Overview

Intermediate Financial Accounting: A comprehensive detailed course by UK experienced lecturer & Chartered accountant. Must do for professional & university students as well as small businesses & aspiring accountants.OverviewLearn beginners to advanced level of Bookkeeping , financial accounting, preparation of financial statements, boost your CV & keep your boss happy with impressive work. Free accounting course included.This is a comprehensive Accounting & Bookkeeping course which will increase your confidence in daily accounting work.This course is will help you to pass AAT level 2 & 3, CAT, ACCA, AQA A level accounting exam as well as other professional & academic exams.The course is developed with years of research , guided by a Chartered Accountant & experienced UK lecturer.You may claim CPD hours after course completion.DescriptionYour practice to pass course of AAT level 3(AVBK) Advanced Bookkeeping & final accounts preparation (FAPR). You will learn from Zero to pro of Financial accounting*Comprehensive pre-recorded bite size hd video lectures using BPP materials.*Course materials can be accessed online.*Short quizzes.*All questions and test your learnings covered from text book.*20+ hours of lectures in small videos.*Guaranteed satisfaction & plenty of practice.*Revision mock video.*Social media Student community where thousands students getting help and sharing resources.*Top AAT country leading tutor.All you need to do is sit with a pen, paper & calculator, watch our vides, practice & pass you exams.Professionals in bookkeeping & accounting will gain valuable knowledge on financial accountingCurriculumBookkeeping TransactionBooks of prime entrySales related day booksPurchases related day booksDouble entryActivity 1Balancing accountsVATTrial BalanceQuestionsAccounting principlesSOFP/Balance sheet ProformaSPL/Income statement ProformaAccounting EquationOrganisational Policies & ProceduresEthical Fundamental principlesThreats to fundamental principlesTest your understandingPurchase of non current assetsIntroduction of non current assetsCapital Vs Revenue ExpenditureVAT on Non current assetAuthorising Capital expenditureAccounting of Non Current assetsTest Your understandingDepreciation of non current assetsWhat is depreciationStraight line depreciationDiminishing methodUnits of production methodAssets acquared part way throughAccounting for depreciationTest Your UnderstandingDisposal of non current assetsIntroductionDisposal of non current assetsPart ExchangeAssets disposed partway throughNon current asset registerQuestion practiceSummary double entryTest your understandingAccruals & prepaymentsAccruals of expensesReversal of accrualsPrepaid expensesReversal of prepaid expensesAccrued incomeReversal of accrued incomePrepaid incomeReversal of prepaid incomePAPA ALLATrial balance extractSummaryTest your understandingInventoriesInventory intro & Cost of goods soldInventory Quantity & valuationCalculating cost of inventory from selling priceFifo,Lifo & Avco theoryClosing inventory reconciliationTest your understandingIrrecoverable & doubtful debtIntroductionIrrecoverable debt/ Bad debtRecovery of irrecoverable debtDoubtful debtAdjustment of allowance for doubtful debtSummaryTest your understandingBank reconciliation statementsBRS reason of differences in cash book & bank statement balanceSteps to update cash book & BRSBRS long question Activity 1Assessment question 1Assessment style ActivitiesKnowledge test activityTest your understandingControl accountsIntroductionSLCA / Receivables ledger control accountsPLCA / Payables ledger control accountsReconciling supplier statementDiscountsContra entryActivity 1 & 2Assessment style question 1Assessment style question 2PayrollTest your understandingSuspense accountsIntroductionCOPCOR errors not shown by trial balanceErrors cause imbalance in trial balanceSuspense accountsAdjustments & extended trial balanceTrial balance extract activitiesTest your understandingExtended/Adjusted trial balanceIntroductionExtended TB Activity 1Adjustments recapInventories in ETCompleting ETFinal stepsTest your understandingOrganisation & their final accountsTypes of businessCompanies actLLP / Limited liability partnershipEthicsThreats to ethical independenceData protection & securityTest your learningIncomplete recordsIntroduction & errors in accountsVAT recapSLCA, VAT & BankPLCA, SLCA & BankMarkup & marginAccounting EquationGoods drawingsTest your learningAccounting for sole traderSPL ProformaSOFP proformaExamples of SPL & SOFPAssessment style taskCOGS in Trial balanceTest your learningAccounts for partnershipIntroduction & partnership agreementAppropriation & current accountCapital accountFinancing sectionActivity 1Activity2Current account debit balanceChanges to partnershipGoodwillSOFPTest your learning

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