Accounts Finalisation Training|SAPA|Final Accounts in London

Final Accounts Training Course


  • 2 - 7 Months
  • 85 Sessions
  • Full Time / Part Time

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.

Course Overview

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.

Suitable For

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

Certification

CPD Certificate

Accountancy Practice Certificate

IAB Certificate

Xero Advisor Certificate

Course Content

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)

Industries Covered

The training is provided with the relevant industries listed below:

Construction

Wholesale

Retail

Dental Clinics

Online Business

IT

Solicitor

Medical Surgeries

Architect & More

Course Modules

*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.

  • Trading Accounts
  • Profit and Loss Accounts/ Income Statement
  • Balance Sheet

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.

Skills You Will Gain

The students will acquire following set of skills after completing this Final Accounts Training Course.

Corporation Tax

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

Final Accounts Training

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

Control Accounts

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

Payroll

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

Bookkeeping

Sales Day Book

Purchase Day Book

Credit Notes

Debtor / Creditor Reconciliation

Petty Cash Reconciliation

VAT Calculation

Bank Reconciliation

VAT Adjustment

VAT Submission

Career Path

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

Work Placement Structure

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.

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This course includes:
  • 340 hours of Training
  • Corporate reporting, IFRS and CT 600 Calculations
  • Trial Balance Adjustments until FTB
  • Manual calculation of SSP, SMP, SAP and more
  • Complete Bookkeeping, VAT and Payroll
  • VAT Schemes, Claims and Adjustments including Penalties and Surcharges
  • IFA Endorsed Certificate of completion
  • Control Account, P&L and Balance Sheet Reconciliation
  • CV and Recruitment support
  • Offices available in Finchley, Harrow, Hounslow, Mile End, Corydon, Birmingham and Manchester
  • Free AAT Level 2 Included
  • Fully flexible structure – On Demand Training
  • Sage, Xero , QuickBooks and Adv. Excel for Bookkeeping
  • Sage Payroll, Bright Pay ,Xero and Qb Payroll
  • In-class, Online and Live Online options to train
  • Access on Mobile and TV

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