Professional Development

Self-Guided

Skill Level

Foundational

Lesson 1

Module 1

<h3 id="41936475-01d6-450a-827a-f644c08c29aa" data-toc-id="41936475-01d6-450a-827a-f644c08c29aa" style="font-size: 20px; line-height: 1.2;">Basic Bookkeeping – Foundations of Financial Tracking &amp; Recordkeeping</h3>Numbers are everywhere—on addresses, phone numbers, prices, and especially in the way we manage money. They connect nearly every aspect of our daily lives and play a critical role in how individuals and organizations make decisions. The Basic Bookkeeping course is designed to help participants better understand, manage, and work confidently with numbers in a practical, real-world context.Whether you are someone who enjoys working with numbers or someone who finds them intimidating, this course provides a supportive and structured introduction to the core principles of bookkeeping. It demystifies financial concepts and transforms numbers into meaningful information that can be used to track performance, manage budgets, and support informed decision-making.Throughout the course, participants will learn the fundamental concepts of bookkeeping, including how to record financial transactions, organize financial data, and maintain accurate records. Learners will explore key topics such as income and expenses, debits and credits, and the importance of maintaining balanced accounts. The course emphasizes clarity and simplicity, ensuring that even those with little to no prior experience can follow along and build confidence.Participants will also gain practical skills in maintaining financial records, understanding basic financial statements, and applying bookkeeping techniques in both personal and small business settings. Real-world examples and exercises are used to reinforce learning and demonstrate how bookkeeping supports everyday financial management.By the end of the course, participants will be able to:<ul><li>Understand the role and importance of bookkeeping in everyday life and business</li><li>Record and organize financial transactions accurately</li><li>Differentiate between income, expenses, assets, and liabilities</li><li>Apply basic bookkeeping principles such as debits and credits</li><li>Maintain simple financial records and track financial activity</li><li>Use bookkeeping knowledge to support better financial decisions</li></ul>This course is ideal for beginners, small business owners, administrative professionals, and anyone looking to build a strong foundation in financial literacy and bookkeeping. It serves as a stepping stone for more advanced accounting and finance topics.By developing a clearer understanding of numbers and how they function in financial systems, participants will gain confidence, reduce uncertainty, and develop a practical skill set that can be applied across both personal and professional environments.<hr><h3 id="8303b6ba-4617-4fa5-b0f3-54ee78b3ab4e" data-toc-id="8303b6ba-4617-4fa5-b0f3-54ee78b3ab4e" style="font-size: 20px; line-height: 1.2;">Basic Bookkeeping Course Outline</h3><table style="min-width: 25px;"><colgroup><col></colgroup><tbody><tr><td colspan="1" rowspan="1"><table style="min-width: 50px;"><colgroup><col><col></colgroup><tbody><tr><td colspan="1" rowspan="1">Module One: Getting Started<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Icebreaker</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Housekeeping Items</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">The Parking Lot</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Workshop Objectives</li></ul>Module Two: Basic Terminology (I)<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Balance Sheet</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Assets</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Liabilities</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Equity</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Income Statement</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Revenue</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Cost of Goods Sold</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Expenses</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Accounting Period</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Review</li></ul>Module Three: Basic Terminology (II)<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Accounts Receivable</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Accounts Payable</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Depreciation</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">General Ledger</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Interest</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Inventory</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Journals</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Payroll</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Trial Balance</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Review</li></ul>Module Four: Accounting Methods<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Cash Method</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Accrual Method</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Differences between Cash and Accrual</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Four: Review Questions</li></ul>Module Five: Keeping Track of Your Business<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Accounts Payable</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Accounts Receivable</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">The Journal</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">The General Ledger</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Cash Management</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Five: Review Questions</li></ul>Module Six: Understanding the Balance Sheet<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">The Accounting Equation</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Double-Entry Accounting</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Types of Assets</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Types of Liabilities</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Equity</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Six: Review Questions</li></ul></td><td colspan="1" rowspan="1">Module Seven: Other Financial Statements<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Income Statement</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Cash Flow Statement</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Capital Statement</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Budget vs. Actual</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Seven: Review Questions</li></ul>Module Eight: Payroll Accounting / Terminology<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Gross Wages</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Net Wages</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Employee Tax Withholdings</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Employer Tax Expenses</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Salary Deferrals</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Employee Payroll</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Employee Benefits</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Tracking Accrued Leave</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Government Payroll Returns/Reports</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Review</li></ul>Module Nine: End of Period Procedures<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Depreciating Your Assets</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Reconciling Cash</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Reconciling Investments</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Working with the Trial Balance</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Bad Debt</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Posting Adjustments and Corrections</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Nine: Review Questions</li></ul>Module Ten: Financial Planning, Budgeting and Control<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Reasons for Budgeting</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Creating a Budget</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Comparing Budget to Actual Expenses</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Ten: Review Questions</li></ul>Module Eleven: Auditing<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">What is an Audit?</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">When and Why Would You Audit?</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Internal</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">External</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Module Eleven: Review Questions</li></ul>Module Twelve: Wrapping Up<ul style="box-sizing: border-box; margin: 0px 0px 1em 20px; padding: 0px; list-style: outside disc;"><li style="box-sizing: border-box; margin-bottom: 0.4em;">Words from the Wise</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Parking Lot</li><li style="box-sizing: border-box; margin-bottom: 0.4em;">Action Plans and Evaluations</li></ul></td></tr></tbody></table></td></tr></tbody></table>

Numbers are everywhere and essential to everyday life. This Basic Bookkeeping course helps you understand and manage numbers with confidence, building practical skills to track finances, organize records, and support informed financial decisions.

Basic Bookkeeping

Eberechi Ugwu-Amole

Language

Level

Student

Course content

Course Description

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This Course Includes