No one logged in. Log in
Print RSS

Training Guides

                              Bookkeeping Guides

 These manuals have been specifically written to inform the learner in layman's terms what exactly is going on in the relevant areas discussed and bridge the gap between the theory and reality accounting/bookkeeping.  They will dispel misconceptions, provide instruction and provide the learner with direct explanations relating to the subject discussed. 


   BAS + Cash and Accruals Guide

BAS will take you through a step-by-step tour of the Business Activity Statement (BAS). Every aspect of the most basic BAS will be explored and discussed. Layman's language is used throughout the text so it is accessible to all people, not just accountants. One of the main purposes of this text is to enable the learner to bridge the gap between a layman's knowledge of the BAS and the knowledge that will be required to process a BAS.

Cash and Accruals will lead the learner through the simple but challenging concepts of cash and accrual accounting techniques, and accounting for GST on a cash or non-cash (accruals) basis.  This text is based in common sense, and presented in layman’s terms. 

The concept of cash and accruals is probably one of the most misunderstood in accounting, and these misunderstandings play havoc with the learner's ability to operate accounting software effectively because the learner quite literally has very little idea of what they are doing in relation to the accounting software. If the learner is having trouble operating accounting software, in many instances this can be solely traced back to their misunderstandings relating to this subject. It is not that the learner cannot operate the accounting software in many instances; the learner quite simply has no or very little idea of what the accounting software is supposed to do. 

This text has been specifically written to dispel misconceptions, provide instruction and provide the learner with direct explanations relating to this subject. 

 

   Payroll Guide
 

This text provides step-by-step explicit explanations of payroll theory.  If the learner is having trouble processing payroll, in many instances it will have nothing at all to do with the accounting software; the learner quite simply has no or very little idea of what they are doing and why.  This text has been specifically written to inform the learner in layman's terms what exactly is going on in relation to many payroll scenarios.  Payroll is a very complex subject, but thorough instruction in the basic concepts will go a long way in providing the student with a rock solid foundation which they can build on with further learning.

This text comprises of payroll definitions, 9 payroll scenarios with explicit step-by-step explanations and an explanation of employee hourly costs to business.


   Basic Business Transactions Guide
 

This text has been written to specifically target any misconceptions or ignorance in relation to a business’s source documents (invoices, bills and adjustment notes).

 

·         Invoices: 
    ·         Processes relating to accounts receivable (trade debtors). 
    ·         Processes relating to sales without accounts receivable (cash accounting).

·         Bills:
 
    ·         Processes relating to accounts payable (trade creditors). 
    ·         Processors relating to bills without accounts payable (cash accounting). 

 ·         Adjustment notes:
                ·         Credit given to a customer 
                ·         Refund given to a customer 
                ·         Credit receive from a supplier 
                ·         Refund received from a supplier

·         Definitions for invoices and bills. 
 ·         Explanations of accounts receivable and accounts payable.


  Materials Shakers and Sifters Guide
 

This text is an excellent introduction to financial statements and management accounting (manufacturing accounting techniques). The learner will be shown a completely realistic factory situation.  This manufacturing and retail (the business also resells items) situation will comprise of all the components of the basic financial statements. This text also shows all the basic components of a manufacturing scenario. 

Topics covered for financial statements

 

·         Factory Overhead

·         Direct and In-Direct Labour including sub-contractors.

·         Raw Materials

·         Work -in –Process

·         Finished Goods

·         Inventory (resale of purchases, ie buying goods and reselling them (Not relating to manufacturing)).

·         Factory Equipment

·         Period Cost

o   Office Wages in appropriate categories.

o   Selling, General admin and financial expenses

·         A3 page with complete pictorial overview of the factory and office components in financial statement format.

 

Topics covered for management accounting:

·         All topics mentioned previously

·         Stock and its relation to the manufacturing process.

·         Manufacturing process described in detail.

·         Introduction to all the staff members, their functions, and how they relate to the costing centers and financial statements. 8 staff + 1 sub-contractor.

·         Explanations after realistic components of the factory and office have been displayed, in a logical order to assist the learner:

o   Product Cost

o   Variable Cost

o   Period Cost

o   Fixed Cost <


Note about the author and this text:

Before being trained in financial services, the author was a tradesman in the manufacturing industry.  This text was written to bridge the gap between the theory and the reality accounting.  It can often be forgotten that the financial statements only “give a fair account” of what is actually happening in reality.

 

The author came to the conclusion that most accounting texts give little or no explanation of what accounting techniques are actually supposed to be “giving a fair account” of.   As a consequence of this, financial statements and particularly management accounting subjects can seem extremely difficult for many learners as they have little or no common sense feeling of what these subjects actually represent.  Often times it can come down to “I’ll insert that value into that equation and I hope the right answer will “pop out”, even though I would have no idea why the right answer should “pop out”.  The student becomes a master not of financial statements or management accounting, but a master of passing exams with little understanding of the subject.

 

All realistic common sense descriptions of the manufacturing environment are given first, and then the accounting terms are given later.  The environment (primary) does not fit the accounting terms (secondary); the accounting terms fit the environment.