Fundamental Bookkeeping

Fundamental Bookkeeping

The Fundamental Bookkeeping exam evaluates candidates' understanding and proficiency in basic bookkeeping principles and practices essential for maintaining accurate financial records for businesses. Bookkeeping involves recording financial transactions, maintaining ledgers, reconciling accounts, and preparing financial statements to track a company's financial health and facilitate decision-making. This exam covers topics such as double-entry bookkeeping, journal entries, trial balances, financial statements, and basic accounting principles.

Who Should Take the exam?

• Small Business Owners: Small business owners and entrepreneurs responsible for managing their company's financial records and accounts.
• Office Administrators: Office administrators, clerks, or assistants tasked with bookkeeping duties within organizations or businesses.
• Accounting Students: Students studying accounting or finance who want to develop foundational skills in bookkeeping and financial record-keeping.
• Entry-Level Accounting Professionals: Entry-level accounting professionals seeking to enhance their knowledge and proficiency in basic bookkeeping practices.
• Individuals Seeking Bookkeeping Jobs: Job seekers interested in pursuing careers in bookkeeping or accounting roles requiring fundamental bookkeeping skills.

Course Outline

The Fundamental Bookkeeping exam covers the following topics :-

• Module 1: Introduction to Bookkeeping
• Module 2: Understanding Double-Entry Bookkeeping System
• Module 3: Understanding Recording Financial Transactions
• Module 4: Understanding Posting Entries to General Ledger
• Module 5: Understanding Trial Balance Preparation
• Module 6: Understanding Adjusting Entries and Closing Entries
• Module 7: Understanding Financial Statements Overview
• Module 8: Understanding Income Statement Preparation
• Module 9: Understanding Balance Sheet Preparation
• Module 10: Understanding Statement of Cash Flows