Udemy Accounting skills a business person must have! Beginners Udemy
Price: AED 184

    Course details

    *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:

    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

    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

    Updated on 25 April, 2018
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