Intermediate Financial Accounting

Intermediate Financial Accounting

Intermediate Financial Accounting: A comprehensive detailed course by UK experienced lecturer & Chartered accountant. Must do for professional & university students as well as small businesses & aspiring accountants.

Overview

Learn beginners to advanced level of Bookkeeping , financial accounting, preparation of financial statements get a certificate of double recognition from Reed & Accounting Lecture at the end of the course, boost your CV & keep your boss happy with impressive work. Free accounting course included.

This is a comprehensive Accounting & Bookkeeping course which will increase your confidence in daily accounting work.

This course is will help you to pass AAT level 2 & 3, CAT, ACCA, AQA A level accounting exam as well as other professional & academic exams.

The course is developed with years of research , guided by a Chartered Accountant & experienced UK lecturer.

You may claim CPD hours after course completion.

Description

Your practice to pass course of AAT level 3(AVBK) Advanced Bookkeeping & final accounts preparation (FAPR). You will learn from Zero to pro of Financial accounting

*Comprehensive pre-recorded bite size hd video lectures using BPP materials.

*Course materials can be accessed online.

*Short quizzes.

*All questions and test your learnings covered from text book.

*20+ hours of lectures in small videos.

*Guaranteed satisfaction & plenty of practice.

*Revision mock video.

*Social media Student community where thousands students getting help and sharing resources.

*Top AAT country leading tutor.

All you need to do is sit with a pen, paper & calculator, watch our vides, practice & pass you exams.

Professionals in bookkeeping & accounting will gain valuable knowledge on financial accounting

Curriculum

Bookkeeping Transaction

• Books of prime entry

• Sales related day books

• Purchases related day books

• Double entry

• Activity 1

• Balancing accounts

• VAT

• Trial Balance

• Questions

Accounting principles

• SOFP/Balance sheet Proforma

• SPL/Income statement Proforma

• Accounting Equation

• Organisational Policies & Procedures

• Ethical Fundamental principles

• Threats to fundamental principles

• Test your understanding

Purchase of non current assets

• Introduction of non current assets

• Capital Vs Revenue Expenditure

• VAT on Non current asset

• Authorising Capital expenditure

• Accounting of Non Current assets

• Test Your understanding

Depreciation of non current assets

• What is depreciation

• Straight line depreciation

• Diminishing method

• Units of production method

• Assets acquared part way through

• Accounting for depreciation

• Test Your Understanding

Disposal of non current assets

• Introduction

• Disposal of non current assets

• Part Exchange

• Assets disposed partway through

• Non current asset register

• Question practice

• Summary double entry

• Test your understanding

Accruals & prepayments

• Accruals of expenses

• Reversal of accruals

• Prepaid expenses

• Reversal of prepaid expenses

• Accrued income

• Reversal of accrued income

• Prepaid income

• Reversal of prepaid income

• PAPA ALLA

• Trial balance extract

• Summary

• Test your understanding

Inventories

• Inventory intro & Cost of goods sold

• Inventory Quantity & valuation

• Calculating cost of inventory from selling price

• Fifo,Lifo & Avco theory

• Closing inventory reconciliation

• Test your understanding

Irrecoverable & doubtful debt

• Introduction

• Irrecoverable debt/ Bad debt

• Recovery of irrecoverable debt

• Doubtful debt

• Adjustment of allowance for doubtful debt

• Summary

• Test your understanding

Bank reconciliation statements

• BRS reason of differences in cash book & bank statement balance

• Steps to update cash book & BRS

• BRS long question Activity 1

• Assessment question 1

• Assessment style Activities

• Knowledge test activity

• Test your understanding

Control accounts

• Introduction

• SLCA / Receivables ledger control accounts

• PLCA / Payables ledger control accounts

• Reconciling supplier statement

• Discounts

• Contra entry

• Activity 1 & 2

• Assessment style question 1

• Assessment style question 2

• Payroll

• Test your understanding

Suspense accounts

• Introduction

• COPCOR errors not shown by trial balance

• Errors cause imbalance in trial balance

• Suspense accounts

• Adjustments & extended trial balance

• Trial balance extract activities

• Test your understanding

Extended/Adjusted trial balance

• Introduction

• Extended TB Activity 1

• Adjustments recap

• Inventories in ET

• Completing ET

• Final steps

• Test your understanding

Organisation & their final accounts

• Types of business

• Companies act

• LLP / Limited liability partnership

• Ethics

• Threats to ethical independence

• Data protection & security

• Test your learning

Incomplete records

• Introduction & errors in accounts

• VAT recap

• SLCA, VAT & Bank

• PLCA, SLCA & Bank

• Markup & margin

• Accounting Equation

• Goods drawings

• Test your learning

Accounting for sole trader

• SPL Proforma

• SOFP proforma

• Examples of SPL & SOFP

• Assessment style task

• COGS in Trial balance

• Test your learning

Accounts for partnership

• Introduction & partnership agreement

• Appropriation & current account

• Capital account

• Financing section

• Activity 1

• Activity2

• Current account debit balance

• Changes to partnership

• Goodwill

• SOFP

• Test your learning

Advanced bookkeeping with Final accounts preparation, become an accountant, boost CV get a certificate, lifetime access.

Url: View Details

What you will learn

• Double entry
• Accounting Equation
• Ledgers & balancing accounts

Rating: 2.5

Level: Intermediate Level

Duration: 20.5 hours

Instructor: Md Ilias Rubel ACCA, MBA