Course code: IA1 - call 0845 071 2801
Overview
Course duration: 1 day.
This course covers basic accounting and takes delegates through the accounting process from the generation of source documentation to the preparation of final accounts.
Is it right for me?
Suitable for staff with no accounting experience, maybe joining an accounting office and needing to acquire a basic introduction to the accounting process as well as a working knowledge of fundamental book keeping skills.
What will it cover?
The Initial Process
- Source documentation
- Books of prime entry
- Ledger accounts
Constructing the Final Accounts
- Double entry book keeping
- Constructing the trial balance
- Errors not flagged by the trial balance
- Deriving the Profit and Loss Account and Balance Sheet
Accounting for Cash and Bank
- Three column cash books
- The petty cash book
- Bank reconciliation statements
Review of:
- Depreciation of fixed assets
- Accruals and prepayments