Debits, Credits & Journals: The Basics That Still Break Financial Statements

Many accounting errors do not come from complex standards — they come from weak basics. This session focuses on the core building blocks of accounting: debits, credits, and journals. Delegates will be guided through common everyday journals such as accruals, prepayments, depreciation, income received in advance, and debtor-related entries. The session explains not just how to post journals, but why they are done and how they affect profit, assets, and liabilities. Designed for accountants and bookkeepers who prepare or review financial information, this session strengthens understanding and confidence at the foundation level. By the end of the session, delegates will be able to post and review journals correctly and understand their impact on the financial statements.