Accounting and Bookkeeping Essential Skills

After completing the Accounting and Bookkeeping Essential Skills course: you will know double entry bookkeeping and be able to record double entry bookkeeping transactions you will be able to balance the bank nominal (general) ledger account you will know how a trial balance is produced you will know the composition of the nominal (general) ledger account you will know the composition of the sales ledger you will know the composition of the purchases ledger you will be able to enter transactions into the sales journal (sales day book) you will be able to enter the double entry transactions relating to credit sales you will be able to enter transactions into the purchases journal (purchases day book) you will be able to enter the double entry transactions relating to credit purchases you will be able to enter transactions into the sales returns journal (sales returns day book) you will be able to enter the double entry transactions relating to credit sales returns you will be able to enter transactions into the purchases returns journal (purchases returns day book) you will be able to enter the double entry transactions relating to credit purchases returns you will be able to prepare analysed subsidiary journals (subsidiary day books) you will be able to enter transactions into a cash book you will be able to balance a cash book you will be able to identify outstanding bank receipts (lodgements) in a cash book you will be able to identify outstanding (unpresented) cheques in a cash book you will be able to perform a bank reconciliation you will be able to prepare an Income Statement (Profit and Loss account) for a sole trader from a trial balance you will be able to prepare a Statement of Financial Position (Balance Sheet) for a sole trader from a trial balance

Requirements You require no previous experience You do not need to have any accounting or bookkeeping experience Everything required is in the course You need a desire to learn