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Introduction to Double Entry Bookkeeping

£99.50

The aim of this course is to give you an in depth look at double entry bookkeeping, what it is, and why it is important. It covers the main aspects of bookkeeping and financial statements.

SKU: 279656 Category:

Description

Accounting and finance_Accountancy

Description

The course is broken down in to 10 modules, covering:

1. Introduction to Double Entry Bookkeeping

1.1 Contact details

1.2 Course overview

2. Bookkeeping & Accounts

2.1 What is bookkeeping?

2.2 Why is bookkeeping needed?

2.3 What are financial accounts?

2.4 Stakeholders

2.5 The basic accounting business concept & solvency ‘vs’ insolvency

2.6 Bookkeeping & accounts quiz

3. Double Entry Bookkeeping

3.1 Concept of double entry bookkeeping

3.2 Bookkeeping transactions

3.3 Transaction categories

3.4 Debits & credits

3.5 The bank account

3.6 T accounts

3.7 Further T accounts

3.8 Stock & gross profit

3.9 Sales & purchase ledger control accounts

3.10 Chart of accounts

3.11 Double entry bookkeeping quiz

4. Bookkeeping Process

4.1 Bookkeeping process

5. Collate & Process Sales Invoices

5.1 Collate & process sales invoices

5.2 The sales invoice

5.3 The sales invoice payment

5.4 Collate & process sales invoices quiz

6. Collate & Process Purchase Invoices

6.1 Collate & process purchase invoices

6.2 The purchase invoice

6.3 The purchase invoice payment

6.4 Collate & process purchase invoices quiz

7. Perform Bank Reconciliations

7.1 What is the bank reconciliation?

7.2 Performing a bank reconciliation

7.3 Performing bank reconciliations quiz

8. Recording Adjustments

8.1 Recording adjustments

8.2 Journals

8.2 Recording adjustments quiz

9. The Trial Balance

9.1 The Trial Balance

9.2 Example Trial Balance report

9.3 Some tips to check for accuracy

9.4 Limitations of the Trial Balance

9.5 The Trial Balance quiz

10. The Financial Statements

10.1 The financial statements

10.2 The Income Statement

10.3 The Statement of Financial Position

10.4 Interpreting the financial statements

10.5 Analysis ratios

10.6 The financial statements quiz