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.

• Outlines the basic principles of accounting, for example double entry bookkeeping, VAT and Generally Accepted Accounting Principles (GAAP).
• Demonstrates the preparation of final accounts for a sole trader and a company, including the processing of end-of-year adjustments to accounts.
• 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.
• Identifies the types and purpose of forecasts and budgets, such as cash flow and profit and loss forecasts, and the calculation of ratios.
• Explains and demonstrates bank reconciliation both manually and using TASBooks and Sage.
• Introduces a range of accounting terms and key accounting standards and concepts, including SSAPs, IFRSs, IASs, as well as consistency and prudence concepts.
• 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