Advanced Level Courses in Accounting

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Advanced Level

Description

Once you have completed Final Trial Balance, you will have learn how to complete payments for contractual employee’s under SAGE Construction Industrial Scheme (CIS).

You will then cover Tax Level 1, where you would learn about how personal taxation works.

  • Contents of TrainingOpen or Close
    As all the courses are progressive courses. The Intermediated Level training includes all the course contents of Advanced Training
    • Fundamental Training
      Candidates will receive a hands-on training and will know how to perform the following tasks:

      Setting up companies

      Setting up a company either as a cash accounting scheme or a standard accounting scheme

      How and when to register for VAT

      Choosing the chart of accounts that suits the firm's needs and how to customize it

      How double entry is applied in accounting software and how to customize the nominal ledger and nominal codes

      Setting up customers accounts

      Process customers batch invoices, individual invoices and credit notes Suppliers accounts setup

      Processing suppliers invoices and credit notes

      Generate reports on invoices due, customer/supplier invoice activity

      Performing error corrections

      Allocating payments and receipts of cash in a business Allocating bank payments and receipts

      Allocating Supplier/Customer Payments and Receipts Performing bank reconciliation

      Processing the VAT return and reconcile the VAT return Submitting the VAT return to HMRC

      Knowing how to deal with other VAT issues

      Performing Debtor Analysis Credit control procedures

      Candidates will perform Computerised Book-keeping, Bank Reconciliation & VAT Returns for various industry businesses, gaining a greater insight into accounting up to trial balance

      Candidates will gain strong understanding of how to prepare client's account from incomplete records, using various accounting software

      Deeper understanding of VAT - Rules of registration and de-registration Reconciliation of VAT, Completing a VAT return.

      Import and export VAT analysis

      Calculating VAT for a business with mixed zero-rated and standard-rated sales, combining Sage and Excel

      Candidates will perform Excel Spreadsheet Book-keeping and Bank Reconciliation Candidates will gain an insight into how to deal with HMRC queries

      Performing Stock Control using Computerised Book-keeping How to keep a track of Stock movements extract Bill of materials.

      Candidates will perform sales order processing, purchase order processing and stock reporting.

      Invoicing from stock and updating stock records

      The training is carefully structured to give candidates the practical skills to enable them prepare accounts from source documents to the VAT return, in the exactly same manner as it is required.from our staff in our accountancy practice. This is a very unique platform for candidates, as it links directly into placements and ultimately jobs. We pride ourselves on giving opportunities to those who have the determination and attitude to succeed at accountancy. We promise to inspire you and develop you on every step on the way, with regular feedback sessions and supporting services. Candidates have the opportunity to master a Computerised bookkeeping and payroll package of their choice from Sage, Sage Payroll, QuickBooks, IRIS, TAS or VT.
    • Intermediate Level
      In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC. In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

      Internal control procedures for tangible fixed assets and cash

      Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.

      Posting adjusting journal entries at month end such as Accruals,Prepayments,

      Depreciations, calculating depreciation using different methods VAT

      Intercompany transactions and reconciliations using a Computerised accounting package of your choice. Preparing closing entries

      Preparing the Final Trial Balance

      Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet

      Dealing with HMRC queries and small tax matters

      Summaries and analyses financial data and produce reports for management purposes

      Monthly, Quarterly Management Accounts Performing banks reconciliation

      Learning about VAT management

      Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

    • Additional Contents of Advance Level Training
      In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC. In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

      Internal control procedures for tangible fixed assets and cash

      Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.

      Posting adjusting journal entries at month end such as Accruals,

      Prepayments,

      Depreciations, calculating depreciation using different methods VAT

      Intercompany transactions and reconciliations

      Using a Computerised accounting package of your choice. Preparing closing entries

      Preparing the Final Trial Balance

      Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet

      Dealing with HMRC queries and small tax matters

      Summaries and analyses financial data and produce reports for management purposes

      Monthly, Quarterly Management Accounts Performing banks reconciliation

      Learning about VAT management

      Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

      This training package is everything you need to demonstrate your competency for the following roles:

      Finance manager Financial Accountant Management Accountant

      Accounts payable manager Credit controller

      Small business Performance Analyst

      Additional Content
      • SAGE CIS
        KBM TR is proud to present specialized courses in Construction Industrial Scheme. Be a part of professional network and make your CV stand out with quality training.

        Understanding what is Construction Industry Scheme

        How to register for CIS scheme Familiarization of the CIS rules and legislation

        Different types of CIS Sage CIS activation wizard

        Completing Company preferences Setting up default Nominal codes for CIS Setting up Subcontractors records Setting up CIS tabs

        Verify Subcontractors with different methods manually and with the use of Sage 50 CIS.

        Record work that has been completed by your subcontractors, including any materials used and tax deductions that apply.

        Entering Subcontractor Invoices/ credit notes

        Processing Subcontractor payments and deductions

        Generate your CIS monthly return

        Submitting your CIS monthly returns to HMRC

        Generate a monthly statement of tax deductions to give to your subcontractors.

        Generate your Subcontractor analysis report on monthly and Subcontractor basis

        Control who can view, create and change your subcontractor records with access Rights and passwords.

        Ensure you comply with CIS rules and minimize the possibility of incurring penalties from HM Revenue & Customs (HMRC).

        Store your records ready for an audit by HMRC.

        Sage CIS Contractor Returns

        Generating CIS Statements Update on CIS Rules

        Types of CIS

      • INCOME TAX - PART 1
        In order to equip candidates with the knowledge of income tax computation and tax planning we have developed our income tax courses, which will give candidates the necessary skills and understanding of this topic. By the end of the course with us you will learn the tax procedures as they should be applied in real life accountancy work. The training was developed in such way, that candidates will gradually perform more and more complicated calculations This makes the course suitable for anyone. This is a unique course which will in a few sessions cover the basics of UK income taxation. There will be plenty ofexercises with workings and explanations, and one to one support available too Income Tax Course Candidates have the opportunity to master a manual tax computation, candidates also have the opportunity to cover the following tasks:

        Understand the history of the tax year Tax return submission and dates Recognise non-taxable income Compute tax liability

        Understand income tax rates and apply allowances Identify the correct heading under

        which main sources of income are taxed. Grossing up of savings income and dividends

        Set out the structured table for computing income tax Calculate tax relief for charitable donations

        Compute taxable income

        Employment vs self-employment, case law

        National Insurance Contribution (NIC) computations – Primary Class 1 and 2, and class 1A

        PAYE codes and forms explained

        Benefits in kind principles (vouchers, cars, living accommodation, beneficial loans from employer) Tax-free employment benefits

        Allowable expenses for tax purposes: Trading income taxation Adjustments of trading profits Capital expenditure versus other expenditure National Insurance Contribution Class 2 and 4 Basis of assessment for trading income Opening year rules for trading income Calculation of overlap profits and ways to relieve it Trading losses optimum use

      • ADVANCED EXCEL TRAINING
        A comprehensive training course with up to date material to practice at home and during your class. We will also provide a step by step manual of all the tricks you can do using Excel spreadsheets to gain better management reporting and budgeting skills. Whether you're looking for a beginner, intermediate or advanced Excel training program, you won't be disappointed in the end result. You will learn valuable tips and tricks to improve your excel skills. Course contents:

        Summing Techniques

        IF, Cell References, Formula Linking,etc

        New Formulas of Excel 2007 Sumifs, Countifs, Iferror Database Formulas

        Subtotal (Formulae & Procedure) Tables

        Macros

        Look up References (Vlookup, Hlookup,etc) Data Validation

        Conditional Formatting Date & Time Formulas Charts & Graphs Protection & Security Goal Seek

        Groupings Pivot Table

        Pivot Table Charts Hyperlinks Scenario

        Hlook ups Vlookups

        Web workbooks Sharing Workbooks

  • Optional ModulesOpen or Close
    In addition to the Sage 50, Quick Books, Excel Bookkeeping and Sage Payroll, you can also choose 2 additional software from a list of 11 different options.

    Optional Modules

      Level Course Products
    1 Fundamental Bookkeeping Peach Tree
    2 Fundamental Bookkeeping VT Books
    3 Fundamental Bookkeeping IRIS BK
    4 Fundamental Bookkeeping MYOB
    5 Fundamental Bookkeeping OCR Level 1
    6 Fundamental Payroll IRIS Payroll
    7 Fundamental Bookkeeping TAS Books
    8 Fundamental Payroll Excel Payroll
    9 Fundamental Payroll Quick Books Payroll
    10 Fundamental Payroll TAS Books Payroll
    Level Courses Products
    11 Intermediate Adv. Bookkeeping Cert. OCR Level 2
    12 Intermediate ERP Bookkeeping TALLY
    13 Intermediate Tax International Trade, UK & Foreign VAT
    Level Courses Products
    14 Advanced ERP Bookkeeping SAP End User
    15 Advanced Accounts VT Accounts
  • Benefits of Intermediate level TrainingOpen or Close

    GUARANTEED WORK PLACEMENT either in our accountancy practice or with our clients.

    In-house recruitment facilities

    Certification on completion provided by KBM Certified Chartered Accountants and Registered Auditors

    Reference provided by KBM Certified Chartered Accountants and Registered Auditors

    Counts towards your experience necessary for ACCA, AAT, FIA, CIMA, CIPFA or any other accountancy organisation's memberships

    FREE complete preparation for the OCR qualification*

    One to One CV Consultations and Mock Interview Sessions

    Pre-interview screening tests, increasingly used by employers to select candidates

    Interview Preparation

    Job Hunting tips

    Free Sage or QuickBooks software (Worth over £900)

    Each training session has a few candidates delivered in a friendly and relaxing environment, which gives candidates the opportunity to ask questions and raise issues freely. You can be assured that you will receive one to one individual attention from our team.

    Suitable for

    The 6 Months Intermediate Training is ideal for:

    Those who have no prior experience or qualification in accountancy

    Candidates currently studying ACCA, AAT, FIA, CIMA, CIPFA or other accountancy and payroll qualifications but have no practical accountancy and payroll experience

    Candidates with overseas accounting and payroll experience but not within the UK

    Candidates new to Computerised accounting and payroll

    Candidates new to accounting and payroll, looking forward to maintaining their own accounts and payroll records to reduce their costs



Practical Accountancy Training and Work Expereince

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