Small business owners, junior staff, and anyone stepping into a bookkeeping role for the first time often learn the mechanics of recording transactions without ever grasping the principles behind them – and that gap shows up the moment something doesn't reconcile. This practical course from the Arab British Fellowship Training Academy closes that gap.

Across the sessions, participants practise the methods of managing accounts hands-on, guided by academics from the accounting department at the end of each day, so the underlying terms and concepts of bookkeeping become second nature rather than memorised rules.

Who Should Attend?

• Students, teachers, and small business owners with limited or no background in accounting and recordkeeping.
• Public auditors who need a working understanding of bookkeeping processes.

Course Objectives:

By the end of the course, participants will be able to:

• Understand the recordkeeping function, control accounts, and how transactions affect the accounting equation.
• Apply basic Value Added Tax rules in practice.
• Process accounting data in sub-journals and books of accounts, and prepare the trial balance.
• Reconcile the control of debtor and creditor customer accounts against the general ledger.
• Complete a bank reconciliation report, matching the bank account control with the final bank statement balance.
• Distinguish between a continuous inventory system and a periodic one, and calculate final inventory using the weighted average, retail, or FIFO method.

Module 1: Recordkeeping Foundations and the Accounting Equation

• Basic recordkeeping principles and terminology.
• How transactions affect the accounting equation, and accounting for transactions in practice.

Module 2: Reconciliation Skills

• Reconciling the control of debtor and creditor accounts.
• Preparing the bank reconciliation statement.

Module 3: Inventory Systems and Final Valuation

• Inventory systems and methods, including the difference between continuous and periodic systems.
• Calculating final inventory using weighted average, retail, or FIFO methods.