Final Accounts I

Aims and Objectives
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.

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

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


Course Content
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.