This course introduces the fundamental principles of accounting and bookkeeping, designed for students preparing for the LCCI Level 1 examination. Through practical examples, exercises, and quizzes, learners will build a strong foundation in accounting.
Features
- Clear, exam-aligned explanations with real business examples
- Step-by-step double-entry walkthroughs & ledger practice
- Downloadable PDF notes, worksheets, and answer keys
- Interactive quizzes after each section (auto-graded)
- Weekly office hours & Q&A support
- Mock exam with detailed marking scheme
Target audiences
- High-school / college beginners preparing for LCCI Level 1
- Junior accounting staff needing a refresher
- Small business owners who handle basic bookkeeping
- Anyone switching to an accounting career path
Requirements
- Basic arithmetic (add/subtract/multiply/divide)
- Comfortable reading simple English accounting terms
- Calculator & notebook recommended
- No prior accounting experience required
Curriculum
- 7 Sections
- 74 Lessons
- 10 Weeks
Expand all sectionsCollapse all sections
- Section 1 — Introduction to AccountingLearning Outcomes: Understand the purpose and role of accounting Identify users of accounting information Explain the accounting equation and how transactions affect it Recognize different types of accounts (assets, liabilities, capital, income, expenses) Distinguish between source documents and books of original entry15
- 1.11.1 What is Accounting?
- 1.21.2 Objectives & Benefits of Accounting
- 1.31.3 Users of Accounting Information
- 1.41.4 Business Entities & the Accounting Period
- 1.51.5 The Accounting Equation (A = L + C)
- 1.61.6 Effects of Transactions on the Equation
- 1.71.7 Assets vs. Liabilities vs. Capital
- 1.81.8 Income & Expenses (Basics)
- 1.91.9 Source Documents: Invoice, Receipt, Credit Note
- 1.101.10 Books vs. Records: From Source to Ledger
- 1.111.11 Cash vs. Credit Transactions
- 1.121.12 Trade Discounts & Cash Discounts (Concept)
- 1.131.13 Common Terminology (Glossary Starter)
- 1.141.14 Mini Practice: Classify & Impact on Equation
- 1.151.15 Quiz 1 — 10 Minutes • 15 Questions15 Questions
- Section 2 — Double-Entry Bookkeeping I14
- 2.12.1 Debit & Credit: The Core Rules
- 2.22.1 Debit & Credit: The Core Rules
- 2.32.3 T-Accounts: Structure & Posting
- 2.42.4 Journal Entries: Format & Narrations
- 2.52.5 Ledger Posting: Cross-Referencing / Folio
- 2.62.6 Balancing Off Accounts (Balance c/d, b/d)
- 2.72.7 Trial Balance – First Look
- 2.82.8 Capital & Drawings (Owner’s Equity)
- 2.92.9 Inventory (Intro) & Cost Concepts
- 2.102.10 Cash Transactions vs. Bank Transactions
- 2.112.11 Common Posting Errors
- 2.122.12 Speed Drill: 15 Mixed Transactions
- 2.132.13 Worksheet: Post → Balance → Trial Balance
- 2.142.14 Quiz 2 — 30 Minutes • 10 Questions10 Questions
- Section 3 — Books of Prime Entry IThis section introduces students to the foundation of modern accounting – the double-entry bookkeeping system. You will learn how every transaction has two sides, how to post entries accurately, and how to prepare and balance accounts. By the end of this section, you will be able to prepare a trial balance and identify common posting errors with confidence. Through 14 structured lessons, practical exercises, and a final quiz, learners will develop the ability to record transactions systematically. This section bridges the gap between theory and practice, ensuring you gain not only knowledge but also hands-on accounting skills.11
- 3.13.1 Cash Book (Single/Double Column)
- 3.23.2 Discounts Allowed/Received (Intro)
- 3.33.3 Petty Cash & the Imprest System
- 3.43.4 Sales Day Book (Invoices)
- 3.53.5 Purchases Day Book (Supplier Invoices)
- 3.63.6 Returns Inwards / Returns Outwards
- 3.73.7 Posting from Day Books to Ledger
- 3.83.8 Bank Reconciliation (Concept Only)
- 3.93.9 Practice Set: One Month of Cash Book
- 3.103.10 Day Books → Ledger Exercise
- 3.113.11 Quiz 3 — 30 Minutes • 12 Questions12 Questions
- Section 4 — Books of Prime Entry IIThis section expands on books of prime entry with a focus on more complex records such as the three-column cash book, journal proper, bills of exchange, and control accounts. Students will practice full transaction cycles, build a strong foundation for error-checking, and strengthen their ability to summarize large volumes of data.10
- 4.14.1 Three-Column Cash Book (Cash, Bank, Discounts)
- 4.24.2 Journal Proper (General Journal)
- 4.34.3 Returns & Allowances (Detailed Treatment)
- 4.44.4 Bills of Exchange (Introductory Concepts)
- 4.54.5 Control Accounts (Debtors & Creditors)
- 4.64.6 Suspense Accounts & Error Correction (Intro)
- 4.74.7 Practice: Mixed Transactions Journalizing
- 4.84.8 Extended Day Book Exercises
- 4.94.9 Integration: Cash Book, Journal, Day Books Together
- 4.104.10 Quiz 4 (30 Minutes, 12 Questions)12 Questions
- Section 5 — Trial Balance & ErrorsThis section focuses on preparing a trial balance, identifying common bookkeeping errors, and applying systematic methods to locate and correct them. Students will consolidate their knowledge of ledgers, postings, and adjustments. Both theory and practical exercises are included, with real-world examples and exam-style case studies to build confidence and accuracy.14
- 5.15.1 Prepare a Trial Balance from Ledgers
- 5.25.2 Carried-Forward Balances & Totals
- 5.35.3 Errors: Omission, Commission, Principle
- 5.45.4 Transposition & Compensating Errors
- 5.55.5 Suspense Account: Purpose & Use
- 5.65.6 Locating Errors Systematically
- 5.75.7 Correcting Errors & Clearing Suspense
- 5.85.8 Practice Set A: Build a Trial Balance
- 5.95.9 Practice Set B: Error-Spotting (20 Items)
- 5.105.10 Case: TB Not Balancing — What Next?
- 5.115.11 Short Problems: Correcting Entries
- 5.125.12 Presentation & Neat Workings
- 5.135.13 “Show Your Workings” – Examiner’s View
- 5.145.14 Quiz 5 — 30 Minutes • 10 Questions10 Questions
- Section 6 — Financial StatementsSection 6 covers the preparation and understanding of financial statements. Students will learn how to prepare trading accounts, profit & loss accounts, and balance sheets from trial balances, apply adjustments such as accruals, prepayments, depreciation, and provisions, and classify assets and liabilities. Both theory and practical exercises are included, with worked examples to consolidate learning.11
- 6.16.1 Trading Account & Cost of Goods Sold (COGS)
- 6.26.2 Profit & Loss Account (Income vs Expense)
- 6.36.3 Closing Entries (Overview)
- 6.46.4 Balance Sheet (Statement of Financial Position)
- 6.56.5 Classifying Assets & Liabilities (Current/Non-current – Intro)
- 6.66.6 Simple Adjustments in FS: Accruals/Prepayments
- 6.76.7 Depreciation in FS (Conceptual presentation)
- 6.86.8 Provision/Doubtful Debts in FS (Intro)
- 6.96.9 Prepare IS + BS from a TB with Adjustments
- 6.106.10 Worked Example with Answer Key
- 6.116.11 Quiz 6 — 20 Minutes • 14 Questions14 Questions
- Section 7 — Exam Prep & Mock TestSection 7 prepares students for their final exams. It includes past paper practice, time management strategies, question selection, and presentation tips. Students will attempt timed mini mocks and a final quiz to consolidate their learning. Model answers and marking schemes are provided for self-assessment.6
FAQs
No. We start from absolute basics and build up gradually.
Yes—topics, practice style, and mock follow Level 1 scope.
Yes—PDF notes, worksheets, and answer keys are included.
Weekly office hours + Q&A forum are provided.
Instructor
Instructor
