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Updated in [May 25th, 2023]

Abacus Auto Balance Accounting System is an online learning course designed to help learners gain the skills and knowledge necessary to become proficient in bookkeeping, basic accounting, business ledgers, and balance sheets. This course is ideal for those who are looking to gain a comprehensive understanding of the fundamentals of accounting and financial management. It provides an in-depth look at the various aspects of accounting, including the use of abacus accounting, auto balance systems, and other online tools. Learners will gain the skills necessary to accurately record and analyze financial data, as well as the ability to create and maintain accurate financial statements. Additionally, learners will be able to develop the skills necessary to effectively manage their finances and make informed decisions. This course is perfect for those who are looking to gain a comprehensive understanding of the fundamentals of accounting and financial management.

[Applications]
After completing this course, students should be able to apply the knowledge they have gained to their own businesses. They should be able to use the Abacus Auto Balance Accounting System to create and maintain accurate business ledgers and balance sheets. Additionally, they should be able to use the system to track and analyze financial data, as well as to create reports and forecasts. Finally, they should be able to use the system to make informed decisions about their business finances.

[Career Paths]
1. Bookkeeper: Bookkeepers are responsible for maintaining accurate financial records for businesses. They are responsible for recording and tracking all financial transactions, including purchases, sales, receipts, and payments. They also prepare financial statements, reconcile accounts, and provide other financial reports. With the increasing use of technology, bookkeepers are now able to use automated accounting systems, such as Abacus Auto Balance Accounting System, to streamline their work and increase accuracy.

2. Accountant: Accountants are responsible for analyzing and interpreting financial data to provide advice and guidance to businesses. They are also responsible for preparing financial statements, preparing taxes, and providing other financial advice. With the increasing use of technology, accountants are now able to use automated accounting systems, such as Abacus Auto Balance Accounting System, to streamline their work and increase accuracy.

3. Financial Analyst: Financial analysts are responsible for analyzing financial data to provide advice and guidance to businesses. They are responsible for researching and analyzing financial data, preparing financial reports, and providing other financial advice. With the increasing use of technology, financial analysts are now able to use automated accounting systems, such as Abacus Auto Balance Accounting System, to streamline their work and increase accuracy.

4. Business Analyst: Business analysts are responsible for analyzing and interpreting business data to provide advice and guidance to businesses. They are responsible for researching and analyzing business data, preparing business reports, and providing other business advice. With the increasing use of technology, business analysts are now able to use automated accounting systems, such as Abacus Auto Balance Accounting System, to streamline their work and increase accuracy.

[Education Paths]
1. Bachelor of Science in Accounting: This degree program provides students with a comprehensive understanding of accounting principles and practices. Students learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial records. Additionally, they gain an understanding of taxation, auditing, and financial reporting. This degree is ideal for those looking to pursue a career in accounting or finance.

2. Master of Science in Accounting: This degree program provides students with an advanced understanding of accounting principles and practices. Students learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial records. Additionally, they gain an understanding of taxation, auditing, and financial reporting. This degree is ideal for those looking to pursue a career in accounting or finance.

3. Master of Business Administration in Accounting: This degree program provides students with a comprehensive understanding of accounting principles and practices. Students learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial records. Additionally, they gain an understanding of taxation, auditing, and financial reporting. This degree is ideal for those looking to pursue a career in accounting or finance, as well as those looking to pursue a career in business management.

4. Doctor of Philosophy in Accounting: This degree program provides students with an in-depth understanding of accounting principles and practices. Students learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial records. Additionally, they gain an understanding of taxation, auditing, and financial reporting. This degree is ideal for those looking to pursue a career in accounting or finance, as well as those looking to pursue a career in research or academia.

Course Syllabus

The Concept of Double Entry

Accounts

The Recording of Transactions

Examples of T Account Transactions

Recording Conventions and the Trial Balance

Account Groupings

Accounting Statements

Financial Statements

Example of a Trading Account

Stock

Administering Stock

Control of Stock

Accounting Entries for Closing Stock

What is a Profit and Loss Account?

What is a Balance Sheet?

The Structure of a Bookkeeping System

Primary Books of Account

The Petty Cash Book

Journals

Value Added Tax

The Auto Balance ‘One-book’ Accounting System (ABACUS)