Bookkeeping

Mada

• Demonstrate mastery of the principles of Bookkeeping

  Mada 4

  • Record business transactions using source documents

    Mada 2

    • Describe cash and banking transactions (types of cash books)→
    • Record cash/bank receipts and payments from various source documents in the Cash Book (double column, three-column or petty cash book)→

  • Prepare a Trial balance

    Mada 2

    • Describe errors in the Trial balance (meaning, types, sources and detection)→
    • Correct errors in the Trial balance by means of journal entries and adjust the trial balance→

• Demonstrate mastery of financial assets control

  Mada 4

  • Prepare bank reconciliation statements

    Mada 2

    • Describe a Bank reconciliation statement (meaning, importance, reasons for inconsistencies, and the key terms used)→
    • Prepare adjusted cash book and bank reconciliation statement→

  • Prepare a financial budget

    Mada 2

    • Describe Budgeting and budgetary control process (meaning, importance, approaches, and features of a good budget)→
    • Prepare a simple cash budget→