Bookkeeping Level 1

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Easy

115 Lessons

20 Downloadable resource

Certificate of completion

Mandarin lesson

  • What You Will Learn

  • Requirements

  • Who is This Course For

  • What are the fundamentals & Basic  concepts to learn accounting
  • What is a procedure to prepare financial statement of a sole proprietor

Course Description

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.


Course Qualifications

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)

Bookkeeping Level 1

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Chapter 1: Books of Original Entry and Double Entry

10 Lessons

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Please download the notes for this chapter before you view the video lesson.

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Welcome to ACI Bookkeeping Level 1 CourseHere you will get to know the course outline and also get to know your lecturer for this course.

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This topic we will discuss about The Aim of Business

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This topic we will discuss about Type of Business Organization

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This topic we will discuss about Income Statement & Balance Sheet

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In this topic we will talk about the Objective of doing accounting

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In this topic we will discuss about The Accounting Equation

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This topic will learn about Main Elements of Financial Reports

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Good Work in Completing your Chapter 1 Video Lesson. Before going into the next chapter, please download the tutorial questions below to complete it to have a better understanding of the lessons in this chapter. Best if you can complete these questions before viewing our tutorial lessons

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Chapter 1 Tutorial Lesson Video is combine with Tutorial Lesson Chapter 2

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Chapter 2: Double Entry System

5 Lessons

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Please download the notes for this chapter before you view the video lesson for a better learning experience

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Please download the tutorial question and complete it before viewing the tutorial lessons

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Chapter 3: Recording Transaction by Double Entry

9 Lessons

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In this lesson you will learn about Purchase on Credit

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Chapter 4: Balancing Account & Bringing Down the Balance

4 Lessons

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Chapter 5: Preparation of Trial Balance

5 Lessons

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Chapter 6: Principal Documents in Business Transaction

12 Lessons

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Please download the tutorial question and complete it before viewing the tutorial lessons

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Chapter 7: Division of Ledger & Books of original Entry

4 Lessons

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Chapter 8: Purchase, Sales, Returns Outwards and Returns Inwards Day Books

7 Lessons

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Chapter 9: Cash Book & Petty Cash Book

8 Lessons

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Chapter 10: Bank Reconciliation Statement

7 Lessons

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Chapter 11: The Journal

6 Lessons

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Chapter 12: Introduction to Payroll

4 Lessons

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Chapter 13: Accounting For Payroll

4 Lessons

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Chapter 14: Preparation of Control Account

6 Lessons

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Chapter 15: Depreciation

4 Lessons

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Chapter 16: Income Statements of a Sole Trader

5 Lessons

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Chapter 17: Statements of Financial Position

5 Lessons

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Chapter 18: Treatment of Accrued and Prepaid Expenses and Other Considerations in the Financial Statements

6 Lessons

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Chapter 19: Accounting Concepts

4 Lessons

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About the Teacher

Mr Chan holds a Master Degree. And he has been teaching for 5 years. Currently he is our lecturer for LCCI Bookkeeping Level 1 & SQL Online Course.

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