Course Description
This course is made available through the eLearnAfrica and FutureLearn partnership.
Understand how to maintain correct financial statements
Errors made during the double-entry process are almost inevitable in real life but having the skills to identify and correct them ensures your financial statements can remain accurate.
On this three-week course, you’ll understand the need for controls within the accounting system and how they are used to ensure accuracy and reliability with your reporting.
Going beyond the basics of double-entry bookkeeping, you’ll understand the issues that can arise within an accounting system and gain the skills to help you deal with them in real-world contexts.
Explore control accounts and reconciliations
To ensure your accounts are consistent and accurate, you’ll learn how to carry out the process of reconciliations. You’ll cover sales, purchase, and bank reconciliations and learn to produce control accounts and reconciliations of key values.
This knowledge is key in helping to increase the validity of the figures in your financial statements.
Learn how to produce a bank reconciliation
You’ll consider the difference in how a bank deals with cash transactions vs how a business does, and how the two agree.
With this knowledge, you’ll learn how to produce a bank reconciliation to help double-check your bookkeeping to produce figures you can rely on.
Understand types of errors in accounting and how to correct them
You’ll finish the course by exploring the errors within the accounting system, and how you can correct them either with or without a suspense account. You’ll also explore irrecoverable debts and how to account for them.
By the end of the course, you’ll feel confident in your knowledge of the controls within an accounting system to help ensure your figures are accurate and complete.
This course is designed for anyone interested in learning more about how to achieve accuracy in financial statements.
It will be most beneficial for those who have knowledge of double-entry bookkeeping and want to further their skills.
You may be currently studying at college or university or perhaps you would like a course to help you brush up on accounting knowledge gained many years ago.
Certificate cost may vary. You will be redirected to the host page for cost and payment options.
Kaplan
This university is part of the partnership between eLearnAfrica and FutureLearn.
This institution is available on eLearnAfrica through partnership with FutureLearn.
COLLABORATION POLICY
By enrolling in a course on or through eLearnAfrica, you are joining a special worldwide community of learners. The aspiration of eLearnAfrica is to provide anyone with an internet connection access to courses from the best universities and institutions in the world and to provide our learners the best educational experience internet technology enables. You are a part of the community that will help eLearnAfrica achieve this goal. eLearnAfrica depends upon your motivation to learn the material and to do so with honesty and academic integrity. In order to participate in eLearnAfrica, you must agree to the Honor Code below and any additional terms specific to a class.
ELEARNAFRICA HONOR CODE PLEDGE
By enrolling in a course, program, or degree hosted on the eLearnAfrica App or Site, I agree that I will:
-
Complete all tests and assignments on my own, unless collaboration on an assignment is explicitly permitted.
-
Maintain only one user account and not let anyone else use my username and/or password.
-
Not engage in any activity that would dishonestly improve my results, or improve or hurt the results of others.
-
Not post answers to problems that are being used to assess student performance.
-
Abide by any and all requirements of the eLearnAfrica Participants as may regard the expectations of civil or academic behavior or of community standards.
VIOLATIONS
If you are found in violation of the Terms and Conditions or Honor Code, you may be subject to one or more of the following actions:
-
Receiving a zero or no credit for an assignment;
-
Having any certificate earned in the course withheld or revoked;
-
Being unenrolled from a course, learning program or degree program; or
-
Termination of your use of the App and/or Site.
-
Additional actions may be taken at the sole discretion of eLearnAfrica and eLearnAfrica course providers.
No refunds will be issued in the case of any corrective action for such violations.
Honor code violations will be determined at the sole discretion of eLearnAfrica, the Partners, or Members. You will be notified if a determination has been made that you have violated this honor code and you will be informed of the corresponding action to be taken as a result of the violation.
CHANGING THE HONOR CODE
Please note that we review and may make changes to this Honor Code from time to time. Any changes to this Honor Code will be effective immediately upon posting on this page, with an updated effective date. By accessing the App and/or Site after any changes have been made, you signify your agreement on a prospective basis to the modified Honor Code and any changes contained therein. Be sure to return to this page periodically to ensure familiarity with the most current version of this Honor Code.
Effective Date: September 22, 2016