Bookkeeping - transactions to final accounts
Posting individual transactions and preparing simple financial statements
Description
This course covers the basics of double-entry bookkeeping, taking you from posting individual transactions to preparing a simple set of financial statements.
If you are looking to start your own business then having a good idea of how to track your transactions, complete regular monthly checks, monitor sales and purchases and keep track of customers who owe you money and suppliers that you owe money to. The central ledger to most businesses is the cashbook and so this course spends time on how this is set up and transactions posted to it.
If you are looking to start formal accountancy studies this course will give a taster of what to expect and give you some of the basic knowledge which will ensure that you are prepared with a good grounding before you begin.
If you are already studying bookkeeping, this course will cover some of the areas which have often caused students problems. If there are areas you are struggling with as part of your studies, using different material which may explain things in a different way can help to overcome the barrier.
The topics covered include:
Overview of key terminology
Debits and credits
Posting transactions to ledger accounts
Balancing off ledger accounts
Analysed cashbook
Credit transactions
Fixed assets and depreciation
Stock
Bank reconciliation
Trial balance
Suspense accounts
Profit and loss account
Balance sheet
What You Will Learn!
- Basic bookkeeping from posting transactions to a simple set of final accounts
- Accounting
- Balance sheet
- Profit and loss
- Cashbooks
- Bank reconciliations
- Credit transactions
Who Should Attend!
- Accountancy students looking for extra material
- Those starting a small business who want to understand the basics