Award in Accounting & Bookkeeping at QLS Level 2 Course

Description

Unlock the world of numbers and financial wizardry with our Award in Accounting & Bookkeeping at QLS Level 2. Dive into the fundamentals of accounting, from decoding basic terms to mastering the art of bookkeeping.

Discover the difference between bookkeeping and accounting and understand the intricate web of assets, liabilities, and owner's equity. With our simplified approach, you'll be recording transactions and balancing the books like a pro in no time.

Learning Outcomes

Key Features

Free Courses

What Will You Learn from This Course?

This course is your key to understanding the essential building blocks of accounting, from basic terms to mastering the art of bookkeeping. Whether you're a budding accountant or a small business owner looking to manage finances more effectively, this course provides the knowledge and skills you need to navigate the world of numbers with confidence.

Section 01: Introduction
Get acquainted with the world of accounting and bookkeeping.

Section 02: Basic Accounting Terms
Learn essential accounting terminology for a strong foundation.

Difference between Bookkeeping and Accounting
Distinguish between these crucial financial roles.

Accounting Equation - Assets, Liabilities and Owners' Equity
Understand the core equation that defines financial health.

Expanded Accounting Equation - Revenues and Expenses
Explore how revenues and expenses fit into the equation.

Transactions
Learn how to record financial transactions accurately.

Accounts
Understand the concept of accounts in accounting.

Accrual Accounting System
Discover the accrual method of accounting.

Double-Entry Accounting System - General Journal and General Ledger
Master the double-entry system and its components.

Recording Transactions
Acquire the skills to record transactions effectively.

Section 03: Common Transactions
Dive into everyday business transactions.

Credit Purchases
Understand the intricacies of credit-based purchases.

Cash Purchases
Learn how to handle cash-based purchases.

Credit Sales
Explore the world of credit-based sales.

Cash Sales
Master the art of handling cash sales.

Unearned Revenues
Understand unearned revenues and their impact.

Prepaid Expenses
Learn to account for prepaid expenses.

Unrecorded Expenses
Discover how to address unrecorded expenses.

Unrecorded Revenue
Explore the handling of unrecorded revenue.

Depreciation
Understand the concept of asset depreciation.

Types of Discounts
Learn about different types of discounts in transactions.

Discount Allowed
Understand the concept of discounts offered.

Discount Received
Explore the idea of discounts received.

Section 04: Practice
Apply your knowledge through practical exercises.

Section 05: Assignment
Complete assignments to reinforce your learning.

Certificate

Once you've successfully completed your course, you will immediately be sent a CPD Accredited PDF certificate. Also, you can have your printed certificate delivered by post (shipping cost £3.99).

After successfully completing the assignment, learners will be able to order a FREE QLS-endorsed certificate.

10 CPD hours / points Accredited by CPD Quality Standards

No prior degree or experience is required to enrol in this course.

CPD Accredited e-Certificate

Digital certificate - Included

CPD Accredited Hard Copy Certificate

Hard copy certificate - Included

You will get the hard copy certificates for Free! The delivery charge of the hard copy certificate inside the UK is £3.99 each.

QLS Endorsed Certificate

Hard copy certificate - Included