A business can be profitable and still lose its footing if nobody is keeping an accurate record of what's coming in and going out. Bookkeeping is that record — the daily discipline of capturing revenues, expenses, and every other financial activity — and it's the backbone that lets a company's leadership trust the numbers behind its decisions.

This course, "Bookkeeping Skills and Financial Recordkeeping", from the Arab British Fellowship Training Academy, builds that discipline step by step: organising and recording daily transactions, managing general ledger accounts, and producing financial reports that genuinely reflect an organisation's financial position.

Who Should Attend?

• Junior accountants and aspiring bookkeepers looking to sharpen their skills.
• Small and medium business owners who need a solid grasp of basic accounting to manage their own finances.
• Students and professionals in accounting and finance.
• Anyone who wants a better understanding of accounting operations and their practical applications.

Knowledge and Benefits:

After completing the course, participants will be able to:

• Understand the fundamental concepts and principles of bookkeeping, and organise financial records efficiently.
• Record daily transactions and document financial activities accurately.
• Prepare financial reports that reflect an organisation's financial performance.
• Use modern accounting systems and software for everyday bookkeeping tasks.

Module 1: Bookkeeping Fundamentals

• What bookkeeping is, how it differs from financial accounting, and why it matters in daily business operations.
• Types of accounting records — journals and ledgers — and an overview of manual versus electronic accounting systems and common bookkeeping software.

Module 2: Recording Daily Transactions

• Accurately recording daily revenues and expenses, and documenting both cash and credit transactions.
• Preparing journal entries: the rules for debits and credits, and correcting common errors.

Module 3: Verifying and Posting Records

• Methods for verifying the accuracy of bookkeeping and auditing entries for consistency.
• Posting journal entries to the general ledger, and classifying accounts as assets, liabilities, equity, income, or expenses.

Module 4: Analysing Accounts and Reporting

• Reading and analysing financial data from the general ledger to prepare reports.
• Linking revenue and expense accounts to profit and loss, and preparing the income statement and balance sheet.

Module 5: Period-End Adjustments and Closing

• Making adjusting entries at period end, including accruals, prepayments, and non-cash transactions.
• Closing temporary accounts and transferring net income to retained earnings.

Module 6: Producing and Reviewing Financial Reports

• Preparing comprehensive financial reports that summarise business performance for strategic decisions.
• Reviewing and auditing financial records, and ensuring compliance with accounting standards.

Module 7: Best Practices for Accurate Bookkeeping

• Practical tips for organising financial records effectively.
• The value of keeping accounting systems regularly updated, accurate, and transparent.