Final Accounts II

Course

In Milton Keynes

Price on request

Description

  • Type

    Course

  • Location

    Milton keynes

  • Class hours

    12h

Facilities

Location

Start date

Milton Keynes (Buckinghamshire)

Start date

On request

Questions & Answers

Add your question

Our advisors and other users will be able to reply to you

Who would you like to address this question to?

Fill in your details to get a reply

We will only publish your name and question

Reviews

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

Final Accounts II

Price on request