Welcome to your firsr module - Process financial transactions and extract interim reports.
This module will introduce you to double-entry bookkeeping and covers the first six steps in the accounting cycle. It will equip you with the skills and knowledge required to:
- verify supporting documentation
- prepare and process banking and petty cash documents
- prepare and process payable and received invoices
- prepare journals
- check ledger accounts
- prepare bank deposits and lodge flows
- finalise trial balance and interim reports.
Throughout this module, you will be presented with learning checkpoints. These activities have been designed to test your comprehension of key concepts and review what has been covered in the topic before undertaking the assessment. Solutions to the learning checkpoints are provided; however, we encourage you to attempt the activity before viewing the answer. Contact your trainer if you have questions regarding your responses and/or the solutions provided.
At the end of this module, you will be required to undertake three assessments. Assessment 1 is a knowledge-based assessment. For assessments 2 and 3, you will assume the role of Dawson Weeks, an undergraduate accountant at Ace Finance. You will be asked to complete tasks by your manager Andrew Glass.