Final Accounts I
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| Designed for: |
Those who wish to perform double-entry book-keeping in order to maintain a Nominal Ledger and extract a preliminary trial balance. |
| Prerequisites: |
Students must have basic book-keeping skills. Ideally they should have completed the Basic Book-keeping, Purchase Ledger and Sales Ledger courses. |
| Objectives: |
To learn the principles of double-entry book-keeping in order to maintain a Nominal Ledger and extract a preliminary trial balance. |
Benefits
- The flexibility and value of a self-study course designed to enable you to work at your own pace
- A personalised workbook to use as a reference guide on completion of the course
- The opportunity to gain the widely recognised Pitman Training Certificate
Course Content
Principles of double entry book-keeping
Preparing Nominal Ledger accounts
Preparing a list of balances
Use of the Profit and Loss account
Stages in the accounting process
Preparing a Postings Summary
Timing differences
Preparing a bank reconciliation statement
Understanding the payroll process
Using a Payroll Summary Record to prepare a posting summary
Making the postings to the Nominal Ledger
Purpose of the Nominal Ledger in business accounts
Writing up the Nominal Ledger accounts
Using the Nominal Ledger to prepare a preliminary Trial Balance
Duration
| Course Duration: |
16-18 hours |
| What Next: |
Final Accounts II
Sage Line 50
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