PROCESSING BOOKKEEPING TRANSACTIONS COURSE: lesson 1

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THIS FREE ONLINE COURSE WILL HELP YOU PREPARE FOR THE CERTIFIED ACCOUNTING trainee (CAT), ICB and IAB –  PROCESSING BOOKKEEPING TRANSACTIONS EXAM.

This free Processing Bookkeeping Transactions course can be undertaken without buying any books or registering on any rip off home learning course.



 

Essentially you should read each page of the website in order and then attempt the relevant on-line quiz. You will get your results immediately and they will tell you whether you have demonstrated competence and are in a position to move onto the next page. To pass you need to score more than 70%. If you have any queries with the chapter or the quiz then post your question in the comments box and I will respond as soon as possible.




The idea of the course is to help you prepare you for the following examinations:

Certified Accounting trainee – Introductory Certificate
Institute of Certified Bookkeepers ICB Level 2
International Association of Book-keepers IAB Level 2 Bookkeeping

International Accounting Standards (IAS) terminology

Accounting is fully of fancy terminology most of which is obvious in meaning, for example we all know what profit is and we probable have a good understanding of the words assets and liabilities. So dont be put off by the fancy words, you will soon get used to using them!
The UK is now adopting International Accounting Standards. Most of them are obvious so lets see what you know already.
Question 1
The IAS term for people who owe a business money are called “Receivables” in the UK the term is _________






Question 2
The IAS term for people a business owes money to are called “Payables” in the UK the term is _________

Question 3
The IAS term for goods owned by a business for re-sale are called “Inventory” in the UK the term is _________






Question 4
The IAS term for objects owned by a business for example, motor vehicless and plant and machinery are called “Non-Current Assets” in the UK the term is _________

 

 

The free processing bookkeeping transaction course consists of the following 12 lessons:




    1. PROCESSING BOOKKEEPING TRANSACTIONS COURSE: lesson 1 (this page)
    2. Accounting systems – lesson 2
    3. Sales documents – lesson 3
    4. sales returns – lesson 4
    5. Processing customer transactions – lesson 5
    6. supplier documentation – lesson 6
    7. purchase return – lesson 7
    8. paying suppliers – lesson 8
    9. Cash book accounting – lesson 9
    10. Petty cash – lesson 10
    11. Balancing off accounts – lesson 11
    12. Draft initial trial balance – lesson 12

Click here for a list of all the free courses offered on this website.

 

To start lesson 2 of the free Processing Bookkeeping Transactions course then click this link.



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