Basic Accounting

Find out about the role of accounting in helping to operate a business profitably.
Learn about the various subfields of accounting and the characteristics of accounting information.
Explore the functions, advantages and objectives of accounting.
Discover four possible ways in which a business can be structured.
Get to grips with the concepts of sole proprietorship, partnership, limited liability and unincorporated association.
Learn about the tax payment implications and advantages and disadvantages of different business structures.
Learn about HMRC and its responsibilities.
Find out how to register with HMRC.
Learn how to set up sole trader and partnership businesses.
Explore the benefits of having a business bank account and who is eligible to open one.
Evaluate different funding sources for a business including bootstrapping, family and friends, bank loans and business angels.
Find out what you need to know about dealing with money from customers including VAT, who needs to register for VAT and what needs to be included on an invoice.
Learn about the importance of keeping cost records and separating costs.
Explore two important tools to track costs and which costs can be used to pay less tax.
Find out which records HMRC require you to keep and how long you are expected to keep paperwork.
Discover what management accounts are and how often you need to prepare accounts.

it is the ideal solution for busy students and professionals who need to fit study around their existing commitments.

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Enjoy 12 months access to the 10-12 hours of course content.
Study in your own time on all your internet-enabled devices.
Technical support is available, should it be required.
Whether you’re interested in pursuing a career in accountancy or looking to take control of the accounts of your own business, this course will teach you all you need to know in a time and cost effective way.