BOOKKEEPING & ACCOUNTS PRACTICALS
This module provides an opportunity to apply your bookkeeping and accounting knowledge in realistic customer scenarios. You will learn how to reconcile accounts, record business transactions, and produce key financial statements for various types of businesses. Through hands-on practice, you will gain a foundational understanding of accounting principles and an introduction to Xero, the cloud-based accounting software.
PREPARING MANAGEMENT REPORTS
Management accountants are essential in predicting and preventing an organization from deviating from its primary objectives. They provide detailed reports with commentary on figures to help managers make informed financial decisions regarding production, operations, and investment. The role also involves creating budgets, tracking internal costs, and driving efficiency and value for money throughout the organization.
This module focuses on the different types of taxes that companies operating in Zambia are required to pay to the government based on their income, including corporate income tax, PAYE, VAT, and property tax. Having a clear understanding of company taxes is vital for businesses to stay compliant with tax laws and avoid penalties. Properly managing tax obligations can also help companies minimize their tax liability and increase their profits.