By the end of the session, you will be able to:

• Recapped the cash book

• Outline the purpose and content of a petty cash voucher and maintain petty cash records

• Process a recurring entry and answer questions relating to these areas.

• Define control accounts and subsidiary ledgers 

  
  

• Understand how books of prime entry are processed into the double-entry bookkeeping system 

• Identify different types of businesses and accounting

  
  

• Understand the purpose of the financial statements - the statement of profit and loss and the statement of financial position

  
  

• Classify capital and revenue expenditure

  
  

• Classify assets, liabilities, equity (capital), income (revenue) and expenses (costs)

  
  

  and answer questions relating to these areas

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By the end of this session you will: 

• be familiar with the course, myself and other students

• be able to outline the purpose and content of a number of business documents including a quotation, purchase order, sales order, delivery note, invoice and credit note 

• understand different types of codes and be able to create and use codes 

• Create specific financial documents

• Understand and calculate bulk, trade and prompt payment discounts

• Recognise and differentiate between various books of prime entry.

• Learn how to record transactions in books of prime entry accurately.

• Account for transactions (debits and credits) in ledger accounts as part of the general ledger 

  
  

• Balance off ledger accounts 

  
  

• Understand the purpose of the trial balance 

  
  

• Prepare an initial trial balance 

  
  

• The role of digital bookkeeping systems including the benefits and drawbacks and answer questions relating to these areas. 

• Understand the purpose and layout of the cash book.

• Record cash and bank transactions accurately.

• Balance the cash book and identify any differences with the bank statement.

• Review and reinforce key concepts and material covered in the course.

  
  

• Identify and address areas of weakness or misunderstandings.

  
  

• Practice and apply knowledge through various exercises

• Account for credit sales and credit purchases 

  
  

• Calculate amounts to appear on an invoice (taking into consideration discounts) 

  
  

• Account for receipts from receivables and prompt payment discounts 

  
  

• Account for payments to suppliers and prompt payment discounts 

• Review and reinforce key concepts and material covered in the course.

  
  

• Identify and address areas of weakness or misunderstandings.

  
  

• Practice and apply knowledge through various exercises

• Review and reinforce key concepts and material covered in the course.

  
  

• Identify and address areas of weakness or misunderstandings.

  
  

• Practice and apply knowledge through various exercises

• Review and reinforce key concepts and material covered in the course.

  
  

• Identify and address areas of weakness or misunderstandings.

  
  

• Practice and apply knowledge through various exercises