Module 1: Posting the opening balances at the start of a new trading year, using a trial balance to illustrate
the accounting equation, making postings to the ledger accounts, using the cash book as part of the double entry
system, understanding the various methods of making and receiving payments, reconciling till roll takings prior to
banking, learning how to prepare a bank paying in slip.
Module 2: Using the day books to update the ledger accounts, balancing the ledger accounts, reconciling
the debtors and creditors control accounts with the sales and purchase ledger accounts, using the journal to process
bookkeeping entries for contra transactions, using the journal to process the bookkeeping entries to deal with bad
debt.
Module 3: Preparing a cash reconciliation statement, the stages when preparing a bank reconciliation
statement, updating and re-balancing the cash book.
Module 4: Maintaining a self-managed credit control system, preparing monthly statements to send to
customers, aged debtor analysis.
Module 5: Comparing a supplier statement to the related purchase ledger account, knowing what action to
take in respect of any discrepancies, identifying invoices falling due for payment, preparing a remittance advice and
cheque.
Module 6: The purpose of payroll, the elements which make up gross pay, identifying typical statutory and
voluntary deductions and employer oncosts, preparing the Journal entries in order to account for payroll in the
accounts, keeping PAYE/NIC and pension creditor accounts.
Module 7: Different VAT Schemes, how the double entry system is used in order to account for VAT,
Form VAT 100, a pro forma VAT return, balancing the VAT account.
Module 8: Preparing a trial balance from the ledger accounts, using the journal to correct errors and a
clear suspense account, processing ledger transactions and preparing control accounts.
Module 9: Using the journal to start up a new set of double entry accounts, writing off bad debt, including
any associated VAT, the purpose of a suspense account, using the journal to correct errors and clear a suspense
account, processing ledger transactions and preparing control accounts.
