Basic Bookkeeping Level 2 Module 1
Basic Bookkeeping Level 2 Module 2
Basic Bookkeeping Level 2 Module 3

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Basic Bookkeeping Level 2  Module 1

Course Objectives:
To teach manual book-keeping to cover part of the IAB Level 2 book-keeping examination requirements, as well as introduce the basics of keeping accurate accounting records to those running a small business.

Course Content:

  • Lesson 1: Including: The role of the book-keeper, 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

  • Lesson 2: Including: The basic principles of Value Added Tax, calculating VAT, constructing sales invoices, trade and cash discounts, posting sales invoices to the General Ledger

  • Lesson 3:  Including: Checking purchase invoices for accuracy, credit notes, posting purchase invoices and credit notes to the General Ledger, the purpose of the Purchases Day Book, Purchase Ledger, posting an Analysed Day Book to the General Ledger and Purchase Ledger

  • Lesson 4: Including: purpose of an Analysed Sales Day Book, making postings to the General Ledger and Sales Ledger, understanding why Returns Day Books are used, identifying debit and credit entries, using day books confidently and accurately.

  • Lesson 5:  Including: Why the Cash Book is used, processing Cash Book payments and receipts, balancing the Cash Book, preparing a postings list, preparing a 3 column Cash Book

  • Lesson 6: Including: Why the Petty Cash Book is used, processing Petty Cash payments and receipts, balancing the Petty Cash Book, preparing a cheque requisition

  • Lesson 7: Including: 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, coding day books

  • Lesson 8: Including: 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

Benefits:

  • Learn double-entry book-keeping in order to keep accurate accounting records

  • The flexibility and value of a self-study course designed to enable you to work at your own pace

  • A personalised workbook to use as a reference guide on completion of the course

  • The opportunity to gain the widely recognised Pitman Training Certificate

 

Duration: 22 hours

 


Basic Bookkeeping Level 2  Module 2

Course Objectives:
To teach manual book-keeping to cover IAB Level 2 book-keeping examination requirements, as well as enabling those running a small business to keep accurate accounting records

Prerequisites: Successful completion of the Book-keeping Level 2 Module 1 course, together with a high degree of motivation to learn manual book-keeping.

Course Content:

  • Lesson One Including: Posting the opening balances at the start of a new trading year, using a Trial Balance to illustrate the accounting equation, posting brought forward balances, making postings from a 3 column Cash Book to the ledger accounts

  • Lesson Two Including: Understanding the various methods of making and receiving payments, preparing a daily takings and cash for banking form, reconciling daily takings to a till roll report, completing a paying in slip in order to bank money received, checking eligibility for cash discount

  • Lesson Three Including: Updating and balancing the ledger accounts, reconciling the Debtors and Creditors Control accounts, using the Journal in order to process the book-keeping entries for contra transactions and bad debt, processing a returned cheque

  • Lesson Four Including: Preparing a cash reconciliation statement, the reasons why a bank reconciliation is performed, preparing a bank reconciliation statement, updating the Cash Book

  • Lesson Five Including: Knowing how to maintain a self-managed credit control system, the purpose of a monthly statement, preparing monthly statements to send to customers, the purpose of an aged debtor analysis

  • Lesson Six Including: Comparing a supplier statement to the related Purchase Ledger account, preparing a reconciliation statement, the action to take in respect of any discrepancies, identifying invoices falling due for payment, preparing a remittance advice and related payments

  • Lesson Seven Including: The purpose of payroll, the elements which make up gross pay, identifying typical statutory and voluntary deductions and employer on costs, preparing the Journal entries to account for payroll, keeping a Wages/Salaries Control account and Wages/Salaries Expenses account, keeping PAYE/NIC and Pension Creditor accounts

  • Lesson Eight Including: Different VAT schemes, knowing how the double entry system is used in order to account for VAT, Form VAT 100 and preparing a pro forma VAT return, balancing the VAT account, demonstrating the ability to process ledger transactions and prepare control accounts.

Benefits:

  • Learn double-entry book-keeping in order to keep accurate accounting records

  • The flexibility and value of a self-study course designed to enable you to work at your own pace

  • A personalised workbook to use as a reference guide on completion of the course

  • The opportunity to gain the widely recognised Pitman Training Certificate

Duration: 22 hours

 


Basic Bookkeeping Level 2  Module 3

Course Objectives:
To teach manual book-keeping to cover IAB Level 2 book-keeping examination requirements, as well as enabling those running a small business to keep accurate accounting records and prepare financial statements.

Prerequisites: Successful completion of the Book-keeping Level 2 Module 2 course, together with a high degree of motivation to learn manual book-keeping.

Course Content:

  • Lesson One Including: Preparing a Trial Balance from the ledger accounts as well as from a list of account balances, using the Journal to correct errors not disclosed by the Trial Balance, preparing a revised Trial Balance following the correction of errors

  • Lesson Two Including: Using the Journal to start up a new set of double entry accounts, knowing how to write off bad debt, including any associated VAT, the purpose of a suspense account, using the Journal to correct errors and clear a suspense account, demonstrating the ability to make journal entries and adjustments and produce a revised Trial Balance

  • Lesson Three Including: Recognising the format used when extending the Trial Balance, categorising items of income and expenditure, calculating depreciation, accruals and prepayments, calculating the value of stock consumed, using the journal to record year-end adjustments

  • Lesson Four Including: Transferring the year-end adjustments to the Extended Trial Balance, distinguishing between the different type of account, extending the balances from the Trial Balance columns to either the Profit and Loss or Balance Sheet columns, calculating the profit, or loss, of the business

  • Lesson Five Including: Preparing a Profit and Loss account and Balance Sheet, calculating the gross profit percentage, knowing how to calculate the mark up percentage

  • Lesson Six Including: Closing off the ledger accounts at the end of the accounting period, recognising when a balance is to be carried forward to the next accounting period and when it is to be transferred to the Profit and Loss account, demonstrating the ability to extend a Trial Balance and prepare the financial statements of a business.

Benefits:

  • Learn double-entry book-keeping in order to keep accurate accounting records

  • The flexibility and value of a self-study course designed to enable you to work at your own pace

  • A personalised workbook to use as a reference guide on completion of the course

  • The opportunity to gain the widely recognised Pitman Training Certificate

Duration: 18 hours

 

 


Pitman Training has given me the professional advice and confidence I needed to develop my accounting knowledge - I now have the skills that are well sought after by employers

 



 

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