Intermediate Financial Accounting

Intermediate Financial Accounting: A comprehensive detailed course by UK experienced lecturer & Chartered accountant. Must do for professional & university students as well as small businesses & aspiring accountants.

Overview

Learn beginners to advanced level of Bookkeeping , financial accounting, preparation of financial statements, boost your CV & keep your boss happy with impressive work. Free accounting course included.

This is a comprehensive Accounting & Bookkeeping course which will increase your confidence in daily accounting work.

This course is will help you to pass AAT level 2 & 3, CAT, ACCA, AQA A level accounting exam as well as other professional & academic exams.

The course is developed with years of research , guided by a Chartered Accountant & experienced UK lecturer.

You may claim CPD hours after course completion.

Description

Your practice to pass course of AAT level 3(AVBK) Advanced Bookkeeping & final accounts preparation (FAPR). You will learn from Zero to pro of Financial accounting

*Comprehensive pre-recorded bite size hd video lectures using BPP materials.

*Course materials can be accessed online.

*Short quizzes.

*All questions and test your learnings covered from text book.

*20+ hours of lectures in small videos.

*Guaranteed satisfaction & plenty of practice.

*Revision mock video.

*Social media Student community where thousands students getting help and sharing resources.

*Top AAT country leading tutor.

All you need to do is sit with a pen, paper & calculator, watch our vides, practice & pass you exams.

Professionals in bookkeeping & accounting will gain valuable knowledge on financial accounting

Curriculum

Bookkeeping Transaction

• Books of prime entry

• Sales related day books

• Purchases related day books

• Double entry

• Activity 1

• Balancing accounts

• VAT

• Trial Balance

• Questions

Accounting principles

• SOFP/Balance sheet Proforma

• SPL/Income statement Proforma

• Accounting Equation

• Organisational Policies & Procedures

• Ethical Fundamental principles

• Threats to fundamental principles

• Test your understanding

Purchase of non current assets

• Introduction of non current assets

• Capital Vs Revenue Expenditure

• VAT on Non current asset

• Authorising Capital expenditure

• Accounting of Non Current assets

• Test Your understanding

Depreciation of non current assets

• What is depreciation

• Straight line depreciation

• Diminishing method

• Units of production method

• Assets acquared part way through

• Accounting for depreciation

• Test Your Understanding

Disposal of non current assets

• Introduction

• Disposal of non current assets

• Part Exchange

• Assets disposed partway through

• Non current asset register

• Question practice

• Summary double entry

• Test your understanding

Accruals & prepayments

• Accruals of expenses

• Reversal of accruals

• Prepaid expenses

• Reversal of prepaid expenses

• Accrued income

• Reversal of accrued income

• Prepaid income

• Reversal of prepaid income

• PAPA ALLA

• Trial balance extract

• Summary

• Test your understanding

Inventories

• Inventory intro & Cost of goods sold

• Inventory Quantity & valuation

• Calculating cost of inventory from selling price

• Fifo,Lifo & Avco theory

• Closing inventory reconciliation

• Test your understanding

Irrecoverable & doubtful debt

• Introduction

• Irrecoverable debt/ Bad debt

• Recovery of irrecoverable debt

• Doubtful debt

• Adjustment of allowance for doubtful debt

• Summary

• Test your understanding

Bank reconciliation statements

• BRS reason of differences in cash book & bank statement balance

• Steps to update cash book & BRS

• BRS long question Activity 1

• Assessment question 1

• Assessment style Activities

• Knowledge test activity

• Test your understanding

Control accounts

• Introduction

• SLCA / Receivables ledger control accounts

• PLCA / Payables ledger control accounts

• Reconciling supplier statement

• Discounts

• Contra entry

• Activity 1 & 2

• Assessment style question 1

• Assessment style question 2

• Payroll

• Test your understanding

Suspense accounts

• Introduction

• COPCOR errors not shown by trial balance

• Errors cause imbalance in trial balance

• Suspense accounts

• Adjustments & extended trial balance

• Trial balance extract activities

• Test your understanding

Extended/Adjusted trial balance

• Introduction

• Extended TB Activity 1

• Adjustments recap

• Inventories in ET

• Completing ET

• Final steps

• Test your understanding

Organisation & their final accounts

• Types of business

• Companies act

• LLP / Limited liability partnership

• Ethics

• Threats to ethical independence

• Data protection & security

• Test your learning

Incomplete records

• Introduction & errors in accounts

• VAT recap

• SLCA, VAT & Bank

• PLCA, SLCA & Bank

• Markup & margin

• Accounting Equation

• Goods drawings

• Test your learning

Accounting for sole trader

• SPL Proforma

• SOFP proforma

• Examples of SPL & SOFP

• Assessment style task

• COGS in Trial balance

• Test your learning

Accounts for partnership

• Introduction & partnership agreement

• Appropriation & current account

• Capital account

• Financing section

• Activity 1

• Activity2

• Current account debit balance

• Changes to partnership

• Goodwill

• SOFP

• Test your learning

Rating Distribution

• 1 stars: 1 votes
• 2 stars: 2 votes
• 3 stars: 0 votes
• 4 stars: 6 votes
• 5 stars: 7 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!