Accounting and Bookkeeping Essential Skills

  • 3.9
1.5 hours on-demand video
$ 12.99
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Brief Introduction

Double entry bookkeeping simplified. Learn how to prepare an Income Statement and a Statement of Financial Position.

Description

After completing the Accounting and Bookkeeping Essential Skills course:

  • you will know double entry bookkeeping and be able to record double entry bookkeeping transactions

  • you will be able to balance the bank nominal (general) ledger account

  • you will know how a trial balance is produced

  • you will know the composition of the nominal (general) ledger account

  • you will know the composition of the sales ledger

  • you will know the composition of the purchases ledger

  • you will be able to enter transactions into the sales journal (sales day book)

  • you will be able to enter the double entry transactions relating to credit sales

  • you will be able to enter transactions into the purchases journal (purchases day book)

  • you will be able to enter the double entry transactions relating to credit purchases

  • you will be able to enter transactions into the sales returns journal (sales returns day book)

  • you will be able to enter the double entry transactions relating to credit sales returns

  • you will be able to enter transactions into the purchases returns journal (purchases returns day book)

  • you will be able to enter the double entry transactions relating to credit purchases returns

  • you will be able to prepare analysed subsidiary journals (subsidiary day books)

  • you will be able to enter transactions into a cash book

  • you will be able to balance a cash book

  • you will be able to identify outstanding bank receipts (lodgements) in a cash book

  • you will be able to identify outstanding (unpresented) cheques in a cash book

  • you will be able to perform a bank reconciliation

  • you will be able to prepare an Income Statement (Profit and Loss account) for a sole trader from a trial balance

  • you will be able to prepare a Statement of Financial Position (Balance Sheet) for a sole trader from a trial balance

Requirements

  • Requirements
  • You require no previous experience
  • You do not need to have any accounting or bookkeeping experience
  • Everything required is in the course
  • You need a desire to learn

Knowledge

  • You will understand double entry bookkeeping and be able to record double entry bookkeeping transactions
  • You will be able to balance the bank nominal (general ledger) account
  • You will understand how a trial balance is produced
  • You will understand the composition of the nominal (general) ledger
  • You will understand the composition of the sales ledger
  • You will understand the composition of the purchases ledger
  • You will be able to enter transactions into the sales journal (sales day book)
  • You will be able to enter the double entry transactions relating to credit sales
  • You will be able to enter transactions into the purchases journal (purchases day book)
  • You will be able to enter the double entry transactions relating to credit purchases
  • You will be able to enter transactions into the sales returns journal (sales returns day book)
  • You will be able to enter the double entry transactions relating to credit sales returns
  • You will be able to enter transactions into the purchases returns journal (purchases returns day book)
  • You will be able to enter the double entry transactions relating to credit purchases returns
  • You will be able to prepare analysed subsidiary journals/day books
  • You will be able to enter transactions into a cash book
  • You will be able to balance a cash book
  • You will be able to perform a bank reconciliation
  • You will be able to prepare an Income Statement (Profit and Loss Account) for a sole trader from a trial balance
  • You will be able to prepare a Statement of Financial Position (Balance Sheet) for a sole trader from a trial balance

Keywords

$ 12.99
English
Available now
1.5 hours on-demand video
James Shields
Udemy

Instructor

James Shields

  • 3.9 Raiting

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