Introduction to Bookkeeping (Accounting)

An in-depth introduction to Bookkeeping based on UK principles. One of the most comprehensive Bookkeeping courses!
2.6 (7 ratings) Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
3,235 students enrolled
$20
Take This Course
  • Lectures 59
  • Contents Video: 7 hours
    Other: 5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

About This Course

Published 1/2014 English

Course Description

Welcome to this Three Sixty Academy course exclusive to Udemy.

Here with Three Sixty Academy you can study online towards an ‘Introduction to Bookkeeping’.

Our course is comprised of 11 modules covering all the basics of bookkeeping including more advanced topics and exercises to allow you to apply the knowledge learnt.

  • Introduction to Bookkeeping
  • Professional Values and Basic Business Legislation
  • Banking Procedures
  • Introduction to Double Entry Bookkeeping
  • Sub-Dividing the Bookkeeping System
  • Principles of VAT
  • Cost and Cost Classification
  • Cost Behaviour Patterns
  • Cost Coding
  • Valuing Stock
  • Labour Costing

  • More than enough to turn you from Bookkeeping zero to hero using our proactive and practical approach. It is arguably one of the most compressive online courses of an introduction to Bookkeeping; giving learners a great grounding and skill set to enter the world of Bookkeeping.

    Good luck and we hope you enjoy our course!

    What are the requirements?

    • Internet access
    • Willingness to dive into the world of Bookkeeping
    • Rest assured we will teach you from the ground up

    What am I going to get from this course?

    • Understand the importance of integrity and professionalism
    • Understand legislation that exists relating to the workplace
    • Know the fundamental principles of money laundering legislation
    • Understanding the banking process
    • Understand document retention and storage requirements
    • Understand the role of books and prime entry
    • Understand the principles of coding
    • Understand the double entry bookkeeping system
    • Understand the various types of discount
    • Understand the use of journals
    • Understand control accounts
    • Understand VAT regulations
    • Demonstrate an understanding of the cost recording system within an organisation
    • Recognise the component parts of a cost recording system and how this operates

    What is the target audience?

    • Those interested in doing Bookkeeping for their own or other organisations
    • Those who are interested in learning Bookkeeping, based on UK principles
    • Those already working within Finance or seeking a career within the sector

    What you get with this course?

    Not for you? No problem.
    30 day money back guarantee.

    Forever yours.
    Lifetime access.

    Learn on the go.
    Desktop, iOS and Android.

    Get rewarded.
    Certificate of completion.

    Curriculum

    Section 1: Introduction to Bookkeeping
    01:26

    By the end of this section you should be able to: Understand the job role and career path for a bookkeeper, understand the different types of business organisation, Know the terminology used in bookkeeping, and understand the responsibilities when working in a bookkeeping environment.

    04:05

    In this lecture we will be covering the following; Introduction, Financial Accounting, Management Accounting, and Bookkeeping and Accounting.

    21:53

    In this lecture we will be covering the following: Types of Business Organisation, A Career in Bookkeeping and Accounting, Who do I want to work for,What Skills and Knowledge Will I Need, What Qualifications and Experience Will Employers Look For, and The Role of the Bookkeeper at General Clerical Level.

    15:32

    In this lecture we will be covering the following: Accounting Concepts, The Dual Aspect Concept, Assets, Capital and Liabilities, Statement of Assets, Capital and Liabilities, Categorising Items of Income and Expenditure, and The Use of Source Documents.

    03:59

    In this lecture we will be covering the following: The Confidentiality and Security of Information.

    23 pages

    This PDF document is the complete reading material for Section 1, which is covered in the video lectures.

    6 pages

    This PDF document is the exercises and answers for Section 1.

    Section 2: Professional Values and Basic Business Legislation
    01:52

    By the end of this section you should be able to: Understand the importance of integrity and professionalism, Understand that legislation exists relating to the workplace, and know the fundamental principles of money laundering legislation.

    08:22

    In this lecture we will be covering the following: Introduction, Ethics and Accounting Ethics.

    16:49

    In this lecture we will be covering the following: Basic Business Legislation, Data Protection, The Data Protection Principles, Roles, Responsibilities and Rights, Health and Safety at Work, Risk Assessments, The Employer’s Duty of Care, Maintaining a Safe and Healthy Workplace, Health and Safety – The Use of Computers, and Employees Health and Safety Responsibilities.

    09:59

    In this lecture we will be covering the following: Money Laundering Regulations, Risk Assessment, Due Diligence Matters, Appointing a Nominated Officer, and Reporting Suspicious Activity.

    18 pages

    This PDF document is the complete reading material for Section 2, which is covered in the video lectures.

    8 pages

    This PDF document is the exercises and answers for Section 2.

    Section 3: Banking Procedures
    01:10

    By the end of this section you should be able to: Understand the banking process, and Understand document retention and storage requirements.

    55:04

    In this lecture we will be covering the following: Introduction, Deposit Accounts, Current Accounts, Business Loans, Business Overdrafts, The Business and Bank Relationship, Telephone and Internet Banking, Foreign Exchange and Foreign Currency, Safety Deposit Facilities, Methods of Making and Receiving Payment, Cash (Notes and Coins), Cheques, Words and Crossings, The Cheque Clearing System, The ‘Life’ of a Cheque, Post Dated Cheques, Stopping a Cheque, Receipt of Cheques, The Cheque Guarantee System, The Use of Plastic Cards, Debit Cards, Credit Cards, Charge Cards, Processing Card Transactions, Standing Orders and Direct Debit Payments, Register of Standing Orders & Direct Debits, Payment by BACS, Payment by CHAPS, Payment by Telegraphic Transfer, Banking Monies Received, Banking Notes and Coins, Banking Cheques, and Completing a Banking Sheet.

    03:10

    In this lecture we will be covering the following: The Physical Security of Monies.

    29 pages

    This PDF document is the complete reading material for Section 3, which is covered in the video lectures.

    7 pages

    This PDF document is the exercises and answers for Section 3.

    Section 4: Introduction to Double Entry Bookkeeping
    00:56

    By the end of this section you should be able to: Understand the double entry bookkeeping system, and Prepare ledger balances and an initial trial balance

    53:43

    In this lecture we will be covering the following: Introduction, The Work of the Bookkeeper, The Security of Source Documents and Accounting Records, Basic Accounting Concepts, The Business Entity Concept, The Dual Aspect Concept, The Money Measurement Concept, The Historic Cost Concept, Categorising Items of Income and Expenditure, Double Entry Bookkeeping, and Double Entry Processing – a worked example.

    06:41

    In this lecture we will be covering the following: Preparing the Initial Trial Balance, and Classifying Ledger Account Balances.

    35 pages

    This PDF document is the complete reading material for Section 4, which is covered in the video lectures.

    18 pages

    This PDF document is the exercises and answers for Section 4.

    Section 5: Sub-Dividing the Bookkeeping System – Using Day Books
    02:06

    By the end of this section you should be able to: Understand the role of the books of prime entry, Understand the principles of coding, Understand the double entry bookkeeping system, Enter sales invoices and credit notes into the books of prime entry, Enter supplier invoices and credit notes into the books of prime entry, and Process ledger transactions from the books of prime entry.

    25:00

    In this lecture we will be covering the following: Introduction, Sub-Division of the Bookkeeping System, Main Books of Account, General Ledger, The Cash Book and Petty Cash Book, The Subsidiary Ledgers, The Books of Prime Entry, and Sales Returns Day Book.

    10:57

    In this lecture we will be covering the following: Control Accounts, and Worked Example.

    12:46

    In this lecture we will be covering the following: Coding, A Coding System, General Ledger Codes, Subsidiary Sales Ledger Codes, Subsidiary Purchase Ledger Codes, Cash Book Codes, Using Coding, General Ledger Codes, Sales Ledger Codes, and Purchase Ledger Codes.

    29 pages

    This PDF document is the complete reading material for Section 5, which is covered in the video lectures.

    28 pages

    This PDF document is the exercises and answers for Section 5.

    Section 6: Principles of VAT
    01:53

    By the end of this section you should be able to: Understand current VAT regulations, Understand control accounts, and Prepare a tax (VAT) control account.

    36:02

    In this lecture we will be covering the following: Introduction, Value Added Tax, The VAT System, Rates of VAT, Exempt and Outside the Scope, Registering for VAT, Compulsory Registration, Voluntary Registration, Deregistration, Exemption from Registration, VAT Accounting Schemes, The Standard Scheme, The Annual Accounting Scheme, The Cash Accounting Scheme, The Flat Rate Scheme, Making VAT Calculations, and VAT and Cash Discounts.

    38:34

    In this lecture we will be covering the following: The VAT Invoice, Less Detailed VAT Invoices, Modified Invoices, A Proforma Invoice, The VAT Date and the Tax Point, The Taking of Deposits, Accounting for Imports and Exports, Keeping VAT Records, The VAT Return (VAT 100), and Reconciliation of the VAT Control Account to the VAT Return (VAT 100).

    11:42

    In this lecture we will be covering the following: Control Visits, VAT Penalties for Mistakes and Delays, Changes in VAT, and VAT Information.

    34 pages

    This PDF document is the complete reading material for Section 6, which is covered in the video lectures.

    9 pages

    This PDF document is the exercises and answers for Section 6.

    Section 7: Basic Principles of Costing - Cost and Cost Classification
    00:53

    By the end of this section you should be able to: Demonstrate an understanding of the cost recording system within an organisation, and Recognise the component parts of a cost recording system and how it operates.

    06:17

    In this lecture we will be covering the following: Accounting within an Organisation.

    14:47

    In this lecture we will be covering the following: Costs and Cost Classification, Cost Nature and Classification, Cost Per Unit, Cost Classification by Function, Cost Centres and Profit Centres Cost Centres, and Profit Centres.

    10 pages

    This PDF document is the complete reading material for Section 7, which is covered in the video lectures.

    3 pages

    This PDF document is the exercises and answers for Section 7.

    Section 8: Basic Principles of Costing - Cost Behaviour Patterns
    01:02

    By the end of this section you should be able to: Demonstrate an understanding of the cost recording system within an organisation, and Recognise the component parts of a cost recording system and how this operates.

    10:22

    In this lecture we will be covering the following: Cost Behaviour, Variable Costs, Fixed Costs, Stepped Fixed Costs, and Semi-Variable Costs.

    06:45

    In this lecture we will be covering the following: Cost Per Unit Using Cost Behaviour, and Budgets.

    8 pages

    This PDF document is the complete reading material for Section 8, which is covered in the video lectures.

    1 page

    This PDF document is the exercises and answers for Section 8.

    Section 9: Basic Principles of Costing - Cost Coding
    00:26

    By the end of this section you should be able to: Recognise the component parts of a cost recording system and how it operates.

    10:55

    In this lecture we will be covering the following: Cost Codes, Numeric Codes, Alphabetical Codes, Alpha-Numeric Codes, and Coding Manual.

    7 pages

    This PDF document is the complete reading material for Section 9, which is covered in the video lectures.

    3 pages

    This PDF document is the exercises and answers for Section 9.

    Section 10: Basic Principles of Costing - Valuing Stock
    01:02

    By the end of this section you should be able to: Demonstrate an understanding of the cost recording system within an organisation, and Recognise the component parts of a cost recording system and how it operates.

    07:17

    In this lecture we will be covering the following: Stock and Types of Materials, Stock Valuation, Stock Valuation Methods, FIFO (First In, First Out), LIFO (Last In, First Out), AVCO (Average Cost Out – Weighted Average Cost), and Stock Records.

    05:48

    In this lecture we will be covering the following: Stock Valuation Using the FIFO Method, Stock Valuation using the LIFO Method, and Advantages and Disadvantages of Stock Valuation Methods.

    8 pages

    This PDF document is the complete reading material for Section 10, which is covered in the video lectures.

    2 pages

    This PDF document is the exercises and answers for Section 10.

    Section 11: Basic Principles of Costing - Labour Costing
    00:47

    By the end of this section you should be able to: Demonstrate an understanding of the cost recording system within an organisation, and Recognise the component parts of a cost recording system and how it operates.

    09:50

    In this lecture we will be covering the following: Labour Costs, The Basic Pay Rate, Direct Labour, Clock Cards, Time Sheets, Electronic Swipe Cards, Job Cards or Job Sheets, Calculation of Gross Pay, and Time Rate.

    13:16

    In this lecture we will be covering the following: Piecework Rate, Bonus Payments, and Advantages and Disadvantages of Methods of Calculating Gross Pay.

    11 pages

    This PDF document is the complete reading material for Section 11, which is covered in the video lectures.

    3 pages

    This PDF document is the exercises and answers for Section 11.

    Students Who Viewed This Course Also Viewed

    • Loading
    • Loading
    • Loading

    Instructor Biography

    Three Sixty Academy, Courses Created In Collaboration With Subject Experts

    We work with a wide of range people and organisations to help up-skill, re-skill and expand their knowledge. Our aim is to equip you with the skills and knowledge to take advantage of opportunities which arise. We believe that e-learning is the way forward, over the traditional based learning.

    Ready to start learning?
    Take This Course