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Balance Sheet (Byte Size Skills Course) Course 1

Stonebridge College.

Summary

Price
£69.99 inc VAT
Study method
Online
Duration
Self-paced
Qualification
Balance Sheet (Byte Size Skills Course) Certificate
Awarded by Stonebridge Associated Colleges
Additional info
  • Tutor is available to students

Overview

You are probably familiar with the accounting term 'balance sheet'. However, relatively few of you will probably really understand what a balance sheet really is or what it purports to show. In this course we shall see that the balance sheet aims to provide a statement of financial position by setting out the resources of the business, on the one hand, and the claims against those resources, on the other. The information contained within the balance sheet can be presented in various forms and in this course we shall consider the main forms of presentation. In drawing up a balance sheet, we employ a number of accounting rules or conventions. We consider these in some detail and discuss their limitations.

By the end of this course, you should be able to:

    explain the nature and purpose of a balance sheet
    define the terms asset, liability and capital
    explain the typical form and content of a balance sheet
    discuss the major conventions that underpin the balance sheet
    explain why a balance sheet on its own does not provide an adequate record of events

Description

Introduction

Objectives

Section 1: Nature and Purpose Of A Balance Sheet

1.1 The Nature of Assets

1.2 The Nature of Claims

1.3 The Relationship Between Assets Liabilities and Capital

1.4 Other Important Conventions

Section 2: Capital Revenue and Expenses

2.1 The Effect of Transactions On Capital

2.2 The Link Between the Profit and Loss Account and the Balance Sheet.

Section 3: The Presentation of the Balance Sheet

3.1 Classification of Assets and Liabilities

3.2 Balance Sheet Formats.

3.3 Miscellaneous Points On The Balance Sheet

Review Activity

Recommended Reading

Tutor-marked Question Paper

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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