Skills

After Final Trial Balance you would transfer everything onto Sage Account Production advanced and will be making Profit & Loss Accounts.

You will also learn IFRS and FRSSE You will prepare Final Accounts files with references and indexes to be reviewed by the senior accountants.

You will also learn Profit/Loss, Balance Sheet Reconciliation through lead schedules generated from SAPA.

You will also learn SAGE CT 600(Corporation Tax Returns), sage compliance, International Trade, UK & Foreign VAT

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 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

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
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

Corporation tax return CT 600

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

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

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.