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Accounting Principles 2 - Accounting Adjustments

Quorum Training - A Wilmington Company
Course summary
1 day
575 GBP excl. VAT
Open / Scheduled
Next available date: 03/07/2019 09:30 - London
Course Dates
London
03/07/2019 09:30 
575 GBP
08/11/2019 09:30 
575 GBP

Course description

Accounting Principles 2 - Accounting Adjustments Course

Accounting Principles 2 - Accounting Adjustments - 1-day accounting course in London

More detailed knowledge of how sales and purchase ledgers work will be provided during this course, building on the basic principles covered in the Accounting Principles 1 – Posting Basic Transactions course. Understanding why and how these ledgers interact and have to be reconciled will help those working in accounts payable and accounts receivable functions as well as for those working in other finance related functions.

The concept of writing off bad debts, valuing and writing off stock will also be covered, as would the accounting principles relating to valuing and depreciating fixed asset. This will enable delegates to understand how profits are calculated in the for profit sector, and surpluses (or deficits) are calculated in the not for profit sectors. The sessions will also explain how assets and liabilities are recorded, adjusted and valued as necessary, especially at period-end.

Case studies and worked examples will be used to give detailed explanations of how the fundamental accounting concepts work, are updated and interact with each other. Delegates will be given the opportunity to work through examples that reflect realistic everyday transactions they would come across in practice.

Suitability - Who should attend?

Staff with responsibility for preparing financial reports will gain a good understanding of how to maximise management accounting information. Team leaders and those in a supervisory capacity will also gain useful insight into how to use financial reporting as an effective management control tool.

Outcome / Qualification etc.

Training Course Content

  • Purchase and sales ledger control accounts: how these accounts assist in business’ credit control and cash flow
  • Reconciliation of control accounts: why and how these accounts have to be reconciled to ensure that management and financial accounts are accurate
  • Suspense accounts and the use of journal entries: when and how these tools are used
  • Bank reconciliation statements: the importance of reconciliations to effectively control the businesses’ financial position
  • Fixed assets: disposals and revaluations
  • Financial and management reporting: the basic statutory and good practice obligations that a company needs to comply with at the end of an accounting period
  • Expenses

    The price per place for this course is £575 plus VAT.

    Contact Quorum Training for pricing details for running this course in-house. The price will include pre-course discussions with the trainer, supporting course materials and delivery of a practical, interactive course that meets your training needs.

    About provider

    Quorum Training

    Quorum Training - Business and Finance Courses for Professionals

    Quorum Training provides a range of specialist courses designed specifically for business and finance professionals. Covering Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities. Quorum deliver bespoke in-house and public training programmes....


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    Contact info

    Quorum Training - A Wilmington Company

    5th Floor, 10 Whitechapel High Street
    E1 8QS London

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