What you'll get

  • Govt. Verified Certification
  • Job Credibility
  • Certification Valid for Life
  • Lifetime Access To E-learning
  • On-demand video
  • Flexible Learning
  • Certificate of Completion

Exam details

  • Mode of Exam : Online
  • Duration : 1 Hour
  • Multiple Choice Questions are asked
  • No. of Questions are asked : 50
  • Passing Marks : 25 (50%)
  • There is no negative marking

Course Content

Total: 48 lectures
  • The accounting equation and the balance sheet
  • The double entry system for assets, liabilities and capital
  • The asset of stock
  • The effect of profit or loss on capital and the double entry system for expenses and revenues
  • Balancing off accounts
  • The trial balance
  • Trading and profit and loss accounts
  • Balance sheets
  • Trading and profit and loss accounts and balance sheets
  • Accounting concepts
  • Books of original entry and ledgers
  • The banking system in the UK
  • Cash books
  • The sales day book and the sales ledger
  • The purchases day book and the purchases ledger
  • The returns day books
  • The journal
  • The analytical petty cash book and the imprest system
  • Value added tax
  • Columnar day books
  • Employees’ pay
  • Computers and accounting
  • Computerised accounting systems
  • Capital expenditure and revenue expenditure
  • Bad debts, provisions for doubtful debts, and provisions for discounts on debtors 269
  • Depreciation of fixed assets: nature and calculations
  • Double entry records for depreciation
  • Accruals and prepayments and other adjustments for financial statements
  • The valuation of stock
  • Bank reconciliation statements
  • Control accounts
  • Errors not affecting trial balance agreement
  • Suspense accounts
  • Introduction to accounting ratios
  • Single entry and incomplete records
  • Receipts and payments accounts and income and expenditure accounts
  • Manufacturing accounts
  • Departmental accounts
  • Cash flow statements
  • Joint venture accounts
  • Partnership accounts: an introduction
  • Goodwill for sole traders and partnerships
  • Revaluation of partnership assets
  • Partnership dissolution
  • An introduction to the financial statements of limited liability companies
  • Purchase of existing partnership and sole traders’ businesses
  • An introduction to the analysis and interpretation of accounting statements
  • An introduction



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