Accounting skills a businessman must have! Beginners Level

Christos Pittis

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Learn Book-keeping Level 1. Boost your career by learning some accounting principles. Educate yourself for startup. Why to learn Accountancy To establish your own business, you need to know some basic accounting principles in order to communicate effectively with investors, suppliers and customers To be better at negotiations To know the best price of selling. Learn how to estimate the break-even point and at which point you can reduce the price The aim of this book is to enable students to develop: 1. an understanding of the basic principles underlying the recording of business transactions 2. The ability to maintain the books of, and prepare final accounts for, sole traders The book is suitable for canditates who work or wish to work in areas of business that will involve the recording of financial transactions. All businesses require accurate accounting records that are maintained on a regular basis. Consequently, there is a demand for employees who possess this skills. It is also suitable for young entrepreneurs and professionals. Syllabus topics: 1. The Accounting Equation and the basis of double-entry book-keeping 2. Recording transactions through double entry 3. Balancing accounts 4. Purchases/Sales/Returns 5. The Ledger: its subdivision 6. Day Books 7. Bank facilities/methods of payment or receipt of money 8. Cash Book and cash discount 9. Bank reconciliation 10. Petty Cash Book and the Imprest System 11. Trial Balance 12. Adjusting for accruals and prepayments in the final accounts 13. Depreciation of fixed assets 14. The entries relating to bad debts 15. The Journal 16. Capital and revenue expenditure 17. Errors in the accounts and their correction 18. Effect of Profit (or Loss) and drawings upon capital 19. Trading and Profit and Loss Accounts 20. The Balance Sheet 21. Control Accounts – an introduction Start reading in few seconds!

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