Principles of Bookkeeping Controls: AAT Level 2 Q2022 Study Guide (AAT Level 2 Q2022 Study Guides)

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As with the Balance Sheet, bookkeepers are also responsible for tagging transactions under the right accounts in the Income Statement. 9. Retained Earnings Written by subject specialists and experienced tutors, our Exam Kit aims to deepen your understanding of control accounts, reconciliation of bank statements, using the journal, and producing trial balances necessary to being successful in your exam. With an intuitive interface, seamless access to your content and a personalised reading experience, BPP Learning Media eBooks are ideal for students and their study needs. In the retained earnings account, bookkeepers monitor any profit the company makes that isn’t paid out to owners and investors. You don’t need any previous accounting experience or qualifications to start studying the AAT short qualifications, just a willingness to learn. It’s ideal if you’re a school or university leaver, or thinking of changing career, and want to try AAT without making a commitment to the full qualification.

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You also need to ensure that all transactions concerning these three are correctly recorded in the right journal or document. Equity refers to the ownership of the business owners and investors in the company. In the Balance Sheet, the equity accounts cover all the claims they have over the company. We have a wealth of materials to help you revise for and pass your exams. All study options come with the following: This unit refers to value added tax or VAT. This is an indirect tax operating in the UK but this type of tax may also operate and be known by another name in other countries. In single-entry bookkeeping, you record earnings and expenses upon incurring them. The following documentation also comes with this type of bookkeeping:

This unit builds on the knowledge and skills acquired from studying Introduction to Bookkeeping and explores control accounts, journals and reconciliations. The Study Manual’s organization and structure facilitate efficient learning, allowing learners to focus on specific areas of study. Whether used as a self-study resource or in conjunction with a bookkeeping course, it offers flexibility to accommodate individual learning preferences and schedules. You will build on your knowledge of double-entry bookkeeping, exploring control accounts, journals and reconciliations. You will also learn more about digital bookkeeping systems and automated processes.

Principles of Bookkeeping Controls (POBC AAT Q2022 Principles of Bookkeeping Controls (POBC

The integrated workbook helps you work through the syllabus, with room to write your notes. It allows you keep everything in one place to make it easy to study and revise from. Tutor support is often overlooked, and whilst it might not be needed at all times, isn’t it good to know that if push comes to shove, you have access to tutor support – Even on a self-study option?For EU and the rest of the world (including non-EU member states in Europe), see all delivery times and costs.