This course has been developed to provide the learner with the knowledge, skill and competence to understand the concepts and terminology and principles of Bookkeeping in the Workplace and produce and maintain accurate bookkeeping records for a range of organisations, using manual and computerised systems. Key elements of the programme include understanding the elements of financial Statements & Reports, Day Books, Bank Reconciliations VAT Returns & ROS systems, accruals & prepayments, control accounts & account reconciliations as well as a key understanding of key performance indicators.
- Explain the key terminology associated with the recording and maintenance of bookkeeping records, using manual and computerised systemsOutline the advantages and disadvantages of a computerised system over a manual one for record keeping purposes
- Complete the books of first entry with appropriate VAT and departmental analysis from the information contained in a range of source documents to include; invoices, credit notes, bank records, petty cash vouchers
- Post the information from the daybooks to the appropriate accounts in the ledgers
- Extract a trial balance at the end of an accounting period
- Prepare a Bank Reconciliation Statement from data supplied
- Prepare the end-of-period VAT Return in accordance with the requirements of the Revenue Commissioners
- Process all tasks as per the manual ones using an accounts package, comparing manual and computerised results
- Analyse tasks completed making appropriate corrections to any errors and editing of data as directed
- Print a selection of reports after backing up computerised data on a suitable medium.