- Physical/Online Training
Final Accounts is the process of preparing financial statements like balance sheet, income statement, cash flows. Final accounts provide the company’s financial positions which helps to understand the company’s financial health. You will learn accounting full cycle starting from Bookkeeping & VAT, Payroll, Account Assistant eventually to calculation the Corporation Tax due to HMRC. You will also prepare the Final Accounts on Sage Account Production which you need to submit to the companies house.
This course is suitable for those who are looking to build their accounting career as final accountants where you will go through theoretical as well as practical aspects of final accounts. All our courses are CPD certified and trained by the professionals who are experienced and well trained.
- Balance Sheet: It is snapshot of company financial position such as its assets and liabilities.
- Income Statement: It show company’s revenue, expenses, and shows the net profit for the current financial year.
- Statement of Cash Flows: It shows cash inflows and outflows during the financial year.
- Statement of Changes in Equity: It includes any changes in Company’s equity over the year.
- Director’s Report: This report is from the director of company which focuses on company’s performance over the year.
- Auditor’s Report: It is the confirmation from external auditor declaring that the company’s record is in line with generally accepted accounting principles (GAPP) and they reflect the true strength and position of company’s financial health.
Course Content
- Trading Account
- Gross Profit/Loss
- Income Statement
- Net Profit/Net Loss
- Balance Sheet
After preparing final accounts we will calculate the Corporation Tax using Tax Filer
Theoretical/ Practical Aspect
Corporation Tax
- Introduction to Corporation Tax
- Calculating Taxable profit
- Allowable Expenses and reliefs
- Capital Allowances
- Trade Profit Adjustments
- Calcuating Corporation Tax
- Online Filing
- Confirmation Statement
- Company Accounts
- Adjustments to trade profit
- Loss relief
Final Accounts
- Introduction
- Set of Accounts
- Managing set of Accounts
- Trail Balance
- Populating trail balance
- Chart of Accounts
- Account Codes
- Nominal group
Jobs you can apply
- Bookkeeper
- Payroll Administrator
- Account Assistant
- Junior Accountant
- Finance Manager
- Accounting Clerk
- Final Accountant
- Accounts manager
Our Program Includes
CV Update
Interview Preparation
Placement Oppurtunites
Industry Reference
You will be working with our real client data and we will provide reference from our college as well as from our Accountancy Firm.