Section: Module 2: Basic Principles of Bookkeeping | Introduction to Book Keeping and Financial Management For CBOs | Somo

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Module 2: Basic Principles of Bookkeeping

Somo

Section outline

Bookkeeping refers to organising and recording financial transactions, such as receipts, payments, and purchases. It also involves maintaining concise and clear financial records that make information easily accessible.

Besides being a legal requirement, bookkeeping is the backbone of any organisation’s financial health. By the end of this session, participants will be able to:

Understand the fundamental principles of bookkeeping

Define key accounting principles/definitions

Understand the process of recording financial transactions, reconciling accounts, and preparing financial statements.
- Select activity Basic Bookkeeping Notes
  
  Basic Bookkeeping Notes File PDF
  
  Not available unless: You must be enrolled into this course!
- Select activity Basic Principles of Bookkeeping Quiz
  
  Basic Principles of Bookkeeping Quiz
  
  Opened: Monday, 7 July 2025, 6:11 PM
  
  Not available unless: You must be enrolled into this course!

Somo is an eLearning platform that offers a range of online courses focusing on data-driven decision-making, community leadership, financial management, and more.