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Diploma in Accounting - Advanced Controls and Transactions

Accounting
Free Course

This diploma course takes an in-depth look at the processes and controls used to record business transactions.

Descripción Resultados Certificación View course modules

The course Diploma in Accounting - Advanced Controls and Transactions looks in-depth at the transactions, processes and controls used to record typical transactions in a business.

In sales, you will learn how to handle returns, discount and freight charges as well as working out the cost of goods sold. In inventory, you will see the two different methods of counting inventory, periodic and perpetual, as well as the different methods of calculating value of the inventory and the associated journal transactions to record the necessary adjustments.

To help manage the cash assets within a company, the different controls and best practices are outlined with examples of documents and processes given for both checking accounts and petty cash. Samples of adjusting journals are given and the importance and use of the quick ratio are explained. This is followed with details on how to manage the accounts receivables, from calculating the provision for uncollectable accounts to the use of aged analysis. Similarly in accounts payable you will see how to make provision for both the known and unknown liabilities as well as how to use payable notes as for of short term finance.

This diploma course will be of great interest to entrepreneurs and business professionals who would like to better understand the transactions and controls used in business, and to any learner who is interested in accounting as a future career.

Having studied this course you will be able to:


  • Process all the transactions necessary for a merchandising business;
  • Calculate the net realizable value and use is as a key performance indicator (KPI);
  • Count and manage all the transactions relating to inventory;
  • Put in place the controls to help prevent errors in the handling of cash;
  • Manage the checking account and petty cash transactions and the associated document flow;
  • Calculate, analyze and use the financial results-quick ratio;
  • Manage the accounts receivables and payables using the allowance method;
  • Calculate provisions to payables, uncollectable etc.;
  • Calculate interest on notes receivable or notes payable;
  • Analyze and use the financial results—accounts receivable turnover and the number of days' sales in accounts receivable.

Todos los cursos de Alison son gratuitos. Para superar un curso con éxito tienes que lograr una marca del 80% o superior en la Evaluación. Agrega valor a tu logro adquiriendo el Diploma o Certificado oficial de Alison.

Obtener el documento oficial de Alison is una buena forma de compartir tu éxito. Además es:

  • Ideal to include with CVs, job applications and portfolios
  • A way to show your ability to learn and achieve high results
All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our Preguntas frecuentes. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Tablero. For more details on our Certification pricing, please visit our Pricing Page.

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