Understand Bookkeeping International

Description: Understand Bookkeeping International:

  • Introduces the concepts of double entry and the income account and statement of financial position
  • Explains how accounting adjustments are calculated and recorded
  • Demonstrates how to prepare final accounts and carry out reconciliations

Having studied all the modules, users should be familiar with the practical aspects of day to day bookkeeping and also understand the contents and format of accounts.


Contents:

Introduction to bookkeeping

  • Double entry – statement of financial position
  • Balancing off accounts, trial balance
  • Double entry – income statement
  • Income statement and statement of financial position (1)
  • Income statement and statement of financial position (2)
  • Assessment 1 

Accounting adjustments

  • Nominal ledger and adjustments
  • VAT
    Accruals and prepayments
  • Wages & salaries
  • Non-current assets and depreciation
  • Leasing & hire purchase
  • Assessment 2 

Practical bookkeeping and final accounts

  • Receivables and payables ledgers and daybooks
  • The cash book and petty cash
  • Bank reconciliations
  • Control accounts and bad receivables
  • Final accounts
  • Assessment 3 

Estimated interactive learning hours: 50


For more information on this software package, please call +44 (0) 1506 472255 or email lmsupport@bpp.com