Learn Accounting

Learn Accounting

The main aim of this course is to teach learners how to prepare and understand the Statement of Profit or Loss and Statement of Financial Position for the three different forms of business - sole traders, partnerships and limited companies.

The course covers other concepts that are key to preparation of financial statements such as depreciation, irrecoverable debts, allowance for receivables and accruals and prepayments.

Financial Statements - Sole Traders, Partnership, Companies

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What you will learn

• Preparation of a Statement of Profit or Loss and Statement of Financial Position for Sole traders, Partnerships and Companies
• How to deal with adjustments in financial statements for items such as depreciation, accrued and prepaid expenses and incomes, irrecoverable debts and allowance for receivables .
• How to prepare the appropriation account for partnerships, partner's current accounts, capital accounts and the drawings account.

Rating: 4.7

Level: All Levels

Duration: 3.5 hours

Instructor: Radhika Ghelani