Junior Accountancy London International College (LIC) Advanced Certificate
3-MODULES COVERED- Must successfully pass all courses
- Practical Accounting
- Practical BookKeeping
- Computerized Accounting(PeachTree/Sage 50)
Custom Payment Plans Available
The aim of this program is:
-To understand all aspects of Accounting at a given workplace theoretically and practically.
-To gain experience by actually performing Accounting tasks in a live system.
-To be able to communicate effectively in the workplace.
-To appreciate all aspects of Computers in an
Junior Accountant :
- Practical Accounting :
Learning Outcomes: Upon completion of this course, students will be able to:
- Understand the purpose of accounting and its processes
- Identify what the books of prime entries are and how to apply with relevance
- Know the principles of accounting and its key concepts, namely the law of double entry
- Record accounting entries and understand how to close and balance off accounts
- Account for year-end adjustments such as depreciation, accruals, prepayments and provision for bad and doubtful debts
- Understand the purpose and uses of the Trial Balance, and how it is derived
- Prepare financial statements and other key accounting reports such as control accounts and bank reconciliations
- Interpret financial statements and perform analytical commentary on the financial results
- Understand the basic concepts of payroll and taxation relevant to T&T and U
- Computerized Accounting(Sage 50/Peach-Tree)
Learning Outcomes: On completion of this course, a learner can:
- Identify, describe, and explain the importance of the key functions of Computerized Accounting.
- Setup a company using the computer software Sage 50.
- Establish default information for Customers, Vendors, and Inventory
- Add new Customers, Vendors, and Inventory
- Enter beginning balances for Customers, Vendors, and Inventory
- Enter Quotes, Sales Orders and Sales Invoices
- Record Receipts, Prepayments and Customer refunds
- Enter Purchase Orders
- Receive Inventory and Enter Bills
- Record Payments, Prepayments and Vendor refunds
- Run Accounts Receivable, Payable and Inventory Reports
- Maintain company data by backing up, restoring and setup security.
Learning Outcomes: Upon completion of this course, you will be able to:
- Identify the key roles of the bookkeeper in the organization
- Understand the relationship between all elements in the accounting cycle
- Identify the process of recording financial data into the books of original entry
- Post financial data from the books of original entry into the relevant ledgers using the double entry.
- Balance and close all ledgers and extract a Trial Balance
- Understand and use control systems including bank reconciliations
- Prepare Financial Statements of an organization