[kurt mullins]"econdly Im terrified when it comes to syncing audio files to the appropriate pictures - how can it be done without much grief?"
Either buy Pluraleyes. Or hope that you have a slate for every time the camera started recording. With a slate you manually mark IN points at the slate hits, then make a group clip. Yes, this takes time. Want easy? Get Pluraleyes.
[kurt mullins]"Lastly how do i complete my first basic colour correction?"
If you don't know, hire someone who does. Color correction is an art and a technical skill, and is a full profession in it's own right. There is NO WAY we can tell you, in a forum post, how to color correct.