The Training Place Blog

Do you understand the movement of money in the cash book? Dr- Receipts Cr- Payments When money is received the bank balance increases and when money is paid out, the bank balance reduces. Simple hey!!! Lets see how you get on with this simple scenario: · Where there is an opening debit bank balance of … Read More

ALLOWANCE FOR DOUBTFUL DEBT: Scenario: You work for Mandels Ltd and the debtors balance at the end of the year is £48,100 and the company makes a general allowance for doubtful debt of 2%. Where there is an existing allowance for doubtful debt of £1,406 at the beginning of the year, what will be the … Read More

DOUBLE ENTRY FOR BEGINNERS SALES SCENARIOS- PART 3 Financial Accounts are built on the double entry principle which states that:  FOR EVERY DEBIT ENTRY, THERE MUST BE A CORRESPONDING CREDIT ENTRY; So, in posting any transaction into your accounts, you always need to identify which account needs to be debited and which account needs to … Read More

DOUBLE ENTRY FOR BEGINNERS – PART 2  SALES SCENARIOS- PART 2 Financial Accounts are built on the double entry principle which states that: FOR EVERY DEBIT ENTRY, THERE MUST BE A CORRESPONDING CREDIT ENTRY; So, in posting any transaction into your accounts, you always need to identify which account needs to be debited and which … Read More

DOUBLE ENTRY FOR BEGINNERS – PART 1 SALES SCENARIOS- PART 1 Financial Accounts are built on the double entry principle which states that: FOR EVERY DEBIT ENTRY, THERE MUST BE A CORRESPONDING CREDIT ENTRY; So, in posting any transaction into your accounts, you always need to identify which account needs to be debited and which … Read More

PROFIT MARGIN & PROFIT MARK UP   Johnny Depp married Amber Heard in February 2015, and she filed for divorce in May 2016, which was finalized in January 2017 and Depp paid a settlement of $7m. In 2019, Depp sued Heard for $50m!!! What level of profit margin is this???? LOVE GONE DEAD!!! Profit margin This … Read More

There are so may opportunities after the AAT  1. Getting a good job in the accounting or financial services sector.  2. Achieving professional MAAT status 3. Becoming a chartered accountant  – Options are  – ACCA  – CIMA  – CIPFA   – ICAEW  – ICAS  4. Become a tax specialist  5. Join the education industry  – Options … Read More

The Training Place of Excellence  AAT Accounting Apprenticeship Course  The Training Place of Excellence aims to provide high quality accounting training, apprenticeships and work placements to enhance the career prospects of individuals pursuing a career in accounting and finance. We focus on providing a vibrant learning professional environment for all students in order for them to … Read More

INTERVIEWING TECHNIQUES – PART 5 Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview. In the first blog on interviewing techniques, we mentioned a few bullet points which we are continuing with in this blog. … Read More

INTERVIEWING TECHNIQUES- PART 4 Where you have been able to get your CV to speak for you and you have been called for an interview, you then have to speak for yourself at the interview. In the first blog on interviewing techniques, we mentioned a few bullet points which we are continuing with in this … Read More