www.study365.co.uk

If you shop on Amazon and have a Kindle Reader. The Open University has accounting Kindle books at low priced to free.

Though not for academic credit.  Open university doesn’t have an external degree system  Exemptions for other subjects at different universities only?

But, acquiring skills in your own capacity is a uni thing.

It might be somewhere to start!

Dave T.

Their full qualification is equivalent to an MBA.

They sometimes offer credit for conventional degree study ACA, and others, possibly offer similar opportunities.. My college studies were more Pure Sciences.

I was told a 2.ii equates to MBA . If business studies.

Dave T.

Dave T.

T-accounts, used in manual accounts. These are simplest way of expressing transactions. Using double-entry, increased value to company, debit side, date, amount, account holder name, and corresponding credit posting. That is similar, but on lefthand side of the other T-account. It’s much less confusing to express, calculate and for b/d brought down, and c/d carried down. At end of accounting period.

If Trial Balance doesn’t balance. If you can’t find causes, the simplest way out, a “Suspense Account”.

Remember, “The Accounting Equation” Capital=Assets-liabilities,,

Reading down “A Balance Sheet”, remember. Liquidity decreases going down the balance sheet. (Source: IFTWorld). Cash, at top, stock, then fixed assets going down, then liquidity, drawings and capital.

Wood & Sangster books used to be the ultimate accountancy student’s friends.

Its not exactly MBA teaching, I guess! But still, small stones made the abacus.

Davie T.

1sr October, 2024

From memory, the cash book is double-entry, whilst petty cash book isn’t. Petty cash relies on an “Imprest”, or float, Paid through bank, e.g. refreshed, every day to maybe £10 for stamps, coffee and other consumables. The £10 being the Imprest. I’d have passed RSA 1 Manual Bookeeping, if local exam wasn’t cancelled. Back in 1990s.

20 years ago, I was offered AAT entry at level 3.. Nowadays, I struggle to see most things offline..

DT

People will need to know this.

Capital= Assets -Liabilities.

Basically, the value of the company is it’s assets, with debts deducted.

It can be expressed as an extended Accounting Equation.  That incorporates Income and Expenditure.

Check through a set of the Frank Wood and Mr Songster..  the best manual bookkeeping, and theoretical accounting books..  They’re the bees knees of accounting.

More to follow?

Dave T.