IATA Certified Courses
Basic BookKeeping – CPD Certified
- 21 (Registered)

Course Overview
GOAL: Numbers! Numbers! Numbers! Wherever you go, you are bound to see them. On addresses, license plates, phones, prices, and of course, money! Numbers connect us all to each other in many more
ways than we might imagine. Essentially, our world revolves around numbers. Some of us enjoy dealing with numbers while others may have a fear of them or even a phobia. For those of you who have already recognized and appreciate the impact that numbers actually have on just about everything, you deserve a cookie. Welcome to Basic Bookkeeping.
Objectives
- Understand basic accounting terminology.
- Identify the differences between the cash and accrual accounting methods.
- Keep track of your business by becoming familiar with accounts payable and accounts receivable.
- Use a journal and general ledger to document business financials.
- Utilize the balance sheet.
- Identify different types of financial statements.
- Uncover the reasons for and actually create a budget.
- Be familiar with internal and external auditing.
Curriculum
- Module One: Getting Started
- Workshop Objectives
- Module Two: Basic Terminology (I)
- Balance Sheet Assets
- Liabilities
- Equity
- Income Statement Revenue
- Cost of Goods Sold Expenses Accounting Period
- Module Three: Basic Terminology (II)
- Accounts Receivable
- Accounts Payable
- Depreciation
- General Ledger
- Interest
- Inventory
- Journals
- Payroll
- Trial Balance
- Module Four: Accounting Methods
- Cash Method
- Accrual Method
- Differences between Cash and Accrual
- Module Five: Keeping Track of Your Business
- Accounts Payable
- Accounts Receivable
- The Journal
- The General Ledger
- Cash Management
- Module Six: Understanding the Balance Sheet
- The Accounting Equation
- Double-Entry Accounting
- Types of Assets
- Types of Liabilities
- Equity
- Module Seven: Other Financial Statements
- Income Statement
- Cash Flow Statement
- Capital Statement
- Budget vs. Actual
- Module Eight: Payroll Accounting / Terminology
- Gross Wages
- Net Wages
- Employee Tax Withholding’s
- Employer Tax Expenses
- Salary Deferrals
- Employee Payroll
- Employee Benefits
- Tracking Accrued Leave
- Government Payroll Returns/Reports
- Module Nine: End of Period Procedures
- Depreciating Your Assets
- Reconciling Cash
- Reconciling Investments
- Working with the Trial Balance
- Bad Debt
- Posting Adjustments and Corrections
- Module Ten: Financial Planning, Budgeting, and Control
- Reasons for Budgeting
- Creating a Budget
- Comparing Budget to Actual Expenses
- Module Eleven: Auditing
- What is an Audit?
- When and Why Would You Audit?
- Internal
- External
- Module Twelve: Wrapping Up
- Words from the Wise
Course Duration
- 8 Hours
Download Course Outline
Instructor
Inspire Training Academy is one of the premier professional training institutes in Qatar, India, Nepal, UAE,Spain and opening its doors soon in Pakistan and Srilanka. INSPIRE Training Academy is your training partner for Management, Hospitality, Aviation, HSE, Security, Soft Skills, IELTS and APTIS preparation, Corporate trainings, Travel & Tourism, Cyber Security, Maritime, Business and Life Coach, Cargo & Logistics ,IT and MS office and Retail Management.