It is vital that all people in an accounts department understand the debit and credit convention of accounting.
This course is a comprehensive guide to the principles of producing a set of financial accounts. It begins by clearly explaining the debit and credit convention, using a unique learning technique and demonstrating how to carefully analyse a transaction and decide how it should be recorded. The update of the nominal ledger and production of a trial balance is then carefully explained, before illustrating how the trial balance is used to produce a Profit and Loss Statement and Balance Sheet. This will give attendees complete clarity of how a set of accounts are produced and where the information comes from.
The understanding gained on this course will enable accounts people to approach their job in a more informed way, which in turn will improve the accuracy and completeness of the financial information they produce for their organisation.
The course will help all accounts people and is ideal for those who work in:
- The purchase ledger/accounts payable functions of an accounts department
- The sales ledger/accounts receivable functions of an accounts department
- The nominal ledger/general ledger functions of an accounts department
