Double Entry Book-keeping for Beginners

This course consists of the following:

• Making entries into books of prime entry
• Preparing basic accounts
• Reading and following financial accounting statements
• Filing basics - getting organised
• Auditing your won work
• Appreciating the effect of stock control issues (FIFO, LIFO)

This course is designed to give an introduction to double-entry book-keeping and will cover a brief history of where it all began:

• The cash book
• The cash & bank contras
• The purchase day book
• The sales day book
• The purchase ledger
• The sales ledger
• The nominal or general ledger
• Stock control - FIFO, LIFO
• Putting the accounts into a statement
• The balance sheet - what is it? reading it. preparing it
• The profit & loss account - preparing it
• The cashflow forecast - what is that?

Students must have the following:

• Level 1 Maths and English (or working towards)
• Equivalent qualifications