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Basic Bookkeeping Workshop Day 1 6
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Training Regulations for Bookkeeping NCII & The Bookkeeping NCIIILecture1.1
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What is Accounting?Lecture1.2
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Bookkeeper Vs. AccountantLecture1.3
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Accounting/Time Period/PeriodicityLecture1.4
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Elements of Financial StatementsLecture1.5
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Day 1: ChallengeLecture1.6
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Basic Bookkeeping Workshop Day 2 6
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Day 1: Challenge & RecapLecture2.1
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Accounting CycleLecture2.2
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Books of AccountsLecture2.3
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Step 1: Analysis Phase – Accountable FormsLecture2.4
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Steps in Accounting Cycle (Activity)Lecture2.5
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Day 2: Challenge / AssignmentLecture2.6
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Basic Bookkeeping Workshop Day 3 8
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Differences between Bookkeepers and Accountants.Lecture3.1
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Pre-Test Result Discussion (Principles on Accounting)Lecture3.2
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Account TypesLecture3.3
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Accounting CycleLecture3.4
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Step 1: Analysis Phase – Accountable FormsLecture3.5
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Step 2: JournalizingLecture3.6
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Practice/Assignment – JournalizingLecture3.7
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Day 2 ChallengeLecture3.8
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Basic Bookkeeping Workshop Day 4 5
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Accounting Cycle ReviewLecture4.1
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Step 3 & 4: Book of Final EntryLecture4.2
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Day 3: Challenge & RecapLecture4.3
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Types of Books of AccountLecture4.4
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Day 4: Challenge / AssignmentLecture4.5
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5 Comments
For me, the books of accounts are types of the recording process of transactions in business, it helps the company to track the transactions easier.
The books of accounts are used to record all financial transactions involved in the operation of a business, and thus help its proprietors keep track of the money that comes in, goes out, and stays in their company. Maintaining accurate and up-to-date books of accounts is very important since it provides valuable insights into the financial performance/health of a business, help business owners build solid relationships with their suppliers, lenders, and potential investors, as well as in ensuring that a business will be able to comply with their tax obligations and avoid the penalties that government regulators may impose on them for non-compliance.
The Books of Accounts are essential documents to monitor and record all financial transactions of an enterprise. It helps entities like stakeholders determine their next financial decisions with regards to the future and operations of the company as well as external entities like the BIR determine the proper tax obligations for the corporation.
The book of accounts are use in tracking the transaction and monitoring of the inflow and outflow of the transaction of the said business. It can easy to audit.
Books of Accounts are used to record all the financial transactions of company or businesses including documents and books, to use in the preparation of financial statements. It includes journals, ledger, cash book and subsidiary books.