Final Accounts II
BELIEVE in YOURSELF and INVEST in YOUR FUTURE
| Designed for: |
Those who wish to perform the final accounts of a business. |
| Prerequisites: |
Students must have basic book-keeping skills. Ideally they should have completed the Basic Book-keeping, Purchase Ledger and Sales Ledger courses, and must have completed Final Accounts I. |
| Objectives: |
To learn how to extend the Trial Balance in order to prepare the Final Accounts of a business (Profit and Loss account and Balance Sheet). |
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
Adjustments made to the Trial Balance
Capital Expenditure and Revenue Expenditure
Calculating depreciation and amortisation figures
Calculating accruals and prepayments
Bad debts
Calculating the value of stock
Using the Journal
Double entry to be used for the most common year-end adjustments
Making Journal entries in order to record adjustments made in the ledger accounts
Extending the Trial Balance to include Journal entries, accruals and prepayments
Calculating the profit, or loss, of the business
Preparing the P&L account and Balance Sheet
Calculating the gross profit percentage
Calculating the mark up percentage
Closing off the ledger accounts
Identifying which balances are transferred to the next accounting period and which are transferred to the Profit and Loss account
Duration
Course Duration:
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12 hours |
| What Next: |
Sage Payroll
Sage Line 50
Excel 2003 Proficient
|
Our Guarantee
Over 50,000 students per year take one of our courses. Our unique training system has been proven to work with over 98% who complete achieving a pass.
To show how confident we are in our product we guarantee:
- To give you a no quibble, full refund should you not be 100% happy following your 1st session.
- To allow you to re-sit the training and exam at no additional cost, should you not pass 1st time.
- To allow you to come back at anytime after you’ve completed the course for a free refresher. We understand that you frequently may learn a skill that you then find you don’t use for a while.
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