4 part evening bookkeeping course (6.30pm – 9.30pm)

Aims & objectives:

• To explain and demonstrate what books and records must be kept by business owners and in what format
• Explain which expenses are allowed to be claimed by businesses and those that are disallowed
• Understand the terms “Debit” and “Credit” and the double-entry system of book-keeping
• Have practised the double-entry system manually
• Know how to account for “Accruals” and “Prepayments”
• Know the function of the “Journal” and Journal entries
• how to calculate and complete a VAT return
• Be able to prepare a Bank Reconciliation Statement and understand the importance of same
• Understand the function of the Trail Balance and be able to extract a Trial Balance from the Ledger
• Understand the terms 'Profit & Loss Account' and “Balance Sheet”
• Able to prepare a standard “Profit & Loss Account” and “Balance Sheet” from the Trial Balance