Book Keeping involves recording financial transactions in various accounting books whereas the accounting process involves recording, interpreting, classifying, analyzing, reporting, and summarizing financial data. Recording financial transactions are the first part of the foundation of the accounting process. Here we will understand the fundamentals and the entire process of accounting for a sole proprietor.
The Pearson LCCI Level 1 Certificate in Bookkeeping (VRQ) qualification are established and valued by employers worldwide and recognized by professional bodies. Learners will learn bookkeeping course in accordance with the International Accounting Standards Board (IASB).
The qualification is intended for students who wish to acquire the essential skills and knowledge of maintaining business records by using books of original entry and double-entry bookkeeping and who are working, or preparing to work, in areas of business that will involve the recording of financial transactions.
What You Will Learn
All the basic fundamentals of accounting and detailed process of preparing the financial statement of a sole proprietor. Understanding of the basic principles underlying the recording of business transactions and maintaining the books of sole traders and prepare financial statements for them.
Benefits of Taking This Course
On completion of the course, your foundation in accounting will be stronger. You will understand the fundamentals of accounting and the entire process in which a sole trader would maintain his accounting records. with the help of:
- On Demand Video Lessons
- Downloadable resources such as notes and tutorial questions
- This course will foundation to any other higher-level accounting chapter as well because the basics always remain the same.
- Progression to the Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ)