Course objectives

Financial Recordkeeping for Businesses

This course is designed to help students understand the importance of financial recordkeeping for businesses in the UK. Students will learn about the need for financial recordkeeping, the concepts of liquidity and solvency, the accounting equation, and the double-entry method of bookkeeping. By the end of the course, students will be able to explain the need for financial recordkeeping, understand the importance of liquidity and solvency, explain the accounting equation, and record financial transactions using the double-entry method of bookkeeping.

Understand the need for financial recordkeeping in businesses in the UK

• Explain the importance of liquidity and solvency in business
• Understand the accounting equation

 Record financial transactions using the double-entry method of bookkeeping