Final Accounts Training is the ultimate goal in your career as an accountant in the field of Accountancy. In this you keep track of a company's financial transactions using standard rules, the transactions are recorded, summarized, and presented in a financial report or financial statements such as an income statement or a balance sheet. You will be learning Accounts finalisation using Sage Accounts Production (SAPA) .The Training is available in London, Birmimgham, Manchester and Online.
The Final Accounts training course combines all the training and courses at Future Connect and gives a high-end practical experience of the complete accounting cycle. You will be starting off with Bookkeeping and VAT Return at the initiation of this course. After you have proper Bookkeeping skills in various Industries, the trainees move on to an intermediate level of accountancy and learn to close the books for the year-end. At this stage, the initial Trial Balances are calculated and Trainees are given a chance to attend the academic classes focussing on CIS, Control Accounts, Advanced Excel and FRSSE.
The Final accounts training is done on Sage Accounts Production Advanced software, they could also use other software like XERO and QuickBooks with MS Excel. The trainee can now make a complete company file that includes calculation of Corporation Tax.
This course is suitable for both people new to accountancy and with work experience in the accounting sector who wants to enhance their skills in expert-level accounting. You will be coached by CPD Certified professionals who will help you throughout the entire learning process with hands-on practical experience that will put you on a launchpad for your career in this fast-paced accounting environment.
The course is suited for aspiring bookkeepers, and anyone who wants to start a career in accounting.
New entrants into accounting sector
Learners pursuing accounting qualification
Candidates with overseas experience
CPD Certificate
Accountancy Practice Certificate
IAB Certificate
Xero Advisor Certificate
You have option of learning any of the following Accounting Software's:
Sage 2017 v24
XERO
Quickbooks
Capium
Forbes
IRIS
Freshbooks
VT Software
Free Agent
(YOU CAN CHOOSE MORE THAN ONE SOFTWARE)
The training is provided with the relevant industries listed below:
Construction
Wholesale
Retail
Dental Clinics
Online Business
IT
Solicitor
Medical Surgeries
Architect & More
*Using sage as an example, the course structure is as follows:
(The course structure is the same for all the other software)
Final accounts are the last stage of the financial system of an organization. It shows both the financial position of the company and profitability to the company and its owners and other interested parties. All the financial transactions are first recorded in journals then posted in a ledger and then they are balanced and final accounts summarises them all.
This is the first phase of the final accounts. At this step gross profit and loss is calculated. On the debit side i.e. left-hand side opening stock, purchases and all the direct expenses are shown.
If the debit side is greater than the credit side, the excess amount is called gross profit. It is moved to the credit side of profit and loss accounts.
If the credit side is greater than the debit side; the excess credit amount is called gross loss. It is moved to the debit side of profit and loss account.
It the second step of final accounts. At this step net profit and the net loss is calculated by the business. It takes net profit and net loss from the trading accounts; transfer all the indirect expense accounts, such as salary and wages, utility expense and advertising expense, etc. to the debit side and transfers all the indirect incomes such as interest earned, dividends shared and profit on sales earned on the credit side.
It basically separates our earning and expenses so that we can further process with the final accounts with the least possible errors.
The balance sheet is the final step of final accounts; construct to find out the financial position of the business at a particular period fiscal or annual. Balance sheets consist of three building blocks of basic accounting i.e. assets, liability and owner’s equity/owner’s capital.
The balance sheet is not an account it is a statement. There are no debit or credit sides. The left-hand side of a balance sheet consists of all liabilities of the business and right-hand side consists of all the assets and owner’s equity/ owner’s capital. In the balance sheet of the final accounts, both sides must be equal.
This training course for Final Accounts is designed for those who want a bright career in the accountancy industry. With this training course, you will be able to run final accounts proficiently.
SAGE offers you one of the best platforms to learn accountancy like a pro. Future Connect Training will guide you and help you learn all the necessary things about final accounts. These courses and training can also be availed by people already in the industry.
The students will acquire following set of skills after completing this Final Accounts Training Course.
Introduction to Corporation Tax Online
Tax Calculation
Computation Data
Company Information
Information for the Return
Payments and Repayments
Tax Avoidance
Loss Relief Deductions Allowance
Adjustments to Trade Profit
Losses
Capital Allowances
Qualifying Charitable Donations
Non-trade Loan Relationships
Non-trade Deficits
Loans to Participators
UK Property Business – Adjustments
UK Property Business – Capital Allowances
UK Property Business – Losses
Attachments
Online filing errors
Producing computation
Submitting tax return
Introduction
Enter data
Sets of accounts
Create a set of accounts
Manage sets of accounts
Enter a trial balance
Standard trial balance
Enter a comparative trial balance
Extended trial balance
Populate trial balance from Accounting
Import from CSV file
Chart of accounts
Create nominal accounts
Nominal groups list
Nominal groups
Create journals
The journal’s list
Prior period adjustments
The Data page
Enter officers and professional advisers
The Accounts Preview tab
Manage accounts preview content
Accounts opening Balance Adjustments
Trial balance analysis & corrections
Month & Year end Adjustments
Depreciation, Wages Journals
Control Accounts
Clearing Suspense Account
Adjusted Trial balance
Aged debtor & Creditor analysis
Production of Year end Accounts
Employee Records
Payments and Deduction
Basic Pension Schemes
Pay Elements & Company Reports
Statutory Payments
Generating Payslips
FPS, EPS , RTI Submissions
Setting up Starters & Leavers
P32 and HMRC Submissions
Sales Day Book
Purchase Day Book
Credit Notes
Debtor / Creditor Reconciliation
Petty Cash Reconciliation
VAT Calculation
Bank Reconciliation
VAT Adjustment
VAT Submission
Bookkeeper
Financial Controller
Junior Accountant
Asst. Management Accountant
Accountant
Accounts Assistant
Sr Bookkeeper
Credit Controller
Finance Manager
Accounting Clerk
Accounts Manager
Budget Analyst
Payroll Administrator
Payroll Clerk
Assistant Controller
Management Assistant
After finishing your training, you will be given a chance of guaranteed work placement at our offices or at our external client’s offices. The duration is dependent upon the training course you have opted with us.
