Preparatory Course for Pearson LCCI Level 1 Certificate in Book-keeping

Overview:

The purpose of this introductory level course is to give students essential skills in, and knowledge of, double-entry bookkeeping.

This includes content on the following main functions:

• books of original entries

• the ability to maintain up-to-date records of all financial transactions in an

appropriate format using accounting record books (the ledgers)

• double-entry bookkeeping 

• introduction to financial statements (without provisions for doubtful debts and only two methods of depreciation).

Succession completion in this course allows progression to the LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ) and supports progression into the job market, for example, in a bookkeeping role within a large company’s finance department.

Who Should Attend:

• Business owners, Entry level executives / students looking to learn elementary accounting.

Entry Requirements:

• Able to read and write in English

Course Outline

Topics Covered:

• Recording Transactions Through Double-Entry

• Balancing Accounts

• Purchases/Sales/Returns

• The Ledger: Its Sub-Division

• Day Books

• Bank Facilities/Methods Of Payment Or Receipt Of Money

• Cash Book And Cash Discount

• Bank Reconciliation

• Petty Cash Book And The Imprest System

• Trial Balance

• Depreciation Of Fixed Assets

• The Entries Relating To Bad Debts

• Capital And Revenue Expenditure

• Effect Of Profit (Or Loss) And Drawings Upon Capital

• Income Statement

• Statement of financial position

• Control Accounts – An Introduction

• Payroll