Course Overview
Perfect for those who have completed the full range of manual book-keeping courses and now want to broaden their knowledge to prepare for a career in the book-keeping profession.
Aims and Objectives
To be familiar with the requirements of the two unit examinations in manual book-keeping included in the IAB Level 2 Certificate in Book-keeping syllabus.
Target Audiences
Those who wish to obtain a recognised Level 2 qualification in manual book-keeping.
Prerequisites
Successful completion of the following courses:
Basic Book-keeping
Purchase Ledger
Sales Ledger
Final Accounts I
Final Accounts II
Course duration
12 hours
Course Code
1010291550
Course Content
Module 1: Including: Entering transactions into books of prime entry, posting balances to the general ledger and sales ledger, processing petty cash, complying with VAT legislation, keeping a VAT account to record input and output tax, processing an analysed cash book, completing a daily takings and cash for banking form, reconciling takings to till roll print-out readings, banking cash and cheque takings, preparing sales invoices to include trade and cash discount, completing an invoices received report form, preparing the journal entry to open double entry books, calculating capital contribution.
Module 2: Including: Using the double entry book-keeping system, reconciling account balances to control accounts, bank reconciliation, sales and purchase ledger control accounts, accounting for bad debt, correcting errors, preparing a revised trial balance, preparing statements of account, reconciliation of statements of account, paying invoices falling due, using information from within the double entry system to prepare a VAT Return.
