Final Accounts 1

Course Overview

Learn the principles of double entry book-keeping in order to maintain a nominal ledger and extract a preliminary trial balance. In this course you will also gain a clear understanding of profit and loss account and the payroll process. Successful completion of this course will enable you to work towards further qualifications.

To learn the principles of double-entry book-keeping in order to maintain a Nominal Ledger and extract a preliminary trial balance. The flexibility and value of self-study course designed to enable you to work at your own pace.
A personalised workbook to use as a reference guide on completion of the course. The opportunity to gain the widely recognised Pitman Training Certificate.

Those who wish to perform double-entry book-keeping in order to maintain a Nominal Ledger and exact a preliminary trial balance.

Students must have basic book-keeping skills. Ideally they should have completed the Basic Book-keeping, Purchase Ledger and Sales Ledger courses.

16-18 hours

Lesson 1:

Principles of double entry book-keeping; preparing Nominal Ledger accounts; preparing a list of balances.

Lesson 2:

Use of the Profit and Loss account; stages in the accounting process; preparing a postings summary.

Lesson 3:

Timing differences; preparing a bank reconciliation statement.

Lesson 4:

Understanding the payroll process; using a payroll summary record to prepare a posting summary; making the postings to the Nominal Ledger.

Lesson 5:

Purpose of the Nominal Ledger in business accounts; writing up the Nominal Ledger accounts.

Lesson 6:

Using the Nominal Ledger to prepare a preliminary trial balance