SINGLE UNIT TITLE: Record Adjustments and prepare financial statements
Guided Learning Hours: 90 hours ASSESSMENT TIME: 2 x 2 hours
Aim
Upon the completion of study for this qualification, it is intended that the candidate will be able to:
- Use a Suspense Account and eliminate book-keeping errors
- Understand the form and function of the Trading Account, Profit and Loss Account and Balance Sheet
- Understand and apply accounting concepts and accounting policies
- Categorise items of income and expenditure
- Maintain records and make accounting adjustments relating to stock
- Maintain records and make accounting adjustments for prepayments and accruals
- Maintain records and account for the depreciation and disposal of tangible fixed assets
- Maintain records and account for bad and doubtful debts
- Prepare financial statements for a sole trader
- Prepare and extended Trial Balance for a sole trader
- Prepare financial statements for a sole trader from incomplete records
- Prepare financial statements for a ‘Not for Profit’ organisation
- Maintain records and prepare financial statements for a partnership
- Account for changes in the composition of a partnership
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Woodgrove Tutorials is an Accredited Distance Learning Training
Centre for the International Association of Bookkeepers (IAB) Courses. We offer
these courses!
Click here for more. |
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Woodgrove Tutorials is an Accredited Distance Learning Training Provider for the Institute of Certified Book-Keepers (ICB). We offer these courses!
Click here for more.
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