Professional Level Training Courses in Accountancy

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professional Level

Description

After the Accounts have been finalised, you will learn how to plan budgets, forecasts You will also learn financial modelling, how to do self assessment returns and financial review

  • Contents of TrainingOpen or Close
    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

      The training is carefully structured to give candidates the practical skills to enable them prepare accounts from source documents to the VAT return, in the exactly same manner as it is required.from our staff in our accountancy practice. This is a very unique platform for candidates, as it links directly into placements and ultimately jobs. We pride ourselves on giving opportunities to those who have the determination and attitude to succeed at accountancy. We promise to inspire you and develop you on every step on the way, with regular feedback sessions and supporting services. Candidates have the opportunity to master a Computerised bookkeeping and payroll package of their choice from Sage, Sage Payroll, QuickBooks, IRIS, TAS or VT.
    • 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

      Monthly, Quarterly Management Accounts Performing banks reconciliation

      Learning about VAT management

      Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

    • Advanced 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

      Monthly, Quarterly Management Accounts Performing banks reconciliation

      Learning about VAT management

      Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

    • Skills Level
      • International Trade UK & Foreign VAT S
        OVERSEAS TRADE, UK FOREIGN VAT

        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

    • Additional Contents of Professional Level Training
      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

      Monthly, Quarterly Management Accounts Performing banks reconciliation

      Learning about VAT management

      Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

      This training package is everything you need to demonstrate your competency for the following roles:

      Finance manager Financial Accountant Management Accountant

      Accounts payable manager Credit controller

      Small business Performance Analyst

      Additional Content
      • Budgets Forcasting & Financial Modelling*
        Budgeting in a business has benefits and consequences that go beyond the financial dimension and have more to do with business management in general. Consider the following benefits of a budgeting process. Budgeting forces managers to do better forecasting. Managers should be constantly scanning the business environment to spot changes that will impact the business. Vague generalizations about what the future may hold for the business are not good enough for assembling a budget. Managers must put their predictions into definite and concrete forecasts. This course provides you with the best techniques and equips you with detailed analytical skills so that you can stand out from crowd while at job or during application process. Introduction to Forecasting (Collection and examination of data)

        Smoothing Techniques Trend Analysis Regression Analysis Expected Values

        Evaluating Forecasting Techniques

        Perform advanced breakeven analysis for products and services Perform ratio analysis

        Work with dates, times, and strings of text and pluck out pieces of data from a database Perform What-if analysis to model and compare business scenarios

        Design a loan repayment calculator model using Excel

        Developing a financial plan

        Business Plans Appraisal (Net Present Value, Internal Rate of Return, Economic Order Quantity, Simple payback)

        Design and implement an investment model - NPV (Net present Value) Introduction to Budgets

        Making Budget Template Making Actual Template Variance Reporting Template Reporting Template

      • Self Assessment Return (SA 600)
        UK has one of the highest statistics of Self Employed individuals with 4.2 million people who are Self Employed, amounting to 18% of total employment. All of them require a Self assessment Tax Return. Apart from that there are 4,788,000 Small and Medium companies which is 99.9 % of all private sector businesses in the UK having directors requiring Tax returns. Self Assessment Tax Return Course enables you to target a very large UK market for professional services it enable you to calculate the Income and expenditure and prepare tax return for:

        Income from Self Employments.

        Income of company directors.

        Income from savings and investments of £10,000 or more

        Income from untaxed savings and investments of £2,500 or more

        Income from property of £10,000 or more before deducting allowable expenses or £2,500 or more after deducting allowable expenses

        employment income on PAYE above £100,000

        Anyone lived or worked abroad or aren't domiciled in the UK

        Have Capital Gains Tax to pay

        Anyone who owes tax and it cannot be collected through the tax code. For instance when the taxable Basic State Pension is greater than the Personal allowance.

      • Financial Review
        A comprehensive training course with up to date material to practice at home and during your class. We will also provide a step by step manual of all the tricks you can do using Excel spreadsheets to gain better management reporting and budgeting skills. Whether you're looking for a beginner, intermediate or advanced Excel training program, you won't be disappointed in the end result. You will learn valuable tips and tricks to improve your excel skills. Course contents:

        Summing Techniques

        IF, Cell References, Formula Linking,etc

        New Formulas of Excel 2007 Sumifs, Countifs, Iferror Database Formulas

        Subtotal (Formulae & Procedure) Tables

        Macros

        Look up References (Vlookup, Hlookup,etc) Data Validation

        Conditional Formatting Date & Time Formulas Charts & Graphs Protection & Security Goal Seek

        Groupings Pivot Table

        Pivot Table Charts Hyperlinks Scenario

        Hlook ups Vlookups

        Web workbooks Sharing Workbooks

  • Optional ModulesOpen or Close
    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 Payroll IRIS Payroll
    5 Fundamental Payroll Excel Payroll
    6 Fundamental Bookkeeping MYOB
    7 Fundamental Bookkeeping OCR Level 1
    8 Fundamental Payroll TAS Books Payroll
    9 Fundamental Bookkeeping TAS Books
    Level Courses Products
    10 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 *
    Level Courses Products
    15 Professional ERP Bookkeeping TALLY
    16 Professional Accounts IRIS Accounts
    17 Professional Accounts CCH Accounts
    18 Professional Accounts XERO *
    19 Professional Audit Audit Professional Level
  • Benefits of Advanced level TrainingOpen or Close

    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)

    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 6 Months Intermediate 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



Practical Accountancy Training and Work Expereince

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