Intermediate Bookkeeping

Course Description

Intermediate Bookkeeping is an exciting and comprehensive course designed to take your financial accounting skills to the next level. Building upon the foundations laid in the Introduction to Bookkeeping course, this program delves deeper into the intricacies of financial statements and explores the fundamental concepts that underpin the preparation of accounts. Whether you're looking to enhance your existing bookkeeping knowledge or aiming to pursue a career in accounting administration, this course offers invaluable insights and practical skills to help you succeed in the world of finance.

What Students Will Learn

• Preparation of financial statements
• Core concepts and principles of financial record-keeping
• Advanced bookkeeping techniques
• Understanding of generally accepted accounting principles and concepts
• Skills to undertake roles as accounting administrators or bookkeepers
• Preparation for the ACCA's exam in Maintaining Financial Records (FA2)

Pre-requisites

While there are no strict prerequisites, it is recommended that students have either completed the Introduction to Bookkeeping course or have some prior knowledge of basic bookkeeping concepts. This course is designed for those who already have a foundational understanding of bookkeeping and wish to expand their expertise.

Course Content

• Generally accepted accounting principles and concepts
• Principles and processes of bookkeeping
• Preparation of journal entries
• Recording transactions and events
• Preparing the trial balance and correcting errors
• Extending the trial balance
• Accounting for Partnerships
• Basic financial statements
• Fundamental concepts underpinning account preparation

Who This Course Is For

• Students who have completed the Introduction to Bookkeeping course and want to advance their knowledge
• Individuals with some prior bookkeeping experience looking to expand their skill set
• Aspiring accounting administrators or bookkeepers
• Professionals preparing for the ACCA's exam in Maintaining Financial Records (FA2)
• Anyone interested in gaining a deeper understanding of financial accounting principles and practices

Real-World Applications

The skills acquired in this course have numerous practical applications in the real world. Graduates will be well-equipped to:

• Take on roles as accounting administrators or bookkeepers in various industries
• Manage financial records for small to medium-sized businesses
• Prepare and interpret basic financial statements
• Assist in financial decision-making processes within organizations
• Apply for more advanced positions in the accounting field
• Pursue further education in finance and accounting
• Sit for the ACCA's exam in Maintaining Financial Records (FA2)

Syllabus

1. Generally accepted accounting principles and concepts
2. The principles and process of bookkeeping
3. Preparation of journal entries
4. Recording transactions and events
5. Preparing the trial balance and correcting errors
6. Extending the trial balance
7. Accounting for Partnerships