Final Accounts II
Final Accounts II is an advance on Final Accounts I and is run in Aberdeen by Donside Consultants. The course teaches delegates how to extend the trial balance in order to prepare the final accounts of the business. It is perfect for the more experienced financier or those who already have a clear understanding of the principles of book-keeping, purchase and sales ledger. Final Accounts II is ideal for those who wish to prepare the final accounts of a business.
Students must have basic book-keeping skills. Ideally they should have completed the Basic Book-keeping, Purchase Ledger and Sales Ledger courses and must have completed Final Accounts I.
Benefits
- Learn how to extend the Trial Balance in order to prepare Final Accounts of a business (Profit and Loss account and Balance sheet).
Course Content
1. Adjustments made to the Trial Balance; capital expenditure and revenue expenditure; calculating accruals and prepayments; bad debts; calculating the value of stock.
2. Using the Journal; double entry to be used for the most common year-end adjustments; making Journal entries in order to record adjustments made in the ledger accounts.
3. Extending the Trial Balance to include Journal entries, accruals and prepayments; calculating the profit or loss of a business.
4. Preparing a P&L account and Balance Sheet; preparing a profit and loss account and balance sheet; calculating the gross profit percentage; calculating the mark up percentage.
5. Closing off the ledger accounts; identifying which balances are transferred to the next accounting period and which are transferred to the Profit and Loss account.
Learning Method
Flexible self paced
Course duration
12 hours
This course is offered through our 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.
