Book-Keeping

Course Overview

This two day course will enable delegates to get to grips with the fundamentals of their accounting system. The fundamentals of book keeping are explained in a practical, jargon-free overview, giving a complete understanding from trial balance to final accounts.

Audience

Everyone who wishes to understand the principles of book keeping, within a business and organisational context.

Skills Gained

• The basics of double-entry book-keeping
• Skills to use book keeping for VAT
• Ability to read and understand basic financial statements
• Use of more complex and detailed accounting transactions
• Understanding of the implications of different organisational structures
• A complete understanding from trial balance to final accounts

Prerequisites

Course Outline

• The dual effect- the balance sheet equation
• The balance sheet and profit loss account
• Profits and losses, assets and liabilities
• Double-entry book keeping- debits and credits
• The flow of information to trial balance to final accounts
• Books of prime entry
• Bank reconciliations
• Share capital and reserves
• Accruals and pre-payments
• Fixed assets and depreciation
• Bank and doubtful debts
• Suspense accounts
• Stock valuation
• Cash flow statements
• Control accounts