Master accounting basics, from double entry bookkeeping to trial balance, ensuring sound financial understanding.

What you will learn

Define accounting and its role in business operations, including the importance of accurate financial record-keeping.

Identify and differentiate between the various types of business organizations, such as sole proprietorships, partnerships, and corporations.

Explain the principles of double entry bookkeeping and its significance in maintaining accurate financial records.

Demonstrate the ability to balance ledger accounts by recording transactions, applying debits and credits, and ensuring consistency with the accounting equation

Recognize common source documents used in accounting, such as invoices, receipts etc and understand their significance in recording transactions

Define key financial terms including assets, liabilities, and equity, and explain how they contribute to the accounting equation (Assets = Liabilities + Equity)

Describe the purpose and importance of the trial balance in the accounting process, including its role in detecting errors and ensuring accuracy.

Identify common errors that affect the balancing of the trial balance and distinguish them from errors that don’t affect the trial balance


Embark on a foundational journey into accounting essentials with our course. In this course, you will learn the purpose of accounting, differentiating between financial and management accounting, and exploring various types of business organizations. You will also gain proficiency in double entry bookkeeping, balancing ledger accounts, understanding the meaning and types of assets, liabilities and equity and derivation of the accounting equation. You will also be able to identify & interpreting source documents. You will explore gain an understanding of the meaning, purpose and format of the trial balance and errors. Through engaging lessons and examples, you’ll develop the skills needed to navigate the complexities of financial record-keeping with confidence.

This course is designed for beginners seeking a solid understanding of financial principles or individuals looking to enhance their skills in accounting. Whether you’re a student, entrepreneur, or aspiring professional, the knowledge gained from this course will be invaluable in your journey towards financial literacy.

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With a focus on practical application, you’ll learn how to apply accounting concepts to various scenarios encountered in business operations. By the end of the course, you’ll emerge with the essential knowledge and skills to excel in accounting roles and make informed financial decisions. Don’t miss this opportunity to lay a strong foundation for your future success in the world of finance.



Understand the Fundamentals of Accounting

Introduction to Accounting
Types of business organisations

Introduction to double entry bookkeeping and ledger balancing

Double entry bookkeeping basics with a worked example
Balancing ledger accounts

Source documents

Types of source documents used in businesses

Essential Elements: Assets, Liabilities, Equity, and the Accounting Equation

The accounting equation

Balancing Act: Introduction to the Trial Balance

Meaning, purpose & format of a trial balance
Preparation of a trial balance – worked example
Errors that affect & those that don’t affect the balancing of the trial balance