Accounting Principles 1 – Posting Basic Transactions
Course
In City of London
Improve your understanding of accounting principles with this course!
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Type
Workshop
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Location
City of london
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Class hours
12h
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Duration
2 Days
This course will benefit you if you're considering a career in the accounting field. Improve your CV and gain knowledge!
This course explores the mystery of double entry postings and other basic accounting principles. It will illustrate how entries are posted in computerised accounting ledgers and show how sales, purchases and other accounting transactions relate to each other.
Case studies and worked examples are used as detailed explanations of how the concepts work, are updated and interact with each other. Delegates will work through examples reflecting everyday transactions they would come across in practice.
Accounting Principles 2 – Accounting Adjustments can be attended to develop these concepts further.
Facilities
Location
Start date
Start date
About this course
Personnel working in an accounting or finance area eg. sales and purchase ledgers. It will enable experienced staff to improve their basic understanding of accounting principles and provide new recruits with useful grounding in key principles needed in the accounting and finance world.
Reviews
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Trainer was fantastic. Best course I have ever been on. Brilliant.
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Course rating
Recommended
Centre rating
Heather Barker
Subjects
- Accounts
- Chartered Accountancy
- Business Accounting
- Financial Accounting
- Transactions
- Balance Sheet
- Sales
- Financial
- Debit Credit
- Financial Training
- Sales Training
- Profit and Loss
- Ledger Accounting
Teachers and trainers (1)
Jacqueline Williams
Teacher
Jacqueline is a freelance consultancy/trainer working in the private and charity sector. Her areas of speciality are governance, financial management and strategy. Jacqueline is a qualified accountant (Fellow of the Chartered Institute of Management Accountants) with extensive experience in audit- external and internal audit, compliance and special investigations.
Course programme
Day One
- Debits and credits
- Ledger accounting – the advantage of computerised systems
- The trial balance – preparing for final accounts
- The profit and loss account – calculating trading profit/loss
- The balance sheet – preparing the statement of financial position
Day Two
- Sales ledger – the difference between cash and credit sales, how debtors are treated, accounted for and controlled
- Purchase ledger – differentiating between cash and credit purchases, effective control of the business’ creditors
- Accruals and prepayments – the importance of such adjustments
- Other adjustments – relevant revisions of profit and loss and balance sheet amounts
- Fixed assets and depreciation – appropriate policies and how to calculate and account for such amounts
Accounting Principles 1 – Posting Basic Transactions