A complete hands-on case on a simulated company, from the first purchase and sales invoices through cash, bank, inventory and settlements, all the way to the balance sheet. The closest experience to your first day on the job.
Course Curriculum
| 1. The Company and Its Documents | |||
| 1.1 Meet the case company Details | 00:05:00 | ||
| 1.2 Source documents and why they matter Details | 00:07:00 | ||
| 1.3 Document flow between departments Details | 00:08:00 | ||
| 1.4 Setting up the opening balances Details | 00:07:00 | ||
| 2. Purchasing Cycle | |||
| 2.1 Purchase request and purchase order Details | 00:06:00 | ||
| 2.2 Goods received note and supplier invoice Details | 00:07:00 | ||
| 2.3 Recording purchases and VAT input Details | 00:08:00 | ||
| 2.4 Supplier payments and statements Details | 00:07:00 | ||
| 3. Sales Cycle | |||
| 3.1 Quotation, sales order and delivery Details | 00:06:00 | ||
| 3.2 Sales invoice and VAT output Details | 00:08:00 | ||
| 3.3 Collections and customer statements Details | 00:07:00 | ||
| 3.4 Sales returns and credit notes Details | 00:06:00 | ||
| 4. Cash, Bank and Petty Cash | |||
| 4.1 Receipt and payment vouchers Details | 00:07:00 | ||
| 4.2 Petty cash and custody settlement Details | 00:07:00 | ||
| 4.3 Cheques and bank transfers Details | 00:06:00 | ||
| 4.4 Monthly bank reconciliation Details | 00:09:00 | ||
| 5. Inventory and Fixed Assets | |||
| 5.1 Stock in and stock out documents Details | 00:07:00 | ||
| 5.2 Inventory costing: FIFO and weighted average Details | 00:09:00 | ||
| 5.3 Stock count and differences Details | 00:07:00 | ||
| 5.4 Fixed asset register and depreciation Details | 00:08:00 | ||
| 6. Month-End and Year-End Close | |||
| 6.1 Accruals and month-end checklist Details | 00:08:00 | ||
| 6.2 Trial balance review Details | 00:07:00 | ||
| 6.3 Preparing the financial statements Details | 00:10:00 | ||
| 6.4 Final project: close the company’s year Details | 00:15:00 | ||
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