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Accounting skills a business person must have! Beginners Level

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Learn Book-keeping Level 1. Boost your career by learning some accounting principles. Educate yourself for startup.

Why to learn Accountancy

To establish your own business, you need to know some basic accounting principles in order to communicate effectively with investors, suppliers and customers
To be better at negotiations
To know the best price of selling. Learn how to estimate the break-even point and at which point you can reduce the price

The aim of this book is to enable students to develop:
1. an understanding of the basic principles underlying the recording of business transactions
2. The ability to maintain the books of, and prepare final accounts for, sole traders

The book is suitable for canditates who work or wish to work in areas of business that will involve the recording of financial transactions. All businesses require accurate accounting records that are maintained on a regular basis. Consequently, there is a demand for employees who possess this skills. It is also suitable for young entrepreneurs and professionals.

Syllabus topics:

1. The Accounting Equation and the basis of double-entry book-keeping

2. Recording transactions through double entry

3. Balancing accounts

4. Purchases/Sales/Returns

5. The Ledger: its subdivision

6. Day Books

7. Bank facilities/methods of payment or receipt of money

8. Cash Book and cash discount

9. Bank reconciliation

10. Petty Cash Book and the Imprest System

11. Trial Balance

12. Adjusting for accruals and prepayments in the final accounts

13. Depreciation of fixed assets

14. The entries relating to bad debts

15. The Journal

16. Capital and revenue expenditure

17. Errors in the accounts and their correction

18. Effect of Profit (or Loss) and drawings upon capital

19. Trading and Profit and Loss Accounts

20. The Balance Sheet

21. Control Accounts – an introduction

346 pages, Kindle Edition

First published May 5, 2014

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About the author

Christos Pittis

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