Intermediate Bookkeeping
Following the success of the Book-keeping & Accounts distance learning
Course many students requested a more advanced Course written in the same
style which they could use as a tool to enhance their personal
development. As a result, the Intermediate Accounting Course was written
on the same 'step by step' learning approach.
Bookkeeping Course Modules
There are seven Modules of
the course and a resume of these is as follows:
Module 1 :- Sales & purchases ledgers
This lesson introduces and
clearly explains the use and workings of the Sales, Purchases, and Returns
Day Books.
The operation of the three-column cash account is also
introduced.
All of these are absolutely fundamental to any size of
Business.
Module 2 :- Control Accounts
The number of individual debtors and creditors
will be too large to maintain an account for each in the Ledger. This
Module shows how a business controls its debtors and creditors using
accounts which act as a control mechanism.
Module 3 :- Further aspects of depreciation
Every business will need to
depreciate its fixed assets. This Module extends the concepts taught in
the Beginners' Course by clearly explaining the main types of
depreciation. The
procedure for dealing with the sale of a fixed asset
is also logically explained.
Module 4 :- Cash and cash flow
Cash flow is absolutely vital to every
business. Accordingly Module 4 explains the workings of the cash flow
cycle for a typical business and how this can be controlled. The
difference between profitability and liquidity is carefully explained, as
is the preparation of cash flow statements.
Module 5 :- Fixed assets - investment appraisal
The acquisition of fixed
assets represents a major investment for any business. This Module
introduces Payback and Discounted Cash Flow, as these are the two main
methods to employ before investing company funds in the purchase of fixed
assets
Module 6 :- Budgets & Forecasts
All businesses need to plan in detail
for the future. Module 6 introduces the concept of a Business Plan
supported by sales and expense budgets. Variance analysis reports are
carefully explained as a tool for a) identifying variances from Budget and
b) understanding the variances
Module 7 :- Methods of stock valuation
Stock valuation plays a very
important part in determining the profit of a business. Consequently this
Module introduces the various valuation methods, which can be used to
value stock.
How the Intermediate Bookkeeping Course Works
- Step by Step
The Course consists of seven modules
At the
end of each Module there are assignments to be completed and submitted to
the College for assessment.
Your answers are marked, commented on and valuable personalised feedback is
provided within 24 hours. Communication with the College is encouraged at
all times.
Once marked, your answers are returned to you with a full
set of model answers. In this way your personal progress is monitored and
you can work at your own pace.
