Bookkeeping and Accounts QQI 6 (Fetac)


Bookkeeping and Accounts QQI 6 (Fetac)
Wed 6.00 - 8.00 
20 weeks
Price: €160 x2 +€25 Book

Level 6 Builds on knowledge gained in Level 5 and has additional topics.
As follows: .
Key Performance Indicators
Net Profit, Cost Margins, Debt Control, actual versus budget.
Reconciliation of Bank Current Account Statement to include the reconciliation
Of any differences between the statement and own records.
Post-nominal recurring transactions
Foreign Currency Transactions in appropriate books and accounts
Correcting errors not revealed by the trial balance
Amend source document entry
Revise Customer/Supplier profiles etc.
Sales and Purchase Ledger Control accounts
Final accounts to Trading, profit and loss and Balance sheet on computerised

Operation and maintenance of a Computerised Integrated  Accounting System (SAGE 50)

  • Set up paramaters
  • Double entry bookkeeping for accruals, prepaids, depreciation, adjustments
  • Set up leasing and hire purchase accounting
  • Recurring entries
  • Post salaries joural
  • Correction of errors
  • Deal with banking transactions and reconciliations
  • Extract information for Budgeting

Budgeting and Cost Control

  • Prepare a master budget (P&L, Balance Sheet and Cash)
  • Compare actiual performance with Budgeted performance
  • Variance analysis

Accounting Standards, Concepts and Ratio Analysis

  • Accounting Standards and Concepts (introduction)
  • calculate and explain accounting ratios over a number of years based on 
  • profitability
  • activity
  • liquidity