After Final Trial Balance you would transfer everything onto Sage Account Production advanced and will be making Profit & Loss Accounts.
You will also learn IFRS and FRSSE You will prepare Final Accounts files with references and indexes to be reviewed by the senior accountants.
You will also learn Profit/Loss, Balance Sheet Reconciliation through lead schedules generated from SAPA.
You will also learn SAGE CT 600(Corporation Tax Returns), sage compliance, International Trade, UK & Foreign VAT
Contents of Training
As all the courses are progressive courses. The Intermediated Level training includes all the course contents of Advanced Training
Fundamental Training
Candidates will receive a hands-on training and will know how to perform the following tasks:
Setting up companies
Setting up a company either as a cash accounting scheme or a standard accounting scheme
How and when to register for VAT
Choosing the chart of accounts that suits the firm's needs and how to customize it
How double entry is applied in accounting software and how to customize the nominal ledger and nominal codes
Setting up customers accounts
Process customers batch invoices, individual invoices and credit notes Suppliers accounts setup
Processing suppliers invoices and credit notes
Generate reports on invoices due, customer/supplier invoice activity
Performing error corrections
Allocating payments and receipts of cash in a business Allocating bank payments and receipts
Allocating Supplier/Customer Payments and Receipts Performing bank reconciliation
Processing the VAT return and reconcile the VAT return Submitting the VAT return to HMRC
Knowing how to deal with other VAT issues
Performing Debtor Analysis Credit control procedures
Candidates will perform Computerised Book-keeping, Bank Reconciliation & VAT Returns for various industry businesses, gaining a greater insight into accounting up to trial balance
Candidates will gain strong understanding of how to prepare client's account from incomplete records, using various accounting software
Deeper understanding of VAT - Rules of registration and de-registration Reconciliation of VAT, Completing a VAT return.
Import and export VAT analysis
Calculating VAT for a business with mixed zero-rated and standard-rated sales, combining Sage and Excel
Candidates will perform Excel Spreadsheet Book-keeping and Bank Reconciliation Candidates will gain an insight into how to deal with HMRC queries
Performing Stock Control using Computerised Book-keeping How to keep a track of Stock movements
extract Bill of materials.
Candidates will perform sales order processing, purchase order processing and stock reporting.
Invoicing from stock and updating stock records
Intermediate Level
In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC.
In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.
Internal control procedures for tangible fixed assets and cash
Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.
Posting adjusting journal entries at month end such as Accruals,
Prepayments,
Depreciations, calculating depreciation using different methods VAT
Intercompany transactions and reconciliations
Using a Computerised accounting package of your choice. Preparing closing entries
Preparing the Final Trial Balance
Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet
Dealing with HMRC queries and small tax matters
Summaries and analyses financial data and produce reports for management purposes
Understanding of International Trade European Union (EU) VAT System Non-EU countries & Single Market
Acquisitions and Dispatches Reporting Requirements Introduction to the UK TAX SYSTEM Different Types of taxes in the UK
Difference between TAX EVASION AND TAX AVOIDANCE
Difference between Direct and Indirect Tax Identify the correct headings under which main sources of income are taxed.
Examples of Non-Taxable Income and Taxable Income
Set out an income tax computation in the standard format
Compute taxable income
TAX RETURN SUBMISSION AND DATES
Penalties and Charges for late submission of Tax Returns
Apply the correct tax rates, distinguishing between savings income, dividend income, and
other income
Identify personal allowances to which the taxpayer is entitled and explain the conditions which apply
Employment Income
National Insurance Contribution Class 1 P.A.Y.E
TAX Codes
Corporation tax return CT 600
The Corporation tax practical training allows you to master the calculation and preparation of Corporation tax returns and allows you to understand the corporation tax year end for Accounts purposes.
You will be able to:
Understand Corporation tax rules and regulations .
Perform corporation tax calculations on actual companies.
Understand Corporation tax returns and how to fill up the returns
Prepare Corporation Tax control accounts
Perform year end journal entries related to Corporation tax for the finalization of Statutory Accounts Production
Understanding Directors loan account and Corporation Tax
Understanding Losses and dealing with them for Corporation Tax
Charities and Corporation Taxes
Keeping records and ensuring Compliance with HMRC
Learn how to operate Sage Corporation Tax and use Micro Soft Excel for the Corporation tax purposes
Sage Accounts Production Advanced (SAPA)
The FRSSE is a standard that may be applied by companies that qualify as small under the Companies Act and other entities that would have qualified as 'small' had they been incorporated. It brings together the relevant accounting requirements and disclosures from the other accounting standards and UITF Abstracts, simplified and modified as appropriate for smaller entities. It also includes relevant Companies Act requirements.
Suitable For
Do you want to upgrade you skills from BOOKKEEPING to FINAL ACCOUNTS level and not getting a chance to learn new things!!
Do you want to get full exposure of Management accounts and submission rules to companies house
Do you want to learn how to deal with small and medium company accounts and submission of Abbreviated Accounts
Content
Our Sage Accounts Production Advanced (SAPA) Training contents include:
Menu structure;
Importing data from Sage line 50 as per initial Trail Balance and completing the final control accounts.
Posting client and initial trail balance on SAPA, Navigating your way around the SAPA;
Creating a client and amending the client database;
Posting of clients data, including current year and comparative data;
Working paper reports including lead schedules, trial balance, general ledger and audit trail;
Working efficiently with documents and posting of data, including "Copy Document";
Entering "Disclosure data"; As Per FRSSE and other relevant standards. Working with ROP's. Report Pads and Headings;
Report Pad formatting - producing enhanced notes and reports; Producing draft and final financial statements;
Completing and understanding the compliance as per company's house. Year end process.
Making Abbreviated accounts of the company
Finalizing the accounts and making the final file of the company for partner review.
Learning how to do filing and making indexes of the company final accounts file.
Benefits
This course provides an overview of the latest version of the FRSSE, which is applicable for accounting periods beginning on or after 6 April 2008, and would benefit anyone who is involved in the preparation or review of the financial statements of small private entities.
Learning outcomes include obtaining a greater understanding of:
Learning Outcomes:
What the FRSSE is and who can & can't use FRSSE.
Differences between the FRSSE and full UK GAAP
The revisions to the FRSSE applicable for accounting periods beginning on or after 6 April 2008
Optional Modules
In addition to the Sage 50, Quick Books, Excel Bookkeeping and Sage Payroll, you can also choose 2 additional software from a list of 11 different options.
Optional Modules
Level
Courses
Products
1
Fundamental
Bookkeeping
Peach Tree
2
Fundamental
Bookkeeping
VT Books
3
Fundamental
Bookkeeping
IRIS BK
4
Fundamental
Bookkeeping
MYOB
5
Fundamental
Bookkeeping
TAS Books
6
Fundamental
Payroll
IRIS Payroll
7
Fundamental
Payroll
Excel Payroll
8
Fundamental
Payroll
TAS Books Payroll
Level
Courses
Products
9
Intermediate
Adv. Bookkeeping Cert.
OCR Level 2
11
Intermediate
ERP Bookkeeping
TALLY
Level
Courses
Products
12
Advanced
ERP Bookkeeping
SAP End User
13
Advanced
Accounts
VT Accounts
Level
Courses
Products
14
Skills
Accounts
IRIS Accounts
15
Skills
Accounts
CCH Accounts
16
Skills
Accounts
XERO *
Benefits of Skills Training
GUARANTEED WORK PLACEMENT either in our accountancy practice or with our
clients.
In-house recruitment facilities
Certification on completion provided by KBM Certified Chartered Accountants and
Registered Auditors
Reference provided by KBM Certified Chartered Accountants and Registered
Auditors
Counts towards your experience necessary for ACCA, AAT, FIA, CIMA, CIPFA or
any other accountancy organisation's memberships
FREE complete preparation for the OCR qualification*
One to One CV Consultations and Mock Interview Sessions
Pre-interview screening tests, increasingly used by employers to select
candidates
Interview Preparation
Job Hunting tips
Free Sage or QuickBooks software (Worth over £900)
Please refer to our terms and conditions
Each training session has a few candidates delivered in a friendly and relaxing environment, which gives
candidates the opportunity to ask questions and raise issues freely. You can be assured that you will receive one
to one individual attention from our team.
Suitable for
The 12 Months Skills Training is ideal for:
Those who have no prior experience or qualification in accountancy
Candidates currently studying ACCA, AAT, FIA, CIMA, CIPFA or other accountancy
and payroll qualifications but have no practical accountancy and payroll experience
Candidates with overseas accounting and payroll experience but not within the UK
Candidates new to Computerised accounting and payroll
Candidates new to accounting and payroll, looking forward to maintaining their
own accounts and payroll records to reduce their costs