Final Accounts

  • Preparing Income & expenditure accounts for sole traders
  • Preparing balance sheets for sole traders
  • Finalizing the accounts
  • Analysing the accounts for sole traders
  • Calculating the taxes for sole trader profits
  • Tax planning for sole traders based on the taxes on accounts

Limited Company Accounts for SME's

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

  • 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?

Contents:

  • 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 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.

Partnership Accounts

Extract A Set Of Final Accounts For A Partnership And Be Able To:

  • 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

Limited Liability Partnership Accounts

LLP SORPS are standards that are applied by Limited Liability Partnerships for the preparation of their statutory 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.

Charity Accounts

Charity SORPS are used for preparing accounts for Charity Organizations

Suitable

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

  • Framework for Charities
  • Accounts Structure
  • Purpose of Trustee Annual Reports & Accounts
  • Contents of the Annual Reports
  • Lead Schedules and Client Working papers
  • Charity Accounts chart listing
  • Notes in isolation for Charity Accounts
  • Completing and understanding the compliance as per Charity Commissions
  • Year-end process.
  • Learning how to do filing and making indexes of the company final accounts file.
  • Working with ROP's. Report Pads and Headings;
  • Finalizing the accounts and making the final file of the company for partner review.

IXBLR Preparation

SKILLS LEVEL 12 MONTHS

SAPA Description

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

  • 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.
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