Basic Accounting Harley Oxford

Whether you’re looking to start a career in the financial industry, or are a small business owner who needs to ensure you have total control of your finances, this great value online course is designed to teach you the basics.

This course covers:
 
  • Find out about the role of accounting in helping to operate a business profitably.
  • Learn about the various subfields of accounting and the characteristics of accounting information.
  • Explore the functions, advantages and objectives of accounting.
  • Discover four possible ways in which a business can be structured.
  • Get to grips with the concepts of sole proprietorship, partnership, limited liability and unincorporated association.
  • Learn about the tax payment implications and advantages and disadvantages of different business structures.
  • Learn about HMRC and its responsibilities.
  • Find out how to register with HMRC.
  • Learn how to set up sole trader and partnership businesses.
  • Explore the benefits of having a business bank account and who is eligible to open one.
  • Evaluate different funding sources for a business including bootstrapping, family and friends, bank loans and business angels.
  • Find out what you need to know about dealing with money from customers including VAT, who needs to register for VAT and what needs to be included on an invoice.
  • Learn about the importance of keeping cost records and separating costs.
  • Explore two important tools to track costs and which costs can be used to pay less tax.
  • Find out which records HMRC require you to keep and how long you are expected to keep paperwork.
  • Discover what management accounts are and how often you need to prepare accounts.
  • Learn more about VAT, who needs to register for it and when it is preferable not to register for it.
  • Find out the difference between invoice and cash accounting.
  • Explore the VAT flat rate scheme and how to work out how much VAT is owed.
  • Tackle the important subject of employing staff including registering as an employer with HMRC, running a payroll, in-house payroll and PAYE.
  • Explore taking money out of a business via dividends, IR35, directors’ loans and salary.
  • Get an introduction to the profit and loss account.
  • Learn the difference between net profit and other forms of profit.
  • Find out the important information you can get from a profit and loss account and what information is not included.
  • Study an introduction to the balance sheet including assets, liabilities and capital.
  • Work through an introduction to accounting ratios and financial ratios.
  • Learn how to calculate liquidity ratios, profitability ratios and efficiency ratios and discover what information these ratios provide.
  • Gain an insight into forecasting including potential forecasting problems, different forecasting methods and forecasting for small businesses.
  • Evaluate which businesses should have an accountant, at what point a business should consider getting one, and how a good accountant can help your business.
  • Learn more about the daily life of an accountant, the benefits of a career in accounting and the place of ethics in accounting.

This course is no longer available.

Basic Accounting Harley Oxford
Price: USD 87
USD 257
  • Duration: Upto 15 Hours
  • Timings: Part Time, Flexible

    Course details

    Whether you’re looking to start a career in the financial industry, or are a small business owner who needs to ensure you have total control of your finances, this great value online course is designed to teach you the basics.

    This course covers:
     
    • Find out about the role of accounting in helping to operate a business profitably.
    • Learn about the various subfields of accounting and the characteristics of accounting information.
    • Explore the functions, advantages and objectives of accounting.
    • Discover four possible ways in which a business can be structured.
    • Get to grips with the concepts of sole proprietorship, partnership, limited liability and unincorporated association.
    • Learn about the tax payment implications and advantages and disadvantages of different business structures.
    • Learn about HMRC and its responsibilities.
    • Find out how to register with HMRC.
    • Learn how to set up sole trader and partnership businesses.
    • Explore the benefits of having a business bank account and who is eligible to open one.
    • Evaluate different funding sources for a business including bootstrapping, family and friends, bank loans and business angels.
    • Find out what you need to know about dealing with money from customers including VAT, who needs to register for VAT and what needs to be included on an invoice.
    • Learn about the importance of keeping cost records and separating costs.
    • Explore two important tools to track costs and which costs can be used to pay less tax.
    • Find out which records HMRC require you to keep and how long you are expected to keep paperwork.
    • Discover what management accounts are and how often you need to prepare accounts.
    • Learn more about VAT, who needs to register for it and when it is preferable not to register for it.
    • Find out the difference between invoice and cash accounting.
    • Explore the VAT flat rate scheme and how to work out how much VAT is owed.
    • Tackle the important subject of employing staff including registering as an employer with HMRC, running a payroll, in-house payroll and PAYE.
    • Explore taking money out of a business via dividends, IR35, directors’ loans and salary.
    • Get an introduction to the profit and loss account.
    • Learn the difference between net profit and other forms of profit.
    • Find out the important information you can get from a profit and loss account and what information is not included.
    • Study an introduction to the balance sheet including assets, liabilities and capital.
    • Work through an introduction to accounting ratios and financial ratios.
    • Learn how to calculate liquidity ratios, profitability ratios and efficiency ratios and discover what information these ratios provide.
    • Gain an insight into forecasting including potential forecasting problems, different forecasting methods and forecasting for small businesses.
    • Evaluate which businesses should have an accountant, at what point a business should consider getting one, and how a good accountant can help your business.
    • Learn more about the daily life of an accountant, the benefits of a career in accounting and the place of ethics in accounting.
    Updated on 16 February, 2021

    About Harley Oxford

    With over 100,000 learners and over 1000 courses, Harley Oxford is one of the leading providers offering online courses.

    Interested in learning a new skill or hobby?

    • Harley Oxford courses are accessible from anywhere in the world
    • Each course is compatible with computers, laptops, tablets and most smartphones
    • Each course comes with a course tutor 
    • Access FREE CV support and job tips


    Study a Harley Oxford course at your own pace, from the comfort of your own home, and work towards industry recognised awards that will add value to your CV.

    With our range of courses always growing, it is safe to say that at Harley Oxford we have a passion for learning, and that is why we will always go that extra mile for you as well as making sure that you get the best customer services available. If you want to learn more about a course or if you want to find out what course is right for you, let us know.

    See all Harley Oxford courses
    Courses you can instantly connect with... Do an online course on Accounting starting now. See all courses

    Is this the right course for you?

    Rate this page

    Didn't find what you were looking for ?

    or