AAT Essentials Bookkeeping (1 Day)
This AAT essentials bookkeeping training course is a deep dive into the world of bookkeeping. It introduces you to the accounting system from the source documents used at the start of the process right through to preparing financial statements at the end. During the course you’ll learn how accounting systems are organised into the general and subsidiary ledgers and how to apply the principles of double-entry. Categories of accounts, VAT, reconciliations and the correction of errors is also covered.
This course is suitable for those who work in the finance department but have limited bookkeeping understanding/experience or need a fast-track grounding on accounting systems.
What does the course cover?
- Source documents and account categories.
- The principles of double-entry bookkeeping.
- Accounting for VAT.
- Books of prime entry.
- Subsidiary ledgers and control accounts.
- Reconciliations.
- Common journals and the trial balance.
- Correction of errors and financial statements.
What skills will you gain?
- Apply the principles of double-entry bookkeeping.
- Process transactions through both the general and subsidiary ledgers.
- Reconcile control accounts.
- Write common journals.
- Correct both disclosed and undisclosed errors and clear a suspense account.
- Prepare initial financial statements.
Learning outcomes:
- Give your employees a comprehensive understanding of the structure of an
accounting system and the principles that underpin double-entry bookkeeping.
- Increase your employees’ confidence in ledger accounting and advanced double-entry bookkeeping.
- Build your employees’ confidence and effectiveness by equipping them with the skills to find and correct errors, write journals and prepare draft financial statements.
- Increase your employees’ efficiency by raising their awareness of the importance of processing financial transactions accurately, to ensure your business complies with accounting standards and regulations.
- Allow employees to have more informed conversations with finance colleagues to reduce the risk of miscommunication/ misunderstanding.
Delivery Methodology:
- Presentation by tutor
- Case study
- Practical activity
Course Duration:
1 Day (7 hours / 1 day)
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