Accounting

This course provides students with foundational knowledge of bank accounts and their operations, including different types of accounts and banking transactions. It then introduces the final accounts of a sole trader, covering the preparation of trading, profit and loss accounts to determine business performance.

Students will learn about the balance sheet, understanding how financial statements reflect a business’s assets, liabilities, and equity. The course also explores control accounts, which help verify the accuracy of ledger balances.

Key financial management topics such as depreciation and its impact on asset valuation are covered, along with different methods of calculating depreciation used in accounting.

Additionally, students will study adjustments made to final accounts to ensure accurate financial reporting. The course concludes with bank reconciliation statements, teaching students how to identify and correct discrepancies between cash book and bank statement balances.