21. Processing Bookkeeping Transactions (AAT)

The content of this particular qualification includes the following:

• 21.01. The accounting system: FINANCIAL TRANSACTIONS, THE FIVE STAGE ACCOUNTING SYSTEM, FROM DOCUMENTS TO BOOKS OF PRIME ENTRY, FROM BOOKS OF PRIME ENTRY TO LEDGER ACCOUNTS, LEDGER ACCOUNTS, THE TRIAL BALANCE, FINANCIAL STATEMENTS, INTERNATIONAL TERMINOLOGY USED IN ACCOUNTING.
• 21.02. Financial documents for sales: FINANCIAL DOCUMENTS, PURCHASE ORDER - THE GOODS ARE ORDERED, DELIVERY NOTE - THE GOODS ARE DELIVERED, INVOICE - THE SELLER REQUESTS PAYMENT, CREDIT NOTE - A REFUND IS DUE TO THE BUYER, STATEMENT - THE SELLER REQUESTS PAYMENT, DISCOUNTS, VALUE ADDED TAX (VAT) - A 'SALES TAX', AUTHORISING & CHECKING INVOICES, DEALING WITH DISCREPANCIES, CODING SYSTEMS, FILING - RETENTION OF DOCUMENTS.
• 21.03. Double-entry & the accounting equation: AN INTRODUCTION TO DOUBLE-ENTRY ACCOUNTS, DOUBLE-ENTRY 'T' ACCOUNTS, BANK ACCOUNTS - DEBITS & CREDITS, WRITING UP A DOUBLE-ENTRY ACCOUNT, RULES FOR DEBITS & CREDITS, A NOTE ON CASH & CREDIT TRANSACTIONS, DEBITS & CREDITS - CONCLUSION, DOUBLE-ENTRY & THE ACCOUNTING EQUATION, BALANCING ACCOUNTS, BALANCING A PURCHASES LEDGER ACCOUNT, BALANCING A SALES LEDGER ACCOUNT, BALANCING GENERAL LEDGER ACCOUNTS.
• 21.04. Accounting for sales & sales returns: THE ACCOUNTING SYSTEM, ACCOUNTING FOR CREDIT SALES & SALES RETURNS, BOOKS OF PRIME ENTRY, WRITING UP THE SALES DAY BOOK, GENERAL LEDGER & SALES LEDGER, ACCOUNTING SYSTEM FOR CREDIT SALES, BOOKKEEPING FOR CREDIT SALES, ACCOUNTING SYSTEM FOR SALES RETURNS, SALES RETURNS DAY BOOK, BOOKKEEPING FOR SALES RETURNS, THE USE OF ANALYSED SALES DAY BOOKS, METHODS OF CODING IN ACCOUNTING SYSTEMS.
• 21.05. Process payments from customers: FINANCIAL DOCUMENTS - SOME REVISION, FINANCIAL DOCUMENTS - REMITTANCE ADVICE, DEALING WITH DISCREPANCIES.
• 21.06. Process documents from suppliers: BUSINESS DOCUMENTS - THE PURCHASER'S POINT OF VIEW, ORDERING PROCEDURES, PURCHASE ORDER, DELIVERY NOTE, GOODS RECEIVED NOTE, PURCHASE INVOICE, CHECKING INVOICE, DELIVERY NOTE & PURCHASE ORDER, CHECKING THE CALCULATIONS ON THE INVOICE, RETURNS - CHECKING CREDIT NOTES, CHECKING THE CREDIT NOTE, CODING PURCHASES INVOICES & CREDIT NOTES.
• 21.07. Accounting for purchases & purchases returns: THE ACCOUNTING SYSTEM, ACCOUNTING FOR CREDIT PURCHASES & RETURNS, ACCOUNTING SYSTEM FOR CREDIT PURCHASES, PURCHASES DAY BOOK, BOOKKEEPING FOR CREDIT PURCHASES, ACCOUNTING SYSTEM FOR PURCHASES RETURNS, PURCHASES RETURNS DAY BOOK, BOOKKEEPING FOR PURCHASES RETURNS, THE USE OF ANALYSED PURCHASES DAY BOOK,
• 21.08. Prepare payments to suppliers: A REVIEW OF THE PURCHASING PROCESS, RECONCILING THE SUPPLIER STATEMENT OF ACCOUNT, DEALING WITH DISCREPANCIES, INVOICE AUTHORISATION & DISPUTED INVOICES, PREPARING REMITTANCE ADVICES.
• 21.09. Three column cash book: THE CASH BOOK IN THE ACCOUNTING SYSTEM, USES OF THE CASH BOOK, LAYOUT OF THE THREE COLUMN CASH BOOK, TRANSFERS TO THE DOUBLE-ENTRY SYSTEM, CASH BOOK - FURTHER ASPECTS, BALANCING THE CASH BOOK, LEDGER TRANSFERS FROM THE THREE COLUMN CASH BOOK.
• 21.10. Analysed cash book: ANALYSED CASH BOOK, LEDGER TRANSFERS FROM THE ANALYSED CASH BOOK, DEALING WITH DISHONOURED CHEQUES, HOW THE CASH BOOK FITS INTO THE ACCOUNTING SYSTEM, CASH & BANK CONTROL ACCOUNT, CHECKING THE CASH BOOK.
• 21.11. Petty cash book: THE PETTY CASH BOOK IN THE ACCOUNTING SYSTEM, USES OF THE PETTY CASH BOOK, THE IMPREST SYSTEM, PETTY CASH VOUCHERS - PURPOSE & CONTENT, LAYOUT OF THE PETTY CASH BOOK, PETTY CASH & VAT, BALANCES, TRANSFERRING THE ANALYSIS COLUMN, RESTORING THE CASH FLOAT, CONTROL OF PETTY CASH, CHECKING THE CASH, HOW PETTY CASH BOOK FITS INTO THE ACCOUNTING SYSTEM, PETTY CASH CONTROL ACCOUNT.
• 21.12. The initial trial balance: BALANCING THE ACCOUNTS, PREPARING AN INITIAL TRIAL BALANCE, DEBIT & CREDIT BALANCES - GUIDELINES, IF THE INITIAL TRIAL BALANCE DOESN'T BALANCE..., CAPITAL & REVENUE EXPENDITURE & INCOME.

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