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IQ Graduate | Understanding the trial balance

Graduate IQ-6. Analyse and work through a sample trial balance

What the trial balance reveals about your client, what to look for and the right questions to ask.

This module is available as part of the Accounting Graduate IQ Program.

1 CPD Hour (Tax) including Q&As

Accreditation 022405
Total 1 CPD Hours

What we'll cover

Your client is ‘Smith Teas Pty Ltd’ . Mr and Mrs Smith each own 50% of the shares in the company:

You have to prepare their 20X1 financial statements and income tax return
You enter data into your accounting software taken from their Xero file

We look at where to start, the practical issues of working on your clients data, and working through the trial balance - what does it reveal and how to make sure you have all the bases covered for your manager!

Karen Vella

Tax Training Team Leader, TaxBanter

Karen has over 25 years experience in the tax profession, first as a practitioner and more recently as an educator. She trained with the Big Four and initiated her own successful small practice before moving to Hayes Knight as a Partner.

Prior to joining TaxBanter, she spent many years as a trainer and technical writer for Webb Martin Training, and then most recently TaxBytes. She is also a regular presenter and consultant for Knowledge Shop.

Karen loves to talk tax. She has provided tax training to clients ranging from the Australian Taxation Office to accounting firms, both large and small. Her specialty is translating complex content into something meaningful, engaging and practical for her clients, no matter their level of experience.