Description
By the end of the course, you‘ll be able to...
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Describe and define bookkeeping and accounting
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Explain the general purposes and functions of accounting
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Explain the differences between management and financial accounting
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Describe the main elements of financial accounting information – assets, liabilities, revenue and expenses
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Identify the main financial statements and their purposes
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Apply the essential numerical skills required for bookkeeping and accounting
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Explain the relationship between the accounting equation and double-entry bookkeeping
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Record transactions in the appropriate ledger accounts using the double-entry bookkeeping system
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Balance off ledger accounts at the end of an accounting period
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Produce a trial balance, balance sheet and a profit and loss account