Intermediate Financial Accounting

Master Financial Accounting: A Comprehensive Course for Professionals & Businesses

Unlock your potential in the world of finance with this in-depth financial accounting course, designed for both beginners and experienced professionals. Developed by a seasoned UK lecturer and Chartered Accountant, this course provides a clear path to mastering essential accounting principles and boosting your career prospects. Whether you're a student, a small business owner, or aspiring accountant, this course is a must-do.

What You'll Learn:

• Bookkeeping Fundamentals: Build a strong foundation in bookkeeping practices, from basic transactions to advanced recording methods.
• Financial Accounting Expertise: Develop a comprehensive understanding of financial accounting principles and their application.
• Financial Statement Preparation: Learn to prepare accurate and insightful financial statements (Profit & Loss/Income Statement, Balance Sheet, Statement of Profit or Loss Proforma) that drive informed business decisions.
• Boost Your CV: Gain the skills and knowledge employers seek, making you a highly competitive candidate.
• Impress Your Boss: Enhance your daily accounting work with confidence and precision.
• Prepare for Exams: This course is specifically designed to help you pass AAT Level 2 & 3, CAT, ACCA, and AQA A Level Accounting exams.
• CPD Hours: Claim valuable Continuing Professional Development (CPD) hours upon course completion.

Course Highlights:

• Expert Instruction: Learn from a top AAT country leading tutor with years of experience.
• Bite-Sized HD Video Lectures: Engaging, pre-recorded lectures using BPP materials, broken down into manageable segments.
• Online Access: Access course materials anytime, anywhere.
• Practice & Reinforcement: Short quizzes and questions to test your understanding after each section.
• Comprehensive Coverage: All questions and tests are based on textbook content.
• Extensive Content: Over 20 hours of video lectures, packed with practical examples.
• Guaranteed Satisfaction: We're confident you'll succeed!
• Revision Mock Video: Prepare for your exams with a realistic mock test.
• Supportive Community: Join our social media student community for help, resources, and peer support.

Course Curriculum:

This course covers a comprehensive range of topics, including:

• Bookkeeping:
  • Bookkeeping Transactions
  • Sales Day Books
  • Purchases Day Books
  • Double-Entry Bookkeeping
  • Balancing Accounts
  • VAT Fundamentals
  • Trial Balance
• Financial Accounting:
  • Accounting Principles
  • Statement of Profit or Loss (SPL)/Income Statement
  • Balance Sheet
  • Accounting Equation
  • Organisational Policies & Procedures
  • Ethical Fundamental Principles & Threats to Ethics
  • Non-Current Assets: Purchase, Capital vs. Revenue Expenditure, VAT, Authorisation, Accounting, Depreciation (Straight Line, Diminishing, Units of Production), Disposal, Non-Current Asset Register
  • Accruals & Prepayments: Expenses & Income
  • Inventories: Cost of Goods Sold (FIFO, LIFO, AVCO), Closing Inventory Reconciliation
  • Irrecoverable & Doubtful Debts: Recovery, Allowance for Doubtful Debts
  • Bank Reconciliation Statements
  • Control Accounts (SLCA/PLCA)
  • Discounts & Contra Entries
  • Payroll
  • Suspense Accounts & Extended Trial Balance
  • Extended/Adjusted Trial Balance
  • Organisation & Final Accounts: Types of Business, Companies Act, LLPs, Ethics, Data Protection & Security
  • Incomplete Records & Errors in Accounts
  • VAT Recap
  • Markup & Margin
  • Accounting Equation & Goods Drawings
  • Accounting for Sole Traders (SPL & SOF)
  • Accounting for Partnerships: Partnership Agreement, Appropriation & Current Account, Capital Account, Financing Section, Goodwill
  • Current Account Debit Balance & Changes to Partnerships

Who is this course for?

• Professional Accountants: Enhance your skills and knowledge.
• University Students: Supplement your studies and gain practical experience.
• Small Business Owners: Manage your finances effectively.
• Aspiring Accountants: Build a strong foundation for a successful career.