Bookkeeping Level 2 - Module 3

This third bookkeeping module covers many areas including using the journal, and year end accounts which include the profit and loss account and balance sheet.

 

Enquire Now

Is this for you?

An essential for anyone needing to keep the books and accounts for any business. If you’ve been studying our bookkeeping module 1 and 2 courses, this is the natural next-step to take.

Award and Associated Qualifications

Awarded 18 CPD points upon successful completion

Start Date

Flexible

Study Type

Blended, distance learning, in centre

Training Type

course

Duration

Around 18 hours

Request your Course Factsheet

For further information and pricing please fill in your details below and we will get back to you as soon as we can. Or, call the team on 0161 907 6724.

About this course

The bookkeeping level 2 - module 3 course is the third module designed to further your bookkeeping level 2 studies using the double entry system so you can keep accurate bookkeeping records. And, unlike other bookkeeping courses, this one puts the renowned Pitman Training name on your CV as proof of your skills.

Module 3 covers using the journal in order to correct bookkeeping errors, as well as to record year-end adjustments prior to preparing the final accounts a business usually prepares at year end which are, the profit and loss account and balance sheet.

There are six lessons for Bookkeeping Level 2 – Module 3.

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.

Aims and Objectives

Bookkeeping Level 2 – Module 3 is designed to follow on from modules 1 and 2 and further your book-keeping knowledge. You will continue to learn manual bookkeeping to enable you to keep full and accurate accounting records either for your own business, or for any organisation you work for. 

The course covers part of the syllabus for the OCR Level 2 bookkeeping examination requirements. By taking this, and modules 1 and 2, you will have the opportunity to go on and gain an AAT Level 2 Certificate in Bookkeping if desired.

Pre-Requisites

It would be preferable if you have studied bookkeeping modules 1 and 2 before starting this course. 

Finance Options

Wherever possible our training is tailored to your needs. The cost of our training programmes depend on the course(s) you choose and varies according to duration and breadth. Rest assured we have a number of payment options available to ensure the cost of training is affordable and can be worked alongside your other financial commitments. Common ways people fund their training include: - 

 

Self-Funded: 

  • Flexible payment plans to help you spread the cost* available at many of our centres;
  • You could opt to pay upfront.

 

 

Company Funded:

Requesting funding from your employers needn’t be a daunting task. Many employers support and encourage their employees with their professional development and consider it a worthwhile investment to fund any training required.

What we can help with:

  • Providing a comprehensive training programme outlining learning outcomes
  • Tailored personnel letters
  • Communication with finance departments to arrange payment options (upfront or payment plan*).

* Terms and Conditions apply. Speak to a Course Advisor for full information on the options available to you.

 

 

Career Path

This final bookkeeping module could help you gain a rewarding career in finance and accounts. There are a great number of options from here if you're keen to progress. You could work towards an industry recognisable AAT qualification to gain roles in Credit Control or Purchase Ledger, other roles that may be suitable include Accounts Assistant, Finance Assistant, Payroll Clerk and Sales Ledger Clerk to name just a few roles.

Looking for prices?

Request more details or call the team on 0161 907 6724

Download a Course Factsheet Now!

Simply enter your details below to download a copy of the course details straightaway. 

Whats the difference?

We offer a range of training packages in a range of subject areas and can offer blended learning opportunities to best meet your needs.

Course

Our courses are practical in nature and focus on a single subject and can last anywhere from a few hours to a few days.

Diploma

Diplomas are designed to give you a complete skillset mapped to a specific career path and contain a number of core and elective courses.

Ready to improve your career?

Personal Training?

Enquire Now

Group or Corporate?

Enquire Now

Call us now and transform your career today

0161 907 6724

Connect with us on