Home Tuition Scotland provides qualified Accounting tutors in Edinburgh, Accounting tutors in Glasgow, Accounting tutors in Aberdeen and Accounting tutors in Dundee.
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Our tutors are all GTC Scotland-registered schoolteachers and are experts in Standard Grade Accounting revision, Intermediate Accounting revision and Higher Accounting revision curricula including:
Role of the Financial Accountant
Duties, scope and responsibilities of the Financial Accountant,
Business Documents
Functions of various business documents used in buying, selling and paying process:
Orders, invoices, credit notes, statements, cheques, till rolls, receipts, credit/debit card receipt
petty cash voucher, bank statement
Completion of business documents from appropriate sources including the calculation of:
trade and cash discount
VAT where cash discount applies
Completion of ledger accounts from business documents.
Recording entries in ledger accounts for organisations
Record in the ledger the accounts of an organisation transactions relating to:
fixed assets, current assets, incomes, expenses, current liabilities, long-term liabilities, capital, drawings,
partners’ capital, partners’ current accounts, VAT restricted to transactions involving buying and selling of goods and fixed assets.
Accuracy of ledger, Preparation of a trial balance.
Correction of errors
Correction of errors including errors of:
omission, commission, principle, original entry, compensation, reversal, Preparation of a suspense account.
Bank Reconciliation Statements
Update the bank account and prepare a bank reconciliation statement taking into account:
bank charges, bank interest, standing order, direct debit, credit transfer, outstanding cheques, lodgements not recorded
Correction of errors in the bank account or bank reconciliation statement.
Features of ownership, funding, liability, management and control
Sole traders, partnerships, private and public limited companies and non profit-making organisations.
Identification of sources of finance available to business organisations.
Funding sources available to organisations:
internal sources — capital and retained profits
external sources — ordinary and preference share capital; loan capital; debentures, bank overdraft; leasing, government grants.
Funding sources available to a non-profit making organisation:
accumulated fund, surplus, loans
Accounting teachers in your own home at a price you can afford.
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