Book-keeping Level 2 - Module 1

This Book-keeping Level 2 course is run in Aberdeen and has been designed by Donside Consultants for those wishing to learn manual book-keeping and who are responsible for managing business or personal accounts.  It takes delegates through a step-by-step process of the basic principles.

Benefits

• Gain an introduction to the basics of keeping accurate accounting records.
• Cover unit 1 of the OCR Level 2 Certificate in Accounting and part of the IAB Level 2 Certificate in Book-keeping examination. 

Course Content

1.  The role of the book-keepe; 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.

2.  The basic principles of Value Added Tax; calculating VAT; constructing sales invoices; trade and cash discounts; posting sales invoices to the General Ledger.

3.  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.

4.  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.

5.  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.

6.  Why the Petty Cash Book is used; processing Petty Cash payments and receipts; balancing the Petty Cash Book; preparing a cheque requisition.

7.  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.

8.  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.

Learning Method

Flexible self paced

Course duration

22 hours

This course is offered through Donside Consultants' Aberdeen Training Centre.

Contact us to find out more information or to book on to this course. Telephone 01224 625803.

This course has been developed by the UK's Leading Private Training Provider who specialise in Office and IT based training.