AAT Essentials Financial accounting (1 Day)
This financial accounting one day training course reviews double-entry principles before focusing on common in-period bookkeeping transactions that re 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 is suitable for those who work in the finance department who need a grounding on routine in-period transactions.
What does the course cover?
- The principles of double-entry bookkeeping.
- Cash vs credit transactions.
- Common journals and the trial balance.
- Correction of errors and financial statements.
What skills will you gain?
- Differentiate between the roles of bookkeepers and accountants.
- Apply the principles of double-entry bookkeeping.
- Record and calculate VAT.
- Write common journals.
- Correct both disclosed and undisclosed errors and clear a suspense account.
Learning outcomes:
- Give your employees an understanding of the structure of an accounting system
- and the principles that underpin 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.
- Enable your employees to have more informed conversations with finance colleagues.
Delivery Methodology:
- Presentation by tutor
- Case study
- Practical activity
Course Duration:
1 Day (7 hours / 1 day)
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