Award: Accounting Principles
Summary
Develops a solid understanding of fundamental accounting principles and techniques and is ideal for those working in an analytical or managerial role.
Syllabus Topics
1. Accounting principles and techniques (30%)
• Reasons for keeping accounts
• Account, ledger and transaction types
• The accounting equation
• Rules of double entry, cash and credit transactions, VAT, and discounts
• Use of control accounts to ensure ledger accuracy.
2. Trial balance and financial statements (20%)
• Trial balances as platform for financial statements.
• Error correction, undetected errors and suspense account.
• Statements: Income, Financial Position and Retained Earnings Reconciliation.
• Adjustments to monetary values (incl. accrued/prepaid items, depreciation, bad debts, allowance for doubtful debt)
• Concepts, conventions and accounting standards.
3. Differences in financial reporting (10%)
• Sole trader and micro, small, medium, and large company reporting.
• Regulatory/legal requirements (FRS/UK Companies Act)
• Company report content by management and auditors.
• Relative usefulness to credit managers.
4. Budgetary control (20%)
• Budgetary control process.
• Different budget types
• Cash budgets and relevance
• Variance analysis
5. Business performance (20%)
• Working capital
• Cash operating cycle
• Ratio calculation and meaning
• Business performance measurement
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Credits: 10Email
Gillian DenversTelephone
0113 284 6683 -
Credits: 10Method
Daytime class
Location
BasingstokeStart Date
Tuesdays - END JANUARY 2020 12.00 noon - 3.00 pmPrice
TBCEmail
Brenda LingerTelephone
07802 447177 -
Credits: 10Method
Location
LondonStart Date
January - June 2020 - 21 January 2020 18:00 - 21:00Price
£535 TBCEmail
Helen BayfordTelephone
020 7133 2564 -
Credits: 10Email
CICM Credit AcademyTelephone
01780 722 909 -
Credits: 10Email
CICM Credit AcademyTelephone
01780 722 907 -
Credits: 10Email
CICM Credit AcademyTelephone
01780 722909 -
Credits: 10Email
CICM Credit AcademyTelephone
01780 722 909