Kaplan Courses

Other Accounting Functions: Payroll and Banking

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Gain practical skills in payroll accounting and navigating the banking systemPayroll is one of the most important functions in a business, helping to save you time, costs, and build trust with your employees when they are consistently paid on time.On this four-week course, you’ll explore the payroll function in a business and understand the different elements that make up the payroll expense. You’ll then delve into the banking system to ensure you know how transactions are processed, and how this affects businesses.Finally, you’ll have the opportunity to put your skills into practice as you complete course assessments to help cement the knowledge you have gained throughout the Complete Practical Bookkeeping ExpertTrack.Learn useful banking terminology and how the banking system worksYou’ll delve into how the banking system works so you can understand reasons for expected time delays, how funds are cleared, and gain a sound knowledge of different banking terminology across contexts.You’ll also explore how a bank processes transactions and how your business records transactions internally to ensure accuracy in your financial information.Explore different payment methods within a businessTo help you understand all accounting functions, you’ll explore the different payment methods within a business. This includes cash, cheques, credit and debit cards, and automated payments.Gain practical skills in accounting transactionsYou’ll finish the course learning how to apply your knowledge to ensure you build the practical skills you need for accounting transactions.You’ll take a practice assessment on double-entry bookkeeping, ledger accounting, financial statements, and reconciliations to prepare you for your final assessment where you can demonstrate your new skills.This course is designed for anyone wanting to learn more about the specific accounting functions of payroll and banking.It will be particularly useful for those who deal with payrolls and/or the banking system as part of their role or who would like to understand all the different elements which make up the payroll expense in the accounts.The course will also be beneficial if you require a course to brush up on knowledge gained many years ago or you are currently studying at college or university and would like some help with these topics.

Accounting Transactions: Further Considerations

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Advance your bookkeeping knowledgeMany businesses sell and buy on credit but accounting for these transactions needs a deeper understanding of accounting principles and concepts.On this three-week course, you’ll gain an in-depth understanding of accounting transactions and how to record them correctly. You’ll explore credit sales and credit purchases, dealing with sales and returns, discounts, and VAT/Sales Tax.You’ll finish the course with an understanding of how non-cash sales and purchases are accounted for and will have developed the skills to accurately record them for your financial records.Understand the implications of credit salesAs you delve into credit sales and purchases, you’ll explore the implications of these non-cash sales.In particular, you’ll unpack the different discounts which can be applied to a transaction and how these are accounted for in financial statements.Explore accounting for inventoryYour inventory is a valuable asset and it’s important you know its value and cost to keep your financial statements accurate.On the course, you’ll develop an understanding of accounting for inventory before exploring how businesses account for stock as a trading expense.Understand VAT and hone your basic accounting skillsVAT is a key tax that all businesses should be aware of. On this course, you’ll gain knowledge of what VAT/Sales Tax is, how it works, and how it appears in the accounting records of a business.Learning from financial specialists at Kaplan, you’ll have the opportunity to take basic accounting knowledge further by looking at more complex transactions and how to account for them.This course is designed for anyone wanting to learn more about accounting and dealing with credit transactions, VAT/Sales Tax, returns, and discounts.You may already work in an accounts department or raising invoices is part of your job role and you want to learn about more detailed transactions.You might be currently studying at college or university and would like some extra help with these topics from a practical perspective.This course would also be useful for those who maintain accounting records for a small business, and need knowledge of more detailed transactions and how to account for them. Or perhaps you would like a course to help you brush up on accounting knowledge gained many years ago.

Complete Practical Bookkeeping

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Start the bookkeeping journey to develop key accounting skillsGain vital bookkeeping know-how and skills to use in any business venture with this practical approach to managing finances.

Controls within an Accounting System

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Understand how to maintain correct financial statementsErrors made during the double-entry process are almost inevitable in real life but having the skills to identify and correct them ensures your financial statements can remain accurate.On this three-week course, you’ll understand the need for controls within the accounting system and how they are used to ensure accuracy and reliability with your reporting.Going beyond the basics of double-entry bookkeeping, you’ll understand the issues that can arise within an accounting system and gain the skills to help you deal with them in real-world contexts.Explore control accounts and reconciliationsTo ensure your accounts are consistent and accurate, you’ll learn how to carry out the process of reconciliations. You’ll cover sales, purchase, and bank reconciliations and learn to produce control accounts and reconciliations of key values.This knowledge is key in helping to increase the validity of the figures in your financial statements.Learn how to produce a bank reconciliationYou’ll consider the difference in how a bank deals with cash transactions vs how a business does, and how the two agree.With this knowledge, you’ll learn how to produce a bank reconciliation to help double-check your bookkeeping to produce figures you can rely on.Understand types of errors in accounting and how to correct themYou’ll finish the course by exploring the errors within the accounting system, and how you can correct them either with or without a suspense account. You’ll also explore irrecoverable debts and how to account for them.By the end of the course, you’ll feel confident in your knowledge of the controls within an accounting system to help ensure your figures are accurate and complete.This course is designed for anyone interested in learning more about how to achieve accuracy in financial statements.It will be most beneficial for those who have knowledge of double-entry bookkeeping and want to further their skills.You may be currently studying at college or university or perhaps you would like a course to help you brush up on accounting knowledge gained many years ago.

Introduction to Accounting and the Accounting System

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Explore basic business documents to understand accounting fundamentalsAccounting is vital for any business. It helps you keep an accurate record of all financial transactions to understand how the organisation is performing.On this four-week course, you’ll gain an introduction to the fundamentals of accounting. You’ll explore all basic business documents, transactions, and learn how to record them in ledger accounts.You’ll also learn to identify types of business entities and the differences in expenditure to ensure you understand the key components of accounting.Learn how to do double-entry bookkeepingYou’ll be introduced to double-entry bookkeeping – a globally-recognised method of accounting for financial transactions.From underlying concepts to applications of the rules, you’ll gain a solid understanding of double-entry bookkeeping and how you can start using it in practice.Understand how to prepare a trial balance and financial statementDelving into the accounting process, you’ll learn how to understand business transactions, record them in ledger accounts, and prepare a trial balance and financial statements.This knowledge will also help you understand the difference between management and financial accounts, and the purpose each serves.Guided by the specialists at Kaplan, you’ll finish the course with a sound understanding of accounting and the accounting system, and how you can use this knowledge in your context.This course is designed for anyone wanting to learn the basics of accounting and double-entry bookkeeping.You could be studying at college or university and would like some help with these topics or you may have gained double-entry bookkeeping knowledge years ago and want to use this course as a way to brush up on your skills.This course will also be useful if you would like to learn how to maintain accounting records for a small business, starting with the very basics. You may also be interested in pursuing a career in accounting or business, or you already work in an accounts department.