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Home Specialist skills Finance Corporate Essentials - Financial Accounting

Corporate Essentials - Financial Accounting

Utilise the accounting system to record financial transactions, monitor business performance and apply the principles that underpin double-entry bookkeeping.
Find and correct errors.
Write journals and prepare draft financial statements.
Understand the importance of processing financial transactions accurately.
Record and calculate VAT.
Write common journals.
Correct both disclosed and undisclosed errors and clear a suspense account.

Overview

Off the shelf (OTS)

This training course reviews double-entry principles before focusing on common in-period bookkeeping transactions that are entered into the accounting system via journals. It looks at errors that can occur and how to correct them to produce initial financial statements.

This course covers
• The principles of double-entry bookkeeping.
• Cash vs credit transactions.
• Common journals and the trial balance.
• Correction of errors and financial statements.

This course is designed for non-finance professionals or those at the start of their finance journey, with no prior knowledge or experience required. Also suitable for those who work in the finance department but have limited experience or need a fast-track grounding in Accountancy & Finance.This is not a qualification and there are no exams or formal assessments included in this course, making it ideal for learners who prefer a relaxed and practical learning environment.