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Designed for
: People
seeking to develop foundation skills in book-keeping and accounts.
Successful candidates would be competent to fulfil a wide range of routine
function in an accounts office.
Pre-requisites
: Elementary knowledge in book-keeping and accounts.
Objectives :
Ability, within the context of a simple sole trader business, to
· Process a full range of financial transactions using double-entry
book-keeping ;
· Prepare control statements;
· Check and correct accounting records as necessary;
· Display comprehensive financial information about the state
of the business.
Course Contents:
. Record in journal
the opening and closing balances of the business; the correction of
errors; the purchase and sale of assets.
. Prepare books of original entry.
. Apply the relationship between the day books including the ledger
accounts.
. Prepare three column cash book.
. Apply procedures to discover why the trial balance does not agree.
. Make simple adjustments for prepayments and accruals.
. Record depreciation using the straight line and reducing balance methods.
. Record bad debts and provision for bad and doubtful debts.
. Apply an understanding of stock and stock valuation.
. Record drawings in kind as well as cash.
. Prepare trading and profit and loss accounts. Calculation of net purchases,
net sales, cost of goods
sold.
. Prepare a balance sheet showing the order of permanence of assets
and working capital.
Assessment :
The course will lead to an external examination conducted by Pitman
examinations institute and relevant certificates will be issued upon
successful completion.
Details:
Fee : £ 350.00
Duration : 45 Hours
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