Basic Accounting Journals Part 2: The Adjustments That Still Catch People Out - Session 3

You know the basics — but it’s the follow-up journals that quietly break the numbers. This session deepens your journal skills so adjustments stop causing errors and confusion. This is a follow up from the last session

2 CPD units 22 April 2026 1 presenter

What will set you apart

By completing this course you will gain the following competencies

How to confidently post follow-up and correction journals
How to fix journal errors without making things worse
How accruals and reversals work over multiple periods
How prepayments roll forward correctly
How depreciation journals behave year after year
How to deal with income received in advance over time
How to review journals before finalising accounts

Event breakdown

Revisiting debits, credits, and journal logic
Correcting journal errors safely
Accruals over multiple periods
Reversing and updating accrual journals
Prepayments and roll-forward adjustments
Depreciation over the asset’s life
Income received in advance adjustments
Reviewing journals before finalisation
Preventing repeat journal mistakes

Category: AccountingType: CPD CourseCPD category: Accounting

Description

Many professionals understand basic journals in theory, but struggle when those journals need to be adjusted, reversed, or corrected in later periods. This session builds on Part 1 and focuses on what happens after the first journal is posted. Delegates will learn how common adjustments behave over time and how errors quietly build up when journals are not handled properly. The session explains recurring adjustments such as accruals, prepayments, depreciation, and income received in advance in simple, practical terms. Designed for accountants and bookkeepers who prepare or review accounts, this session strengthens confidence and control over journals. By the end of the session, delegates will be able to correct, adjust, and review journals without breaking the financial statements.

Presenters

Leana van der Merwe — Leana van der Merwe is a Chartered Accountant and Registered Auditor with over 18 years of experience in business accounting, audit and corporate governance. A former Audit Director and professional-body Technical and Standards Executive, she has guided more than 14,000 professionals through complex regulatory matters. Leana also serves on the PAFA Technical Advisory Group, the IFAC Anti-Money Laundering Committee and the IFRS Foundation SME Implementation Group.

You will earn a certificate

On successful completion you will receive a certificate for 2 CPD units in Accounting.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser