Course Information
Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
1 Hour(s) 5 Minute(s)
Language
English
Taught by
Arbab Shahzaib
Rating
2 views
Course Overview
Learn how to correct accounting errors from bookkeeping accounting
In this course you will learn Correction of Errors in Bookkeeping and Accounting from basics. Each topic is divided into separate section which will help to understand thoroughly and after completion of each topic you will get quiz. In this course you will get chance to learn each accounting error in detail which will polish your bookkeeping and accounting as a result you will be able to bring trial balance equal. This course is ideal for anyone who wants to obtain a good grounding knowledge in Bookkeeping and financial accounting. If you want to become pro in Bookkeeping so try to practice all the activities after each lecture. It would help you a lot and you can achieve your target.
What will we learn?
Trial balance uses, importance and limitations.
Types of accounting errors
How to identify errors?
How to analyze wrong transaction in books?
How to understand the transaction?
How to differentiate between errors which reveal in trial balance and do not reveal in trial balance?
How to correct each error?
What is Suspense account ?
Why suspense account is created in trial balance?
How to prepare suspense account ledger?
After completion of the course student will be able to
Correct and identify accounting errors?
Differentiate between Error of Omission, Error of Commission, Error of Principle, Error of original entry etc.
Interpret and understand the financial statements.
Course Content
- 3 section(s)
- 15 lecture(s)
- Section 1 Introduction
- Section 2 How many types of accounting errors in bookkeeping?
- Section 3 Learning by doing.
What You’ll Learn
- Explain the importance and limitations of trial balance in bookkeeping
- Identify errors which do not reveal by trial balance
- To understand different types of errors.
- You will learn the correction of accounting errors in bookkeeping
Skills covered in this course
Reviews
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RRosemary Tandoh
Good explanation
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HHagar Ecaterina
This course was a transformative experience for my understanding of error rectification in accounting. The instructor's expertise shines through as they navigate through diverse error scenarios and elucidate effective correction techniques.
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CCarola Tea
For those navigating the intricacies of bookkeeping and accounting, this course is a must-have. The instructor masterfully delivers a systematic exploration of error correction methods, addressing different error types.
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JJacob El
The Instructor encourages the student to follow along by doing the work outside of the program, which has value for sure.
