This practical introduction to preparing financial statements – both manually and using integrated accounting software like TASBooks and Sage – is written for the revised Accounting Manual and Computerised [5N1348] and Bookkeeping Manual and Computerised [5N1354] modules.
Outlines the basic principles of accounting, for example double entry bookkeeping, VAT and Generally Accepted Accounting Principles (GAAP).
Demonstrates the preparation of final accounts for a sole trader and a company, including the processing of end-of-year adjustments to accounts.
Presents basic computer principles and instructs on the application and use of integrated accounting packages (TASBooks and Sage) in the preparation of financial statements and the processing of end-of-year adjustments.
Identifies the types and purpose of forecasts and budgets, such as cash flow and profit and loss forecasts, and the calculation of ratios.
Explains and demonstrates bank reconciliation both manually and using TASBooks and Sage.
Introduces a range of accounting terms and key accounting standards and concepts, including SSAPs, IFRSs, IASs, as well as consistency and prudence concepts.
Explains the internal and external roles of the auditor.
Accounting Manual and Computerised [5N1348] and Bookkeeping Manual and Computerised [5N1354], which form part of:
PART 1 – Manual Accounting
PART 2 – Final Accounts
PART 3 – Forecasts and Budgets
PART 4 – Introduction to Computerised Accounts
Ursula Mooney, BComm, HDip Education, has taught Accounting Manual and Computerised, Taxation, and Payroll at the College of Further Education, Dundrum, for over 25 years. She has extensive experience in preparing accounts for small companies and sole traders, both on TASBooks and Sage accounts software. She is also a member of Dublin and Dún Laoghaire Education and Training Board, and the Further Education Support Service Programme Evaluation Committee for NFQ Levels 5 and 6.