional and the activities that it entails • Develop a journals and ledger process• Compile statutory documentation for VAT purposes as well as payroll functions• Construct a pre-adjusted and post-adjusted trial balances• Apply and perform reconciliation which is part of the process to balance books

MODULE 0 WEEK 1Orientation Module:

• Navigating the Virtual Learning Environment

MODULE 1 WEEK 2The Fundamentals of Bookkeeping:

• Describe the purpose of bookkeeping• Explain when revenue and expenses are recognised (cash and accrual systems)• Describe the requirements for final accounts• Define the elements of financial statements• Apply the principles of double entry bookkeeping in terms of the basic accounting equation

MODULE 2 WEEK 3Journals:

• Identify different source documents • Differentiate between debit and credit transactions

DISCLAIMER: Although the authors/subject matter experts, producer (emotion studios), Damelin, Damelin Online, Educor Holdings (Pty) Ltd and any of its affiliates and associates have made every effort to ensure that the information in these course notes and video presentations was correct at time of publishing, the authors/subject matter experts, producer (emotion studios), Damelin, Damelin Online, Educor Holdings (Pty) Ltd and any of its affiliates and associates, do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by errors and/or omissions and/or mistakes, whether such errors and/or omissions and/or mistakes result from any cause whatsoever including, but not limited to, negli-gence, accident, error, omissions, mistakes and/or any other cause. USAGE: All names, marks and references are strictly for illustrative and comparative purposes only.

INTRODUCTION TO BOOKKEEPING

Course Prerequisites:In order to get the full benefit from this course, you require the following:

» Computer/Laptop/Mac/Tablet » Stable internet connection » Firefox/Internet Explorer/Chrome web browser (latest version)

» Adobe Acrobat, or similar PDF viewer » Microsoft Word/Pages (ability to export documents as PDF files)

» Email/Cell phone for notifications and communication

Learning platform:Virtual Learning Environment

Effort: Approximately 4-5 hours per week

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Duration of course: 10 weeks online

Subject Matter Expert:

Samiah Fakier

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COURSE CODE: 18_HE_CA_FT_CT_ITB_01

INTRODUCTION TO BOOKKEEPING

• Explain the purpose of journals in the bookkeeping function• Record transactions in journals

MODULE 3 WEEK 4Value Added Tax (VAT):

• Explain the concept of VAT and requirements for statutory compliance• Calculate VAT for cash and credit transactions according to rules and rates defined by South

African legislation requirements• Set up and maintain VAT records according to legislative policies and procedures• Complete VAT returns and relevant documentation for submission to the Receiver of

Revenue

MODULE 4 WEEK 5Inventory Control:

• Explain when to recognise inventory• Describe measurement of inventory• Record inventory transactions in accordance with chosen method (perpetual / periodic)• Calculate cost of goods sold when using the periodic inventory system• Reconcile an inventory control account

MODULE 5 WEEK 6Debtors and Creditors:

• Identify source documents for credit sales and credit purchases• Record credit transactions for sales and purchases in appropriate journals• Post credit related transactions to ledger accounts• Maintain debtors and creditors accounts

MODULE 6 WEEK 7The General Ledger:

• Prepare general ledger accounts• Post journal entries to the general ledger• Balance the general ledger accounts• Close the profit and loss account with reference to the trade account and profit and loss

account

MODULE 7 WEEK 8Payroll:

• Calculate gross salaries and wages using attendance registers, time record and/or productivity schemes

• Keep adequate record required through statutory and organisational deductions• Complete payslips, reflecting statutory deductions• Prepare documentation for payment of salaries and wages• Correlate information for IRP5 forms

MODULE 8 WEEK 9Balancing the Books:

• Compile bank reconciliation statements in line with accepted financial practices• Prepare a creditors reconciliation statement• Draft a trial balance• Prepare adjusting entries

MODULE 9 WEEK 10Wrap Up:

• Synthesise your learning journey experience• Evaluate the course

With the freedom that online education brings, Damelin Online students can upskill in their own time, from almost anywhere on earth. Well, anywhere where the internet is accessible, that is. But although our students may roam far and wide, they are never far out of our mind.

Each course is assigned its own Online Academic Tutor, who is ready and waiting to guide and assist their learners throughout their learning experience.

The Online Academic Tutor who is assigned to your course, is trained to build each student up to reach their fullest potential. Students can expect their Online Academic Tutor to answer questions, offering advice and provide further clarification on any academic aspects.

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COURSE CODE: 18_HE_CA_FT_CT_ITB_01

INTRODUCTION TO BOOKKEEPING

COURSE DELIVERY

• Virtual Learning Environment • Module notes• Videos• External URLs• Quizzes• Assignments• Feedback• Forum discussions• Webinars• Academic Support

This course is presented through an interactive learning platform – our Virtual Learning Environment. You are encouraged to refer to external URLs for a broader understanding, and complete the quizzes in order to test your own grasp of each module.

Feedback on your assignments will deepen your learning experience, and your participation in the discussion forum and webinars with fellow students, brings the classroom into your space.

COURSE ASSESSMENT

There are quizzes throughout the course that will allow you to test your own knowledge and help evaluate your own understanding of the course material. Any areas of misunderstanding can be discussed on the forums or directly with your Online Course Lecturer (OCL) or Online Academic Tutor. Each module is accompanied by an assignment, which is made up of a number of tasks. You will be able to submit your assignments once you have completed your course notes, watched the videos and attempted the quiz questions. Once you have submitted your assignment you will receive feedback and a mark from your OCL. Throughout the course, you are encouraged to engage on the interactive discussion forums, between fellow students and the OCL.

CERTIFICATION

Upon successful completion of your course you will be awarded a Damelin Online certificate.

Register

Registration:+27 860 007 778info@damelinonline.co.za

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