Basic Accounting Este curso é ministrado em inglês

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.

Ultima actualização em  16 February, 2021