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


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