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Accounting and Bookkeeping Essential Skills
Double entry bookkeeping simplified. Learn how to prepare an Income Statement and a Statement of Financial Position.
This Course Includes
udemy
4 (33 reviews )
1.5 total hours 
english
Online - Self Paced
course
Udemy
About Accounting and Bookkeeping Essential Skills
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
What You Will Learn?
- 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.