Book Keeping in a Day


Duration - 1 Day

Cash-flow is the blood that flows through the vains of all organisations, allowing them to exist and hopefully thrive. So the ability to record and examine the finances of the organisation is and essential requirement for any good organisation.Organisations that are not able to assess quickly their financial position at a point in time, is at a serious disadvantage in the modern environment.

This course will provide those who are responsible for keeping with the "books" with the basic skills to make the right enties into the financial records.Oh - and it will also keep the Revenue Commissioners off of your back.

 

Objectives

At the end of the course the participants will understand:

  • The structure and operation of “the books”
  • "Double Entry" book-keeping
  • Basic financial statements
  • Reconciling the bank account
  • Introductory book-keeping for VAT
   
 

Overview

  • Books of prime entry
  • The dual effect - the balance sheet equation
  • The balance sheet and income and expenditure account
  • Income, expenditure, assets and liabilities
  • Double entry book-keeping - debits and credits
  • Creating a trial balance
  • Accounting adjustments (stock, depreciation, bad debts)
  • From trial balance to final accounts
  • Bank reconciliations