Limited Liability Partnership Accounts

Suitable

Do you want to upgrade you skills from Accounts production of Limited Companies into preparing Statutory accounts for Limited Liability Partnerships Contents:

• Back Ground of LLP SORPS
• Accounting Standard Board on LLP SORPS
• Annual Reports for LLP SORPS
• Create the appropriate entries to account for:
• Adjustments and provisions
• Investment by partners
• Interest on capital and drawings
• Changes in partners
• Allocation of goodwill
• Extract the Trading and Profit and Loss Account
• Create the appropriate entries to prepare and extract an appropriation account
• Extract the Balance Sheet
• Examine the print out of the accounts for completeness and to extract information.
• Initial Trail Balance and completing the final control accounts.
• Posting client and initial trail balance on Accounts Production packages
• Navigating your way around the Software
• Creating a client and amending the client database;
• Posting of clients data, including current year and comparative data;
• Working paper reports including lead schedules, trial balance, general ledger and audit trail;
• Working efficiently with documents and posting of data, including "Copy Document";
• Entering "Disclosure data"; As per SORPS and other relevant standards.
• Working with ROP's. Report Pads and Headings;
• Report Pad formatting - producing enhanced notes and reports;
• Producing draft and final financial statements;
• Completing and understanding the compliance as per company's house.
• Year-end process.
• Making Abbreviated accounts of the company
• Finalizing the accounts and making the final file of the company for partner review.
• Learning how to do filing and making indexes of the company final accounts file.