Bracknell & Wokingham College,
Bracknell, RG12 1DJ
Please note: Tuition fees for this course are currently under review and will be made available from May 2020. Funding may be available for these courses. Please apply now and we will inform you when we have a fee.
This course follows on from Bookkeeping and Accounts Level 1.
This course follows on from Bookkeeping and Accounts Level 1. It covers various year end adjustments and preparation of an Extended Trial Balance. Exam fee included.
What I'll learn
Preparing a revised trial balance from one initially drafted incorrectly. Completing an extended trial balance making adjustments for end of year accruals, prepayments, bad debts, doubtful debts, depreciation and closing stock.
Distinguishing between capital and revenue expenditure.
Calculating depreciation using the straight line method and reducing balance method and prepare accounts for depreciation and provision for depreciation.
In the ledger accounts writing off bad debts, creating and increasing/reducing the provision for doubtful debts account and making adjustments for accruals and prepayments. Balance accounts and bringing down balances.
Understanding the Division of the ledger and the reconciliation of the Sales ledger control account and Purchase ledger control account with individual ledger account balances in subsidiary ledgers.
Identifying different types of errors in ledger accounts, such as incorrect double entries, missing entries, numerical inconsistencies and incorrect calculations. Create and clear a suspense account where necessary. Prepare Journal entries and understand its relationship with ledger accounts.
How I'll learn
Book-keeping level 1
How to Apply
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- Log in to our website and click APPLY NOW on your chosen programme’s page to complete your application
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Please include full details of your qualifications from your own country, as well as details of any English Language tests you have taken.
Printed application forms are also available.
Please contact our Careers team if you need advice and guidance to help you choose the right programme for you.