Understanding of various accounting functions within an organisation. Preparing statutory financial statements, management reports and accounts.
Contents of the Module:
- Designing an Accounting system
- Account codes (Chart of Accounts)
- Posting opening balances
- Posting of daybooks
- Bank Reconciliation
- Accruals and Prepayments
- Journals
- Debtors and Creditors Schedule
- Trial Balance
- Income statement & Statement of Financial position (Balance Sheet)
- Management Accounts
- Cash Flow Statement
- Budgets
- And other management reports