Book-Keeping Transactions and Controls Part 1

The Book-Keeping Transactions and Controls Part 1 training course is available at the Edinburgh and Glasgow Pitman Training Centres or via Online Distance Learning through our Pitman Campus.

The course is ideal for those who would like to work as a Bookkeeper or Accounts Assistant. It is a great starting point for those new to the skill of bookkeeping and who want to learn the correct processes and procedures to be able to confidently manage the financial records for a business.

Book-Keeping Transactions and Controls Part 1

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Course Info

Duration 30 hours
Training Type Course
Study Type In centre, Online

Awards & Qualifications

Awarded 30 CPD points upon successful completion

Is this course right for me?

This course is designed for those who want learn the correct processes involved in manual book-keeping.  Although the majority of businesses carry out day-to-day accounts processing on computerised systems, it’s important to understand the steps involved in the manual bookkeeping process.  Quite often smaller businesses maintain manual records, so being able to adapt and work with a manual accounting system could prove extremely valuable for your career.

Awarded 30 CPD points upon successful completion
Duration 30 hours

Course Content

Module One: The role of the bookkeeper, the difference between capital, assets and liabilities, the dual effect of transactions and the double entry system, the accounting equation, the difference between cash and credit transactions, preparing simple balance sheets, identifying transactions in ledger accounts.

Module Two: The purpose and steps used in the accounting system, the different business documents used for sales and purchases, the purpose of coding and the different coding systems.

Module Three: The basic principles of Value Added Tax, calculating VAT, constructing sales invoices, trade and cash discounts, posting sales invoices to the General Ledger.

Module Four: Checking purchase invoices for accuracy, credit notes, posting purchase invoices and credit notes to the General Ledger, the purpose of the Purchases Day Book, posting an Analysed Day Book to the General Ledger and Purchase Ledger.

Module Five: The purpose of an Analysed Sales Day Book, making postings to the General Ledger and Sales Ledger, Returns Day Bookkeeping Transactions and Controls Part 1 The course is ideal for those who would like to work as a Bookkeeper or Accounts Assistant. It is a great starting point for those new to the skill of bookkeeping and who want to learn the correct processes and procedures to be able to confidently manage the financial records for a business.
Books, identifying debit and credit entries, using day books confidently and accurately.

Module Six: The Cash Book, processing Cash Book payments and receipts, balancing the Cash Book, preparing a postings list, the purpose of credit notes to reflect prompt payment discount, using the discounts receive and discounts allowed day books, preparing a 2 column Cash Book

Module Seven: Why the Petty Cash Book is used, processing Petty Cash payments and receipts, balancing the Petty Cash Book, preparing a cheque requisition.

Module Eight: Using a Postings List to update the General Ledger, updating the Sales and Purchase Ledger from the Cash Book, balancing ledger accounts, posting balances from a list.

Module Nine: The purpose of a trial balance, preparing a trial balance, demonstrating the ability to maintain day books, prepare ledger balances and extract a trial balance

Course Overview

This course is designed for those who want learn the correct processes involved in manual book-keeping.  Although the majority of businesses carry out day-to-day accounts processing on computerised systems, it’s important to understand the steps involved in the manual bookkeeping process.  Quite often smaller businesses maintain manual records, so being able to adapt and work with a manual accounting system could prove extremely valuable for your career.

This course is suitable for those new to bookkeeping; there are no prerequisites

Flexible Workforce Development Fund (FWDF)

Claim up to £15,000 for Training your employees

This fund provides Levy Paying Companies an opportunity to up-skill or re-skill Employees and in turn, support economic growth.

Eligibility Criteria:

  • You must be a Levy Paying Employer
  • The Company must be based or operate in Scotland, wholly or partially
  • Employees must reside in Scotland

For more information on applying for this funding, contact our Course Advisors by clicking below:

———–

A funded training opportunity is now available to those facing redundancy or those who have been made redundant from March 2020 onward.

The National Transition Training Fund aims to tackle the rise in unemployment caused by Covid-19 by offering short sharp training opportunities for people to learn in-demand skills.

If you are currently under threat of redundancy, or have been made redundant at any time from the 1st March 2020 and are aged 25 or over, you can access an industry recognised qualification to help you gain employment.

For further information on how to proceed then contact us referencing the course(s) you are interested in.

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