Potential career outcomes
- Accounts Payable/Receivable
- Small Business Owner
- Junior Accounts Officer
Accounting is an important part of every company, big or small. Business are required to keep their books in line. Though many use software to complete this every day, some choose to complete this manually. This creates highly skilled workers, capable of operating independently and reliably from computerised systems.
This online course is ideal for anyone new to a role in accounts, who needs a basic understanding of bookkeeping, or business owners and financial professionals looking to refresh their manual skills. Access experienced trainers, quality course materials and work at a pace that suits your lifestyle. Enrol and start studying today.
Consult the business owner or manager to examine operations and establish chart of accounts and opening balances for assets, liabilities, equity, income, cost of sales and expenses. This includes making sure this chart is validated and authorised.
Verify invoices and other source documents for accuracy and compliance with taxation requirements and investigate discrepancies between monies owed and monies paid, according to organisational policies and procedures.
Ensure payments are made and money is received and banked. This includes ensuring receipts and payments are coded and recorded in a bookkeeping system on a cash basis, and cash register is balanced.
Prepare an expenditure authorization record, ensuring expenditure is encoded, recorded, reconciled and reimbursed.
Process credit card transactions against invoices and other source documents and statements. This includes checking payments are processed in line with organisational policies and procedures.
Verify processed transactions against bank statements and ensure bank statements are reconciled to balance. This includes producing reports in line with business needs.
There are no formal education prerequisites for this course.
In this online course, you will need to read comprehensive learner workbooks and textbooks, undertake a range of written assessments and independent research activities, and engage in online forums and discussions.
Entry requires the successful completion of Year 10 level English. If you have not achieved this, you can demonstrate this knowledge by:
- Completion of a nationally-recognised training qualification at a Certificate III level or higher
- 3 years relevant industry experience in a role that requires the use of written documentation and communication
- completing our pre-course commencement Literacy, Language and Numeracy assessment.
- A modern up to date internet browser
- Adobe Flash player plug in
- Microsoft Office 2010 or equivalent
- Broadband internet connection
- 2GB of RAM
- CD-ROM or DVD drive
- Adobe Reader XI or equivalent
- Printer and associated software
- Scanner and associated software