Accounting 101: Guide to Business Accounting
- 3.8
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Brief Introduction
Accounting:A comprehensive, easy-to-follow course on bookkeeping and accounting skills geared to business professionalsDescription
GREAT ACHIEVEMENT!
Almost 7,000 STUDENTS in less than 6 MONTHS! ........... AND more than 52 REVIEWS and RATINGS!
Important notes:
- Initial price is $139, but will next increase to $199 (Jan 1st 2016)
- New lectures and updates
- Full 30 day money-back-in-full guarantee
- Support
- More than 12,000 students joined my courses and 40+ FIVE star reviews
*UK GAAP accounting standards. In this level students from countries following IAS can follow as well. In simple words, students from all countries can follow this course*
Why to learn Accountancy
- To establish your own business, you need to know some basic accounting principles in order to communicate effectively with investors, suppliers and customers
- To be better at negotiations
- To know the best price of selling. Learn how to estimate the break-even point and at which point you can reduce the price
The aim of this course is to enable students to develop:
1. an understanding of the basic principles underlying the recording of business transactions
2. The ability to maintain the books of, and prepare final accounts for, sole traders
The course is suitable for canditates who work or wish to work in areas of business that will involve the recording of financial transactions. All businesses require accurate accounting records that are maintained on a regular basis. Consequently, there is a demand for employees who possess this skills.
Syllabus topics:
1. The Accounting Equation and the basis of double-entry book-keeping
2. Recording transactions through double entry
3. Balancing accounts
4. Purchases/Sales/Returns
5. The Ledger: its subdivision
6. Day Books
7. Bank facilities/methods of payment or receipt of money
8. Cash Book and cash discount
9. Bank reconciliation
10. Petty Cash Book and the Imprest System
11. Trial Balance
12. Adjusting for accruals and prepayments in the final accounts
13. Depreciation of fixed assets
14. The entries relating to bad debts
15. The Journal
16. Capital and revenue expenditure
17. Errors in the accounts and their correction
18. Effect of Profit (or Loss) and drawings upon capital
19. Trading and Profit and Loss Accounts
20. The Balance Sheet
21. Control Accounts – an introduction
Assessment Objectives
The course will assess the candidate's ability to demonstrate:
ï‚§ï€ an understanding of the Accounting Equation and the basis of double-entry book- keeping
 how to prepare journal entries and ledger accounts by using the double entry system
 how to prepare prime entry records for purchases, sales, returns and cash
 how to prepare journal entries
 how to prepare a trial balance and the final accounts for sole traders
 an understanding of banking facilities and the operation of the cash book
 how to prepare a bank reconciliation statement
 how to make adjustments for accruals and prepayments in the final accounts
 an understandinfg of the entries necessary for the depreciation of fixed assets
 how to make entries relating to the writing off of bad debts
 an understanding of the distinction between capital and revenue expenditure
 how to correct errors in the accounts of sole traders
ï‚§ï€ an understanding of the use of control accounts as a check on the sales and purchases ledger
Skills Assessed
Candidates will need to show that they can:
add, subtract, divide and multiply, calculate and use percentages
prepare journal entries and ledger accounts
present final accounts for sole traders
What i offer:
Recorded lessons
Teacher's powerpoint slides
Book
Solutions
Past Papers
Requirements
- Requirements
- computer
- internet connection
- google chrome
Knowledge
- Verifiable Certification of completion
- Book
- Solutions
- Teachers powerpoint slides
- past paper
- An understanding of the accounting equation and the basis of the double-entry book-keeping
- How to prepare journal entries and ledger accounts by using the double-entry system
- How to prepare prime entry records for purchases, sales, returns and cash
- How to prepare journal entries
- How to prepare a Trial Balance and the Final Accounts for sole traders
- an understanding of banking facilities and the operation of the cash book
- How to prepare a Bank Reconciliation Statement
- How to make adjustments for accruals and prepayments in the Final Accounts
- An understanding of the entries necessary for the depreciation of Fixed Assets
- How to make entries relating to the writing off of Bad Debts
- An understanding of the distinction between capital and revenue expenditure
- How to correct errors in the accounts of sole traders
- An understanding of the use of Control Accounts as a check on the Sales and Purchases Ledger
Christos Pittis
3.8 Raiting
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