Basic bookkeeping courses include introductory courses that explain the importance of meticulous bookkeeping, the rules for identifying and logging debits and credits, and information on how to create journal entries. Other basic courses teach students the general principles of accounting and basic equations used in general accounting practices.
Students studying bookkeeping basics also take courses on creating balance sheets, annual statements and reconciling bank statements. More advanced courses delve into tax issues, including figuring deductions and value-added taxes and information concerning depreciation. Further classes go deeper into inventory management, the cost of production versus item pricing, and accounts payable and receivable, with a strong focus on how to deal with bad debt.