Accounting for transactions

Overview:

This course will work through, step-by-step, each of the most significant transactions that most businesses make and explain how these are reflected through accounting in the financial statements. These transactions include fixed/non-current assets, investments, sales and trade receivables/debtors, purchases and trade payables/creditors, accruals and prepayments.

Learning outcomes:

By completing this course, you will be able to:

• Understand the impact of Tangible Fixed/Non-current Assets and Depreciation on the financial statements
• Understand the impact of Intangible Fixed/Non-current Assets and Amortisation on the financial statements
• Understand the impact of Investments on the financial statements
• Understand the impact of Sales and Trade Receivables/Debtors on the financial statements
• Understand the impact of Purchases and Trade Payables/Creditors on the financial statements
• Understand the impact of Accruals and Prepayments on the financial statements
• Understand the impact of Inventory/Stock on the financial statements
• Understand the impact of Loans/Debentures/Financing on the financial statements
• Understand the impact of Shares and Share Capital on the financial statements

 

Authored by: Gemma Rudrum

Gemma Rudrum qualified as a chartered accountant with Ernst & Young in 2004, working in their Assurance and Advisory team. She joined BPP in 2007 as a tutor teaching financial reporting and auditing subjects. She has also worked in our Learning Media team designing and developing content and is now our Head of Work Based Learning and runs our PGCert programme.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date