Practical Accounts & Bookkeeping Automated Overview
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Practical Accounts & Bookkeeping Automated Overview

An Overview of the Recording, plus Year End Procedures Automated by an Excel Template
4.2 (17 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,059 students enrolled
Last updated 1/2016
English
Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 4.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 1. An Accounting Template Overview
  • 2. A Chart of Accounts Overview
  • 3. Overview of the Recording for Opening Balances, Incomes, Receipts, Expenses, Fixed Assets, Payments, Loans, Credit Cards, Creditors, Debtors, etc.
  • 4. Periodic Reports Overview
  • 5. Year-end Adjustments and Procedures Overview
  • 6. Presenting Final Accounts and Supporting Reports Overview
View Curriculum
Requirements
  • Not much since its just an overview, in preparation for the main course.
  • What is required is an eager mind ready to learn.
Description

Welcome to Practical Accounts and Bookkeeping Automated, where you get an overview of the whole Practical Accounting Process, all the way from Opening Balances, to the Recording, Periodic Reports, Year-end Procedures, Final Accounts, plus Supporting Reports, all done and automated with an Excel Template.

As opposed to Accounting Theory, get to know what is done in Accounting Firms, speeded up by an Excel Template. Get an insight into the Real Accounts, as desired by Tax Authorities.

What is Covered:

  • An Accounting Template Overview
  • A Chart of Accounts Overview
  • The Double Entry Page
  • A Recording Form
  • Interpreting Recorded Information
  • Opening Balances Recording Overview
  • An Overview of Recording Income Documents and Transactions
  • An Overview of Recording Receipts Documents and Transactions
  • An Overview of Recording Cost of Sales Documents and Transactions
  • An Overview of Recording Overhead Documents and Transactions
  • An Overview of Recording Fixed Asset Documents and Transactions
  • An Overview of Recording Payment Documents and Transactions
  • An Overview of Recording Loan and Credit Card Documents and Transactions
  • An Overview of Recording Creditors Documents and Transactions
  • An Overview of Recording Debtors Documents and Transactions
  • An Overview of Other Recordings Without Vat
  • An Overview of Periodic Reports
  • An Overview of 72 Accounting Reports
  • An Overview of Year-end Adjustments and Procedures
  • An Overview of the Presenting of Final Accounts and Supporting Reports

For this overview, all that is used are Videos.

What is the target audience?

  • business owners
  • managers
  • business students
  • beginning accounting students


Who is the target audience?
  • Anybody interested in getting an Overview of Practical Accounts and Bookkeeping, Automated.
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Curriculum For This Course
30 Lectures
04:24:56
+
Chapter 1: Introduction
7 Lectures 01:31:08

Get a brief background to the design of this course: Practical Accounts and Bookkeeping Automated.

Preview 02:32

knowing what is covered in the Course

Preview 04:30

Knowing the 14 Menus or Sections on the Accounting Ribbon, plus the facilities in each of them.

Preview 16:10

Identify the 265 Accounts created or modified for A Sole Trader.

1.4 Chart of Accounts
19:26

Identify the columns of required information before transactions can be updated to the Reports.
1.5 Double Entry Page
16:36

Able to use a Standard Recording; selecting accounts, typing amounts, Narration, document number, Date, plus month.

1.6 A Recording Form Layout
12:06

Able to interpret information pasted on the Double Entry Page

1.7 Interpreting Recorded Information
19:48
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2. An Overview of All Template Reports
7 Lectures 46:18

Being introduced to all Periodic Reports Automatically prepared by the Template


2.1 An Overview of all Periodic Reports
11:32

Getting an Overview of the 72 Year-end Reports, with some focus on Financial Statements, Tax Return Extract, and Year-end Adjustments.

2.2 An Overview of Accounting Reports and Sections A, B and C
08:25

Getting an Overview of Vat, Wage and Income Reports

2.3 An Overview of Reports in Sections D, E and F
04:58

Getting an Overview of Expenses and Fixed Asset Reports

2.4 An Overview of Reports in Sections G and H
07:30

Getting an Overview of Stock, Debtors, and Bank Reports
2.5 An Overview of Reports in Sections J, K and L
05:09

Getting an Overview of Cash, Other Current Assets, and Creditor Reports

2.6 An Overview of Reports in Sections M, N and P
03:50

Getting an Overview of Long-term Liability, Other Current Liability, and Equity Reports

2.7 An Overview of Reports in Sections Q, R and S
04:54
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3. Reviewing VAT and Documents Management
2 Lectures 36:24

Review the Registration, Rates, Reporting and Verification

3.1 Value Added Tax
19:43

Get a quick overview of the Documents Management system

3.2 Documents Management
16:41
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4. Recording Opening Balances and Document Based Reversals
1 Lecture 07:38
Able to record Opening Balances for the Creditors, Debtors and General Ledger, plus Opening Reversals. However, start by adding and customising accounts
4. Recording Opening Balances and Document Based Reversals
07:38
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5. Recording Income Documents and Transactions
1 Lecture 05:01

Able to record Receipts, Invoices, Debit Notes, Credit Notes, Returns Vouchers, and others.

5. Recording Income and Receipts Documents and Transactions
05:01
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6. Recording Overheard Expense Documents and Transactions
1 Lecture 06:06

Able to record documents for Overheads Paid, Refunded, Invoice, Debit Note and Credit Note.

6. Recording Overheard Expense Documents and Transactions
06:06
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7. Recording Cost of Sales Documents and Transactions
1 Lecture 09:37

Able to record documents for Cost of Sales Paid, Refunded, Invoice, Debit Note and Credit Note.

7. Recording Cost of Sales Documents and Transactions
09:37
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8. Recording Fixed Asset Documents & Transactions
1 Lecture 07:55

Able to record documents for Fixed Assets Paid, Refunded, Invoice, Debit Note, Credit Note, Owner's Assets, and Disposals.

8. Recording Fixed Asset Documents & Transactions
07:55
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9 Recording Payment Documents & Transactions
1 Lecture 06:45

Able to record Payments documents although the following are covered in other sections: Cost of Sales, Overhead Expenses, Fixed Assets, Income Refund, Creditors, Debtors

9 Recording Payment Documents & Transactions
06:45
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10 Recording Receipts Documents & Transactions
1 Lecture 03:04

Able to record documents for Money Received although the following are covered in other sections: Cost of Sales, Overhead Expenses, Fixed Assets, Income Received, Creditors, Debtors

10 Recording Receipts Documents & Transactions
03:04
7 More Sections
About the Instructor
FCCA Moses Carson Bakaluba
4.3 Average rating
18 Reviews
3,021 Students
5 Courses
Author

Fellow of the ACCA, DBA, BA/ Educ,

A Practicing Accountant with many years Experience

I designed this course

27 Years Experience Teaching and Training Practical Accounting

Taught at High schools, City College Coventry, and Halifax University Birmingham

Published Author with several Accounts titles

Administrator at the Academy of Practical Accounts (APA), UK.

APA provides Practical Accounts Training to addresses the shortage of Training Facilities in the work environment, plus facilitating the Self Employed with Skills.

The newly qualified in Accounting are not able to deliver at work. The idea of learning at work is only accessible to a few. Many finalists are not offered jobs since employers require practical experience.

APA aims to narrow the gap between what is taught on many courses, and the skills required at work. There is a mismatch between graduates and the crucial skills desired by employers. Its difficult to justify the size of the gap in the 21st Century.

Modern procedures have been modified to save time, overcome weaknesses, adjust to tax report layouts, and are software Oriented.

Most courses deliver Accounting knowledge without the technical or practical skills required in the modern workplace. Many only scratch the Bookkeeping Function, which is the backbone of the Accounting Function. The Accounts File Preparation should be straight forward if the Bookkeeping is done properly from start. However, since Bookkeeping is often left in a mess, Final Accounts Preparation starts by Reviewing Bookkeeping, which is often complicated and stressful.

That is why we have opted for automating the Process, Saving time, and filling in the skills shortage. The task to perfect is the entry of Transactions in the software. And what is left is accessing, presenting, and explaining the Reports.