Accounting

Course summary

Current Modules Covered: Processing bookkeeping transactions • Understanding double-entry bookkeeping, integrating books of prime entry, and describing coding system functions • Understanding discounts and settlement, trade, and bulk discount differences • Preparing and processing customer and supplier invoices and credit notes • Totaling and balancing a 3-column analyzed cash book • Totaling, balancing, and reconciling petty cash records within an analyzed petty cash book • Processing ledger transactions and extracting a trial balance Control accounts, journals, and the banking system • Understanding the purpose and use of control accounts and journals • Maintaining and using control accounts and the journal • Reconciling a bank statement with the cash book • Understanding the banking process and main services of banks and building societies • Understanding requirements of retention and storage relating to banking documents The course is aimed at people who do not necessarily have prior knowledge of manual bookkeeping or who have completed the AAT Level 1 Award in Bookkeeping. It is also set at a suitable level for complete beginners.