Bookkeeping Level 2 Module 3 - Manual bookkeeping - Pitman Training/IAB/OCR Qualifications - AAT Level 2
Training
Blended
Description
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Type
Training
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Level
Advanced
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Methodology
Blended
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Class hours
18h
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Duration
3 Months
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Start date
Different dates available
Module 3 covers using the journal in order to correct book-keeping errors, as well as to record year end adjustments prior to preparing the final accounts a business usually prepares at year end which are, the profit and loss account and balance sheet.
The book-keeping course leaves you with a handy workbook as a reference guide. The course covers part of the syllabus for the OCR and IAB Level 2 book-keeping examination requirements.
Facilities
Location
Start date
Start date
About this course
Book-Keeping Level 2 – Module 3 is designed to follow on from modules 1 and 2 and further your book-keeping knowledge. You will continue to learn manual book-keeping to enable you to keep full and accurate accounting records either for your own business, or for any organisation you work for.
The course covers part of the syllabus for the OCR and IAB Level 2 book-keeping examination requirements.
This course is the third module designed to further your book-keeping level 2 studies using the double entry system so you can keep accurate book-keeping records. And unlike other book-keeping courses, this one puts the renowned Pitman Training name on your CV as proof of your skills.Those who wish to learn manual book-keeping
Successful completion of the Book-keeping Level 2 Module 2 course, together with a high degree of motivation to learn manual book-keeping.
Tutorled Training with high quality training materials. Our tutors will help to you to achieve your goal, motivating you and supporting you through out the training process.
During Enrolment, you will have an interview and/or assessment with Course Advisor to make sure that the course you have chosen is right for you. During this process we will also check your exam certificates and discuss which course is suitable for you.
Reviews
Subjects
- Bookkeeping
- Accounts
- Excel
- Sage
- Balance Sheet
- Accounting
- Sage line 50
- Sage 50 accounts
- Manual Bookkeeping
- Book management
Teachers and trainers (2)
Darshana Edirisinghe
Centre Supervisor
Jiten Patel
Centre Supervisor
Course programme
Lesson One: Preparing a Trial Balance from the ledger accounts as well as from a list of account balances, using the Journal to correct errors not disclosed by the Trial Balance, preparing a revised Trial Balance following the correction of errors.
Lesson Two: Using the Journal to start up a new set of double entry accounts, knowing how to write off bad debt, including any associated VAT, the purpose of a suspense account, using the Journal to correct errors and clear a suspense account, demonstrating the ability to make journal entries and adjustments and produce a revised Trial Balance.
Lesson Three: Recognising the format used when extending the Trial Balance, categorising items of income and expenditure, calculating depreciation, accruals and prepayments, calculating the value of stock consumed, using the journal to record year-end adjustments.
Lesson Four: Transferring the year-end adjustments to the Extended Trial Balance, distinguishing between the different type of account, extending the balances from the Trial Balance columns to either the Profit and Loss or Balance Sheet columns, calculating the profit, or loss, of the business.
Lesson Five: Preparing a Profit and Loss account and Balance Sheet, calculating the gross profit percentage, knowing how to calculate the mark up percentage.
Lesson Six: Closing off the ledger accounts at the end of the accounting period, recognising when a balance is to be carried forward to the next accounting period and when it is to be transferred to the Profit and Loss account, demonstrating the ability to extend a Trial Balance and prepare the financial statements of a business.
Bookkeeping Level 2 Module 3 - Manual bookkeeping - Pitman Training/IAB/OCR Qualifications - AAT Level 2