BASIC ACCOUNTING

Greater Brighton Metropolitan College

Course

Online

Price on request

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Description

  • Type

    Course

  • Methodology

    Online

Whether you’re looking to start a career in the financial industry, or are a small business owner who needs to ensure you have total control of your finances, this great value online course is designed to teach you the basics.

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Subjects

  • Financial Training
  • Financial
  • VAT

Course programme

  • What is accounting and how does it help to operate a business profitably?
  • Various subfields of accounting
  • Characteristics of accounting information
  • Functions, advantages and objectives of accounting
  • Four possible ways in which a business can be structured.
  • Information about Sole Proprietorship, Partnership, Limited Liability and Unincorporated Association.
  • How every structure is affected by different tax payment procedures.
  • Advantages and disadvantages of a different business structure.
  • What is HMRC? Its responsibilities
  • How to register with HMRC
  • Setting up a sole trader business
  • Setting up a partnership business
  • What are the benefits of a business bank account?
  • What is a business current account?
  • How is it beneficial to have a business current account?
  • Who can apply for a business current account?
  • Bootstrapping
  • Family and friends
  • Bank loans
  • Business angel
  • Full information about VAT
  • Who needs to register for VAT
  • Invoicing
  • What should be included on an invoice
  • The importance of keeping cost records
  • Separating costs
  • Two important tools to use to track costs
  • Which costs you can use to pay less tax
  • What records HMRC say you must keep
  • How and for how long to keep your business’s paperwork
  • How often you need to prepare accounts
  • What management accounts are
  • What is VAT and who has to register for it?
  • Why register for VAT, if it is not necessary to do so? When should you avoid registering for VAT?
  • How to register for VAT
  • What is the difference between invoice and cash accounting, how to work out how much VAT to pay and what is the VAT flat rate scheme?
  • Registering as an employer with HMRC
  • How to run a payroll
  • In-house payroll
  • What is PAYE?
  • Dividends
  • IR35
  • Directors loans
  • Salary
  • Introduction to the profit and loss account
  • What is the difference between net profit and other forms of profit?
  • What important information can you get from a profit and loss account?
  • What information is not included in a profit and loss account?
  • Introduction to the balance sheet
  • Assets
  • Liabilities
  • Capital
  • What are accounting ratios?
  • Introduction to financial ratios
  • How to calculate liquidity ratios, profitability ratios and efficiency ratios
  • What information can these ratios provide for your business?
  • An introduction to forecasting
  • Types of forecasting problems
  • Different forecasting methods
  • Forecasting for small businesses
  • Facts about accountancy numbers in the UK
  • Which businesses should have an accountant
  • At what point in your company's life does it need an accountant?
  • How a good accountant can help your business
  • Accounting facts
  • A day in the life of an accountant
  • Benefits of a career in accounting
  • The place of ethics in accounting

    • See related categories

    BASIC ACCOUNTING

    Price on request

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    See all

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