Expert Level for Financial Accountant - Management Accountant & Auditor

This advanced level Financial Accountant - Management Accountant & Auditor course helps you to learn preparation of Financial Statements, dealing with HMRC enquiries, legal matters, audit and business planning

Expert Level

After Financial Review you will learn how to do Partnership Tax returns, Trust and State Tax Returns, Charity Returns and Companies Annual Returns.

Contents of Training

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 until 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

Advanced Level

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

Skills Level

International Trade UK & Foreign VAT S

OVERSEAS TRADE, UK FOREIGN VAT

Understanding of International Trade European Union (EU) VAT System Non-EU countries & Single Market
Acquisitions and Dispatches Reporting Requirements Introduction to the UK TAX SYSTEM Different Types of taxes in the UK
Difference between TAX EVASION AND TAX AVOIDANCE
Difference between Direct and Indirect Tax Identify the correct headings under which main sources of income are taxed.
Examples of Non-Taxable Income and Taxable Income
Set out an income tax computation in the standard format
Compute taxable income

TAX RETURN SUBMISSION AND DATES

Penalties and Charges for late submission of Tax Returns
Apply the correct tax rates, distinguishing between savings income, dividend income, and other income
Identify personal allowances to which the taxpayer is entitled and explain the conditions which apply
Employment Income
National Insurance Contribution Class 1 P.A.Y.E
TAX Codes

Corporation tax return

The Corporation tax practical training allows you to master the calculation and preparation of Corporation tax returns and allows you to understand the corporation tax year end for Accounts purposes. You will be able to:

Understand Corporation tax rules and regulations.
Perform corporation tax calculations on actual companies.
Understand Corporation tax returns and how to fill up the returns
Prepare Corporation Tax control accounts
Perform year end journal entries related to Corporation tax for the finalization of Statutory Accounts Production
Understanding Directors loan account and Corporation Tax
Understanding Losses and dealing with them for Corporation Tax
Charities and Corporation Taxes
Keeping records and ensuring Compliance with HMRC
Learn how to operate Sage Corporation Tax and use Micro Soft Excel for the Corporation tax purposes

Professional Level

Budgets Forecasting & Financial Modelling

Sage Accounts Production Advanced (SAPA)

The FRSSE is a standard that may be applied by companies that qualify as small under the Companies Act and other entities that would have qualiﬁed as 'small' had they been incorporated. It brings together the relevant accounting requirements and disclosures from the other accounting standards and UITF Abstracts, simpliﬁed and modiﬁed as appropriate for smaller entities. It also includes relevant Companies Act requirements.

Suitable For

Do you want to upgrade you skills from BOOKKEEPING to FINAL ACCOUNTS level and not getting a chance to learn new things!!
Do you want to get full exposure of Management accounts and submission rules to companies’ house?
Do you want to learn how to deal with small and medium company accounts and submission of Abbreviated Accounts?

Content

Our Sage Accounts Production Advanced (SAPA) Training contents include:

Menu structure;

Importing data from Sage line 50 as per initial Trail Balance and completing the ﬁnal control accounts.
Posting client and initial trail balance on SAPA, Navigating your way around the SAPA;
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 FRSSE 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.

Benefits

This course provides an overview of the latest version of the FRSSE, which is applicable for accounting periods beginning on or after 6 April 2008, and would beneﬁt anyone who is involved in the preparation or review of the ﬁnancial statements of small private entities. Learning outcomes include obtaining a greater understanding of:

Learning Outcomes

What the FRSSE is and who can & can't use FRSSE.
Differences between the FRSSE and full UK GAAP
The revisions to the FRSSE applicable for accounting periods beginning on or after 6 April 2008

Professional Level

Budgets Forecasting & Financial Modelling

Budgeting in a business has beneﬁts and consequences that go beyond the ﬁnancial dimension and have more to do with business management in general. Consider the following beneﬁts of a budgeting process. Budgeting forces managers to do better forecasting. Managers should be constantly scanning the business environment to spot changes that will impact the business. Vague generalizations about what the future may hold for the business are not good enough for assembling a budget. Managers must put their predictions into deﬁnite and concrete forecasts. This course provides you with the best techniques and equips you with detailed analytical skills so that you can stand out from crowd while at job or during application process. Introduction to Forecasting (Collection and examination of data)

Smoothing Techniques Trend Analysis Regression Analysis Expected Values
Evaluating Forecasting Techniques
Perform advanced breakeven analysis for products and services Perform ratio analysis
Work with dates, times, and strings of text and pluck out pieces of data from a database Perform What-if analysis to model and compare business scenarios
Design a loan repayment calculator model using Excel
Developing a ﬁnancial plan
Business Plans Appraisal (Net Present Value, Internal Rate of Return, Economic Order Quantity, Simple payback)
Design and implement an investment model - NPV (Net present Value) Introduction to Budgets
Making Budget Template Making Actual Template Variance Reporting Template Reporting Template

Self-Assessment Return

UK has one of the highest statistics of Self Employed individuals with 4.2 million people who are Self Employed, amounting to 18% of total employment. All of them require a Self-assessment Tax Return. Apart from that there are 4,788,000 Small and Medium companies which is 99.9 % of all private sector businesses in the UK having directors requiring Tax returns. Self-Assessment Tax Return Course enables you to target a very large UK market for professional services it enable you to calculate the Income and expenditure and prepare tax return for:

Income from Self Employments.
Income of company directors.
Income from savings and investments of £10,000 or more
Income from untaxed savings and investments of £2,500 or more
Income from property of £10,000 or more before deducting allowable expenses or £2,500 or more after deducting allowable expenses
Employment income on PAYE above £100,000
Anyone lived or worked abroad or aren't domiciled in the UK
Have Capital Gains Tax to pay
Anyone who owes tax and it cannot be collected through the tax code. For instance when the taxable Basic State Pension is greater than the Personal allowance.

Additional Contents of Expert 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

Partnership Tax Return

The two days Partnership tax practical training allows you to master the calculation and preparation of Partnership tax returns and allows you to understand the Partnership tax year end treatment for Accounts purposes. You will be able to:

Understand Partnership tax rules and regulations.
Perform Partnership tax calculations on actual companies.
Understand Partnership tax returns and how to fill up the returns
Prepare Partnership Tax control accounts
Perform year end journal entries related to Partnership tax for the finalization of Statutory Accounts Production
Understanding Losses and dealing with them for Partnership Tax
Keeping records and ensuring Compliance with HMRC
Learn how to operate Sage Compliance and use Micro Soft Excel for the Partnership tax purposes

Charity Annual Return & Trust & State Tax Return

The two days Trust/ Charity tax returns practical training allows you to master the calculation and preparation of Charity tax returns and allows you to understand the Charity tax year end for Accounts purposes. You will be able to:

Understand Charity tax rules and regulations.
Understand Charity and Trust & State returns and how to fill up the returns
Prepare Charity Tax control accounts
Perform year end journal entries related to Charity for the finalization of Statutory Accounts Production
Understanding Losses and dealing with them for Charity Tax
Keeping records and ensuring Compliance with HMRC
Learn how to operate Sage Corporation Tax/ Sage Compliance and use Micro Soft Excel for the Charity tax purposes

Benefits of Advanced level Training

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)

Please Refer To Our Terms And Conditions

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 12 Months Skills 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.