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Controls within an Accounting System

Kaplan via FutureLearn


Understand how to maintain correct financial statements

Errors made during the double-entry process are almost inevitable in real life but having the skills to identify and correct them ensures your financial statements can remain accurate.

On this three-week course, you’ll understand the need for controls within the accounting system and how they are used to ensure accuracy and reliability with your reporting.

Going beyond the basics of double-entry bookkeeping, you’ll understand the issues that can arise within an accounting system and gain the skills to help you deal with them in real-world contexts.

Explore control accounts and reconciliations

To ensure your accounts are consistent and accurate, you’ll learn how to carry out the process of reconciliations. You’ll cover sales, purchase, and bank reconciliations and learn to produce control accounts and reconciliations of key values.

This knowledge is key in helping to increase the validity of the figures in your financial statements.

Learn how to produce a bank reconciliation

You’ll consider the difference in how a bank deals with cash transactions vs how a business does, and how the two agree.

With this knowledge, you’ll learn how to produce a bank reconciliation to help double-check your bookkeeping to produce figures you can rely on.

Understand types of errors in accounting and how to correct them

You’ll finish the course by exploring the errors within the accounting system, and how you can correct them either with or without a suspense account. You’ll also explore irrecoverable debts and how to account for them.

By the end of the course, you’ll feel confident in your knowledge of the controls within an accounting system to help ensure your figures are accurate and complete.

This course is designed for anyone interested in learning more about how to achieve accuracy in financial statements.

It will be most beneficial for those who have knowledge of double-entry bookkeeping and want to further their skills.

You may be currently studying at college or university or perhaps you would like a course to help you brush up on accounting knowledge gained many years ago.


  • Subsidiary ledger and control accounts
    • Welcome
    • The general ledger and subsidiary accounts
    • Sales and purchase returns
    • Control accounts and reconciliations
  • Errors and suspense accounts
    • Welcome
    • The journal: new entries within
    • Errors
  • Bank reconciliations
    • Welcome
    • Reconciling the cash book to the bank statements

Taught by

Nasheen W


5 rating at FutureLearn based on 1 rating

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