Business Bookkeeping & Accounts
BECOME A TRAINED, PROFESSIONAL BOOKKEEPER & ACCOUNTANT
This course will help you become a well-trained and competent bookkeeping and accounting practitioner, with the skill and ability to understand, operate and run books of account - the bookkeeping and accounts system of a small business, or section or department of a larger organisation - which will ensure you are a person who is always in demand. This Program is ideal for those who have a knowledge of bookkeeping or some practical experience, for those already employed in accounting or auditing departments, offices and firms, and those who are ambitious for promotion to better paid accounts posts. The Program is also of great value to business people, accounts and administrative staff who need to maintain accurate books of account, and to prepare informative and complete accounting statements, manually or by computer.
(1) For the period 1st April to 30th September 2020, anyone enrolling for this Program will also be enrolled free for a Course on Leadership & Organisation if you provide a personal email address;
(2) During the "Covid-19" (Corona) virus pandemic, Members may opt to take an Assignment (home-based course work) instead of an Examination to complete the Program.
- Summary of major topics
- What is included
- Related courses
- Study & Career development
Module 1 - The Ledger: the Main Book of Account
- The functions of accounting: recording, analysing, presenting
- Bookkeeping and accounting terminology
- The ledger and ledger accounts
- Double-entry bookkeeping, posting and entries, balancing accounts
Module 2 - Accounting for Cash
- Cash, the cash book: entries and posting
- Deposits into the bank and withdrawals
- The 4-column cash book
- Bank accounts, bank statements, reconciliations, bank services
Module 3 - Original Entries and Subsidiary Books
- Source documents, cash sales, credit sales, cash purchases, credit purchases
- The sales book and sales account
- The purchases book and purchases account
- The returns inwards book, the returns outwards book
Module 4 - From Opening Entries to Trial Balance
- Opening a set of books for an established business
- Ascertaining the values of assets, liabilities, capital, equity
- Journal opening entries and opening the new books of account
- The trial balance: purpose, errors, limitations
Module 5 - Preparing for the Final Accounts
- Stocktaking and stock valuation; work in progress
- Adjustments necessary, journal entries for adjustments
- Bad debts, provisions for bad and doubtful debts
Module 6 - Manufacturing and Trading Accounts
- Going concerns, consistency in presentation and content, users
- Gross profit, prime cost, turnover and ratios
- Journal closing entries
- Trading accounts examined
Module 7 - Profit & Loss Accounts
- Purpose of the profit & loss account; net profit and net loss
- A profit & loss account analysed; comparative figures and ratios
- Business partnerships, capital, current accounts, drawings, salaries, appropriation accounts
- Limited liability companies, shares and shareholders
- Board of Directors, duties
Module 8 - Balance Sheets
- Why and how balance sheets are produced, information they contain
- Balance sheets for sole-traders, partnership firms, limited companies
- Gross profit: direct expenditure, overheads, analysis
- Accounting ratios: purposes, formulae, meanings
Module 9 - Accounting for Goodwill and Discounts
- Goodwill as an asset: how it arises, valuation, bookkeeping treatment
- Trade discount, quantity discount is offered
- Cash discount, regular custom discount, prompt payment discount
- Discounts allowed and/or received
Module 10 - Accounting for Credit
- Bank and other loans, loan repayments and interest payments
- Bank overdrafts, reconciliations, dishonour of cheques
- Hire purchase, hire purchase sales and purchases, hire purchase agreements
- Bills of exchange, foreign currencies, exchange rates, import and export
- Deposit and savings accounts
Module 11 - Basic Cost Accounting; Departmental and Branch Accounts
- Principles of costing, terminology
- Costing systems, allocation of overheads, standard costing, variances
- Departmental accounting, apportionment of expenses
- Centralised branch accounting and self-accounting branches
- Branch and head office accounts; consolidated profit & loss account and balance sheet
Module 12 - Computers in Bookkeeping and Accounting
- Advantages and characteristics of computers, limitations
- Business accounting applications, manual and computerised accounts operations
- Computers: input, storage, processing, output, hardware, software, programs, databases
- Converting from manual to computerised systems; accounting packages, parallel run, going live
WHAT IS INCLUDED IN THE MODEST CIC FEE
Your CIC Fee includes:-
- Your enrolment/registration with Cambridge International College, and your own high-quality, professionally produced and illustrated comprehensive International CIC Study & Training Publications.
- A detailed, professional ‘Study & Training Guide’ with full instructions on how to study to achieve success and gain top results. The Guide includes detailed advice on how to answer Self-Assessment Tests, Training Tests and Examinations.
- Self-Assessment Tests and Recommended Answers for them, and a Progress Chart.
- Two Progress/Training Tests (which can be used as ‘Past Papers/Questions’) with an optional Tutorial Support Service.
- The Final Examination** sat under Invigilation/Supervision in your own area - full details, guidance and explanation of how your Examination will be arranged and how Invigilation is conducted will be provided when you register. Note, CIC arranges Examinations in over a hundred countries worldwide for thousands of Members every year; it is a flexible, straightforward process and will be arranged when YOU are ready to write your Examination. **An Assignment Option is available instead of an Exam for the ‘Covid-19’ (Corona) virus period.
- The prestigious Cambridge International College Diploma on successful completion of your Study & Training and on passing the Final Examination.
- Your personal page on CIC’s Member Services website with access to results, despatch details, advice and guidance, and more: www.cambridgeinternationalcollege.co.uk
- Regular information and news including: Newsletters with details of special offers and new Programs and much more; and Competition Forms; by email and post.
Everything needed for your Study & Training success is included in the CIC Fee.
- Further Study and Training Advice, and Assistance is available before, during and after CIC Study & Training; Members may ask CIC’s team of experienced Consultants for advice on further study and Programmes to improve career prospects and advancement.
- CIC’s experienced and helpful staff can assist with numerous special requests, such as reference/recommendation letters and transcripts, and more, by post and
Bookkeeping and accounting is an excellent foundation for anybody getting on to the employment ladder; it opens the door to many job opportunities in a huge variety of enterprises, and provides knowledge which is essential for anybody wishing to become a manager, executive or business-owner. Every successful organisation has at least one person with bookkeeping and accounting knowledge and ability, and larger organisations often employ many hundreds of accounts personnel; whatever the size of the organisation, good bookkeepers are valued and well paid.
This course is a great step in achieving career success and access to higher studies if needed, in accounting and other managerial fields as well.
There is a wide range of options for further study - see the "Related Courses" section for suggestions - which include Honours Diplomas, ABA & Baccalaureate Programmes, and the 'Double Award' EBA & BBA Bachelor degree Programme. You are welcome to ask the College for advice, and of course you can see details of these Programmes on this website.
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Duration & Assessments
The Study Period is one year (12 months) but this is flexible; the Diploma can be completed in a shorter period, or you can take longer if necessary.READ MORE »
To gain your Diploma you need to sit and pass an Examination** (based entirely upon the contents of the Study Materials provided to you in your Program Fee). Full and clear details about preparing for and sitting the Exam are provided to you, including in your Study & Training Guide, when you enrol. The clear information explains when, where and how your Examination will be arranged - it is a simple and straightforward process, which hundreds of thousands of other Members have successfully gone through. If you study well and follow the advice in the CIC Study & Training Guide you should be able to achieve high marks and good grades - and obtain your prestigious International Diploma!
**An Assignment Option is available instead of an Exam for the ‘Covid-19’ (Corona) virus period.
(See the College Prospectus, or the “Frequently Asked Questions” section on the “Contact Us” page of this website, if you would like more information.)
An international accredited qualification for professional development and career success showing you have substantial skills, competence and knowledge.