Basic Accounting Courses
"A profession in accounting can be both challenging and gratifying. Future Connect can advise you to choose the right steps along your route to a stable accounting career through globally acknowledged accounting qualifications.From accounting basics to high-level management accounting, our education designed to encourage you to build your desire career, we work with your contemporary level of knowledge and experience to qualify you thoroughly for success."
Table of Contents
- Accounting Course Overview
- What will you learn?
- Benefits of the Accounting course
- Course Modules/Lessons
- A list of Basic Accounting Courses in London
- Tutor Support
1. Accounting Course Overview
This Basic Accounting courses will help students to improve their skills in the accounting area, from the knowledge of Profit and Loss accounts to VAT. The curriculum will comprise a range of modules and present multiple examples of assessment.
Accountants have an essential job to monitor a company’s or an individual’s investments. They must keep a record of every transaction made by their employer and track all payments which are received. Accountants are also accountable for dealing with tax returns and making sure that the person or the company are obeying the law.This program is an introduction to accounting; you will study about the importance of accounting when it comes to market and learns everything from profits and losses to ratio analysis and how to deal with debt.
If you want to attempt a career in accounting or finance, this qualification is perfect for you. Similarly, if you are a business owner in demand to manage accounts or you engaged on a freelance basis, you will notice this course helpful.
2. What will you learn?
The basic accounting training in London prepares trainees for a career in the financial business by giving a comprehensive overview of accounting and finance.
This program will embrace:
- An introduction to the value of accounting
- A look at four ways to structure your business
- How to deal with appropriate government parties, registering and filing
- The advantages of a business bank account
- How to set up a business bank account
- Evaluating funding causes for your business
- Dealing with money from consumers
- How to keep a record of business costs and tax relief
- The essentials of recordkeeping and bookkeeping
- How to deal with taxes
- Employing team
- Taking money out of your business
- How to examine the profits, cash, and ratios in your accounts
- Using forecasting techniques to plan a future
- How to identify if you need an accountant
- Ethical methods of an accountant
3. Benefits of the Accounting Course
The basic accounting courses give learners a variety of benefits.
These include the following:
- The convenience of study, it could be from home or anywhere with an internet connection.
- Gives access to study at your own pace. There is no time deadline for this course, so if it takes days, weeks or months, you can still complete your studies.
- The study material that is available across any gadget with an internet connection including computers, tablets or mobile phones.
- Convenient, easy to manage course modules that make studying more enjoyable.
- Online support is available to help keep you focused while you study.
- Brings you an opportunity to learn comprehensive syllabus that supports you in acquiring the knowledge to begin your career in accounting.
- Improving your chances while you apply for work in the financial industry.
- After successful course achievement, you will get a certified and recognised diploma.
- An affordable pricing formation.
4. Course Modules/Lessons
Module 01: Introduction of the Importance of Accounting
- What is accounting, and how does it serve to operate a business profitably?
- Many subfields of the accounting
- Features of accounting data
- Advantages, functions, and purposes of accounting
Module 02: Four Potential Ways in Which to Structure Your Business
- Four potential ways to business could structure.
- Information about Sole Proprietorship, Limited Liability, Partnership, and Unincorporated Associations.
- How is every structure affected by various tax payment methods?
- Advantages and disadvantages of various business fabrication
Module 03: Dealing with Relevant Government Groups and Registering and Filing
- What is HMRC? and Its responsibilities
- How to register with HMRC?
- Setting up a sole trader business
- Fixing up a partnership company
Module 04: Setting Up and the Advantages of a Company Bank Account
- What are the advantages of a business bank account?
- What is a business current account?
- How is it helpful to have a current business account?
- Who can apply for a current business account?
Module 05: Evaluating the Origins of Funding for Your Business
- Family and friends
- Bank loans
- Business angel
Module 06: Dealing with Money from Consumers
- Complete information about VAT
- Who needs to enrol for VAT?
- What should cover on an invoice
Module 07: Keeping Record of Business Costs and Tax Relief
- The significance of keeping cost records
- Separating costs
- Two fundamental tools to use to track costs
- Which costs you can manage to pay less tax
Module 08: Essential Record-Keeping and Bookkeeping
- What reports HMRC say you must keep
- How and for how long to hold your business' paperwork
- How often you require to prepare accounts
- What management accounts are
Module 09: Dealing with Dreaded Taxes
- What is VAT and who must enrol for it?
- Why list for VAT, if it is not necessary to do so? When should you discontinue registering for VAT?
- How to register for VAT?
- What is the variation between invoice and cash accounting, how to work out how much VAT to pay and what is the VAT flat rate scheme?
Module 10: Employing Staff
- Listing as an employer with HMRC
- How to run payroll?
- In House Payroll.
- What is PAYE?
Module 11: Getting Money Out of Business
- Directors loans
Module 12: Understanding your Accounts Part I: Profit
- Intro to the Profit/Loss Account
- The discrepancy between Net Profit and Other Forms of Profit
- Extra benefits of Profit and Loss accounts
- Information not covered in a Profit and Loss Account?
Module 13: Reading your Accounts Part II: Cash
- Introduction to the balance sheet
Module 14: Reading your Accounts Part III: Ratios
- What are the accounting quotas?
- Introduction to financial ratios
- How to measure liquidity ratios, profitability ratios, and efficiency ratios
- What data can these ratios provide for your business?
Module 15: Using Primary Forecasting Methods to Plan for the Future
- An introduction to forecasting
- Types of forecasting difficulties
- Different forecasting methods
- Forecasting for small businesses
Module 16: Do You Need an Accountant?
- Facts about accountancy amounts in the UK
- Which industries should hire an accountant?
- At what stage a company needs an accountant?
- How can a good accountant advise business?
Module 17: The Daily Life and Ethical Work of an Accountant
- Accounting facts.
- A day in the living of an accountant
- Profits of a career in accounting
- The place of ethics in accounting
5. A list of Basic Accounting Courses in London
There are a lot of basic accounting courses for beginners to develop their skills in accounting.
AAT Course: AAT (Association of Accounting Technician) Qualification is a globally acknowledged qualification and highly appreciated by employers. AAT qualifications mainly offered on accounting and bookkeeping. AAT accounting courses provide an excellent opportunity for work progression as learners can proceed with other academic and professional skills gaining generous exemptions. Everything intended to help you succeed. Depending on your experience, you may begin AAT courses from various levels of AAT. AAT studies are designed for individuals to understand the practical features of accounting in detail; accordingly, whatever educative background you have, you can be successful with a dose of hard work.
Bookkeeping & VAT: Bookkeeping & VAT keeps you up to date with HMRC rulings and changes, teaches you to complete your VAT Return and submission deadlines, and helps to deal with goods coming from EU and Non-EU countries. The course revised for aspiring bookkeepers and anyone who wants to begin a career in accounting.
Bookkeeping & Payroll: Bookkeeping converges on recording and processing daily financial transactions such as purchases, expenses, sales, and receipts. This subject is a record-keeping activity that is the basis of all the financial reports done in Bookkeeping. It is imperative to keep records orderly, an accurate and correct of all the transactions provided in this training course. On the other hand, Payroll course is ideal for those who are new in accounting and require training on the fundamental elements of payroll processing. Training covers setting up employees, processing payslips, maintaining statutory payments, submission of RTI and calculating deductions from pay using the payroll accounting software like SAGE, XERO, and QuickBooks. You will also be studying rules around Auto Enrolment Pension Scheme.
Management Accounts: Management accountants perform an essential role in the overall progress and performance of the company. They are required to comment and see beyond numbers, predict, foresee, and prevent organizations from varying from there prime goals. Most Management accountant reports to the financial managers by planning reports and accounts. The management accountants are required to present a detail report with commentary on figures that supports the managers with the financial information needed to make short-term settlements related to production, operation, and investment.Generating budgets is a huge part of this position – you’ll be responsible for following internal costs, as well as driving efficiency and value for money throughout the organization.
Accounts Assistant: Accounts Assistant training course provides you with all the critical concepts and practical skills to apply and work as an Accounts Assistant or Finance Assistant. The course covers everything like essential invoice recording - invoice generation, purchase, expenses, and sales receipts. Also, working through VAT Return, VAT Reconciliations, usage of different VAT schemes, and managing the year-end closings. Will be able to use different Payroll methodologies like setting up employees, processing payslips, maintaining statutory payments, submission of RTI, and calculating deductions from pay that learned in this payroll training course.
Final Accounts: The Final Accounts training course program combines all the training and classes at Future Connect gives a high-end working experience of the complete accounting cycle. You will be beginning with Bookkeeping and VAT Return at the introduction of this course. After you have proper Bookkeeping skills on various Businesses, the trainees move on to an intermediary level of accountancy and learn to close the books for the year-end. At this level, the initial Trial Balances calculated, and students given a chance to accompany the academic classes focussing on CIS, Control Accounts, Advanced Excel, and FRSSE.
QuickBooks Training: Every small to big company will demand a bookkeeper who is organised and pay attention to specifications. QuickBooks is accepted by businesses to maintain their expenses and income, invoice its clients, create reports and record the daily business activities. Bookkeeping is the subdivision of accounting, and in QuickBooks training, we will teach you how bookkeeping unites with the industry-standard software. This program will include Bookkeeping fundamentals and technical sectors of accounting.
Sage Training: Our Sage 50 Accounting / Bookkeeping programs will develop your professional work and give you the skills and learning you must start in Finance and Accountancy field. Our Sage Accounting studies are IAB Approved.
Advanced Excel: Advance Excel is a database application that is practised all over the world—holding a good understanding of how Excel works are critical to a successful office operator. In its statements, it can use to summarise data displaying totals, averages, and very quickly produce examples and charts. It is a robust and flexible tool and used in a wide variety of complex applications. It is applied for applications as different, generating full financial models for businesses or groups of corporations and statistically examining scientific data.
Control Accounts: Control accounts are current ledger accounts that summaries’ a vast number of businesses. As such they are part of the double-entry system. Control accounts used to confirm the accuracy of the ledger accounting system. They mostly use with matter to receivables and payables balances. The primary goal of the control account is to keep the conventional ledger free of details and have the correct balance for the financial records. It can demonstrate via an example that the Accounts Receivable in the public ledger could be a control account. If its control account, the company would update the records with a few amounts, such as total sales on account for the day, full collections for the day, total allowances and returns for the day.
6. Tutor Support
When you are studying a program, it is always beneficial to know that you have the advice and support of tutors that want you to succeed in your education.
As part of the Basic free accounting courses uk, you will get access to our dedicated tutor assistance service. The academic teachers will be able to equip you with unlimited online email support to serve to answer any questions that you may have while you are considering the course.