Understanding the Balance Sheet (2026)

Price:
R598.00 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Bookkeeping
Lecturer:
Ruzel Van Jaarsveld
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


This course equips bookkeepers with a practical, working understanding of the Balance Sheet—what it shows, how it is built from day-to-day bookkeeping, and how to keep it accurate through correct postings, reconciliations, and month-end adjustments. Learners will understand assets, liabilities, and equity, how the accounting equation drives the Balance Sheet, and how to present and review balances in a way that supports reliable reporting and South African compliance. The course includes realistic examples, common error corrections, and a step-by-step approach to preparing a complete Balance Sheet with supporting schedules.

Topics Discussed:

Module 1 – Introduction and Basic Concepts

  • Key Features of a Balance Sheet
  • Importance of the Balance Sheet
  • Users of Balance Sheet Information
  • The Accounting Equation
  • Legal and Regulatory Framework in South Africa

Module 2 – Understanding Assets

Module 3 – Understanding Liabilities

Module 4 – Understanding Equity

Module 5 – Balance Sheet Formats and Presentation

Module 6 – Analyzing the Balance Sheet

Module 7 – Common Balance Sheet errors and adjustments

Module 8 – Preparing a Complete Balance Sheet