City & Guilds Level 2 Award in Bookkeeping and Accounts

Course Content

There are seven learning outcomes with this course. The learner will be able to:

• Prepare ledger accounts

post transactions to ledger accounts

total and balance ledger accounts bringing down the balances

• Prepare control accounts

prepare control accounts from given information

reconcile control accounts with individual ledger account balances in the subsidiary ledger

• Correct errors in business accounts

identify errors in ledger accounts

make appropriate adjustments in the journal to record the correction of errors

post appropriate adjustments from the journal to ledger accounts to correct errors

create and clear a suspense account where necessary

• Differentiate between capital and revenue expenditure

understand the difference between capital and revenue expenditure

• Record depreciation

calculate depreciation using the appropriate method

prepare accounts for depreciation and provision for depreciation

• Make year end adjustments in business accounts

write off bad debts

create a provision for doubtful debts

make an adjustment for an amended provision for doubtful debts in the business accounts

enter year end adjustments in the journal

post year end adjustments to ledger accounts

• Prepare and complete a trial balance

prepare a trial balance from cash book and ledger account balances

prepare a revised trial balance from one initially drafted incorrectly

complete an extended trial balance making adjustments for the year end