Final Accounts II
Course
In Milton Keynes
Price on request
Description
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Type
Course
-
Location
Milton keynes
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Class hours
12h
Facilities
Location
Start date
Milton Keynes
(Buckinghamshire)
Start date
On request
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Course programme
Designed for:Those who wish to perform the final accounts of a business.
Prerequisites:Students must have basic book-keeping skills. Ideally they should have
completed the Basic Book-keeping, Purchase Ledger and Sales Ledger
courses, and must have completed Final Accounts I.
Objectives: To learn how to extend the Trial Balance in order to prepare the Final Accounts of a business (Profit and Loss account and Balance Sheet).
Course Content
·Lesson One Adjustments made to the Trial Balance Capital Expenditure and Revenue Expenditure Calculating depreciation and amortisation figures Calculating accruals and prepayments Bad debts Calculating the value of stock
·Lesson Two Using the JournalDouble entry to be used for the most common year-end adjustments Making Journal entries in order to record adjustments made in the ledger accounts
· Lesson Three Extending the Trial Balance to include Journal entries, accruals and prepayments Calculating the profit, or loss, of the business
· Lesson Four Preparing the P&L account and Balance Sheet Calculating the gross profit percentage Calculating the mark up percentage
· Lesson Five Closing off the ledger accounts Identifying which balances are transferred to the next accounting period and which are transferred to the Profit and Loss account
Prerequisites:Students must have basic book-keeping skills. Ideally they should have
completed the Basic Book-keeping, Purchase Ledger and Sales Ledger
courses, and must have completed Final Accounts I.
Objectives: To learn how to extend the Trial Balance in order to prepare the Final Accounts of a business (Profit and Loss account and Balance Sheet).
Course Content
·Lesson One Adjustments made to the Trial Balance Capital Expenditure and Revenue Expenditure Calculating depreciation and amortisation figures Calculating accruals and prepayments Bad debts Calculating the value of stock
·Lesson Two Using the JournalDouble entry to be used for the most common year-end adjustments Making Journal entries in order to record adjustments made in the ledger accounts
· Lesson Three Extending the Trial Balance to include Journal entries, accruals and prepayments Calculating the profit, or loss, of the business
· Lesson Four Preparing the P&L account and Balance Sheet Calculating the gross profit percentage Calculating the mark up percentage
· Lesson Five Closing off the ledger accounts Identifying which balances are transferred to the next accounting period and which are transferred to the Profit and Loss account
Final Accounts II
Price on request