AAT – Principles of Bookkeeping Controls

This course expands on prior bookkeeping knowledge, focusing on control accounts, journals, and reconciliations. It teaches students about the processes that verify and validate bookkeeping entries and explains the purpose of control accounts and the associated reconciliations. Students will learn to use journals for making initial adjustments and redrafting the trial balance.

The course covers advanced bookkeeping procedures, emphasizing the relationship between various accounting records and reinforcing double-entry bookkeeping principles. Students will prepare VAT, receivables, and payables ledger control accounts, including reconciliations. They’ll also use journals to correct errors and update the trial balance after adjustments.

Additionally, students will update cash books with bank statements and prepare bank reconciliation statements. The course addresses both manual and digital bookkeeping methods, highlighting how digital systems can automate these processes, although no specific software skills are required. Overall, this training enhances students’ understanding of the business environment and digital accounting systems.

Learning Outcomes:
On successful completion of this subject, you should be able to:

1. Use control accounts
2. Reconcile a bank statement with the cash book
3. Use the journal
4. Produce trial balances