Accounts Primer

Management Accounts Primer

There is no way you are going to become a fully fledged management accountant by reading a web page, however, this guide will help you to understand the objectives and goals so that you can produce accounts each month that more closely represent what has taken place during the period.

Do not act on this information alone. always check with a qualified professional before making any change to accounting practice. 

Section 1 - The Basics
    What is the Nominal ledger all about?
    What is open item accounting about
    Fixed Assets & Depreciation
    Accruals and Prepayments
    Wages Journal
    VAT Reconciliation
    VAT Scale Charges

Section 2 - More Advanced
    Stock Valuation
    Work in progress
    Thinking for yourself!