Course Overview

This course builds on the basic principles covered inAccounting Principles1and develops these important concepts further. The course will enable those working in the accounting and finance functions to understand how these more complex book-keeping functions work, and interact with each other. Staff with responsibility for preparing financial reports will gain a good understanding of how to maximise management accounting information; team leaders and those in a supervisory capacity will also gain useful insight into how to use financial reporting as an effective management control tool.

Course Content
    Purchase and sales ledger control accounts -how these accounts assist in credit control and cash flow
    Reconciliation of control accounts -why and how these accounts have to be reconciled to ensure that management and financial accounts are accurate
    Suspense accounts and the use of journal entries -when and how these tools are used
    Bank reconciliation statements -the importance of reconciliations to effectively control the businesses financial position
    Fixed assets -disposals and revaluations
    Financial and management reporting -what are the basic statuory and good practice obligations that a company needs to comply with at the end of an accounting period
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Target Audience:    Personnel working in an accounting or finance area eg sales and purchase ledgers. It will enable experienced staff to improve their basic understanding of accounting principles and will provide new recruits with useful grounding in key principles needed to operate in the accounting and finance world.

Course Requirement: Calculators (Preferably HP-12C calculators)