Publisher's Synopsis
This practical introduction to preparing financial statements - both manually and using integrated accounting software like TASBooks and Sage - is written for the revised Accounting Manual and Computerised [5N1348] and Bookkeeping Manual and Computerised [5N1354] modules.
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Outlines the basic principles of accounting, for example double entry bookkeeping, VAT and Generally Accepted Accounting Principles (GAAP).
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Demonstrates the preparation of final accounts for a sole trader and a company, including the processing of end-of-year adjustments to accounts.
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Presents basic computer principles and instructs on the application and use of integrated accounting packages (TASBooks and Sage) in the preparation of financial statements and the processing of end-of-year adjustments.
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Identifies the types and purpose of forecasts and budgets, such as cash flow and profit and loss forecasts, and the calculation of ratios.
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Explains and demonstrates bank reconciliation both manually and using TASBooks and Sage.
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Introduces a range of accounting terms and key accounting standards and concepts, including SSAPs, IFRSs, IASs, as well as consistency and prudence concepts.
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Explains the internal and external roles of the auditor.
- Demonstrates file management functions and system security in TASBooks and Sage.
Written For:
Accounting Manual and Computerised [5N1348] and Bookkeeping Manual and Computerised [5N1354], which form part of:
- Office Administration
- Business Studies
- Business Administration
- eBusiness
- Information Processing
- Marketing
- International Trade
- Legal Studies
- Tourism with Business