Basic Accounting 2 – Online Short Course

NQF4 – US 117156 – 4 credits – Freight Forwarding and Customs Compliance

Field: Business, Commerce and Management Studies Sub-Field: Finance, Economics and Accounting.

THIS COURSE IS SELF PACED AND ALL ASSESSMENTS ARE ONLINE.

INTRODUCTION

The program is designed to provide non financial managers with a better understanding of  financial management and  empowers learners with enough understanding of the financial forces that affect the Decision making process. Delegates will be given the ability to interpret financial statements and use the information to make those financial decision.

TARGET AUDIENCE

The Online Training will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures and terminology.

WHAT THIS COURSE CAN DO FOR YOU…  

Understand the importance of financial management

Identify, solve problems and make financial decisions

Understand basic accounting principles and concepts

Analyse the elements of an income and expenditure statement

Analyse the elements of a balance sheet

Be able to compile a personal assets and liabilities statement

COURSE CONTENT

Accounting Concepts and Principles

Understand accounting principles and concepts

Understand entries in the general journal and ledger

Terms, language and concepts used in accounting

Depreciation

Principle of depreciation

Types of depreciation used in business

Calculating different types of depreciation

How depreciation affects the worth of a business

The Accounting Cycle

Understand the process of Accounting

The Accounting Cycle

Recording entries in the general ledger

Draw up and interpret a Trial Balance

The Income Statement

Components of an Income Statement

How to calculate gross profit

How to compile and interpret an Income Statement

Understand the link between Income Statement and Balance Sheet

The Balance Sheet

Components of the Balance Sheet

Compile and interpret a Balance Sheet

Ensure that the business is performing at its optimal level

The Working Capital Cycle

Components of working capital – assets, liabilities and net current assets.

Consequences of poor management of working capital

Improving the management of working capital

Understand the working capital cycle to assist a business in running profitably.

Cash Flow

Components of the cash flow statement.

Understand how to interpret the cash flow statement.

Duration 

This course is self-paced. You may begin at any time and should take approximately 8 weeks to complete on a part time basis. 

Course Approval

This course contributes a total of 4 credits towards the National Certificate: Freight Forwarding and Customs Compliance, SAQA Qualification ID: 59298 and is Transport Education Training Authority (TETA) accredited.

Course Delivery

The Basic accounting online short course is delivered through the School of Shipping Online Learning website.  A Subject Matter Expert will provide you with academic support through the learning website. A Course Coordinator will also be available on email/telephone to provide you with administrative support.

Assessment and Award of the Certificate

Each module has a formative and summative assessment which you will need to achieve a mark of 60% or higher for to receive the certification.

Entry Requirements

In order to do this course you will require:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Maths literacy and English or working experience
• A keen desire to learn and advance your career