- Access to course content on mobile, tablet or desktop
- Make your own study schedule and take advantage of online tutoring hours
- Obtain a certified diploma once you finish the course.
After studying the course, students will be able to apply their knowledge and understanding to a variety of accounting problems and develop an appreciation of the role and limitations of accounting in decision-making.
Module 1: Introduction to Financial Accounting
•Understanding why it is important to keep records
•Listing the books of original entry and explaining the principle of double-entry bookkeeping
•Recording transactions from prime documents
•Entering a series of transactions into T-accounts
•How the double entry system follows the rules of the accounting equation
•How to reconcile the business bank account with the bank statement
•Balancing the accounts
•How to draw up a trial balance
•How to correct errors in the accounts
Modules 2 & 3: Final Accounts and Further Aspects
•Understanding financial accounting
•Developing the ability to produce final accounts for sole traders.
•Understanding the difference between capital expenditure and revenue expenditure
•Developing skills in making adjustments for accruals and prepayments
•How to make provisions for doubtful debts and bad debts
•Making adjustments to the accounts at the year end.
•Preparing Financial Statements: Profit and Loss Account and Balance Sheet
Unit 2: Financial Accounts and Companies
Module 4: Other Financial Accounts
Module 5: Companies and Interpretation of Accounts
•Analysis and Interpretation of Accounts
•Categories of Ratio