This course is for anyone wishing to computerise their accounts, or who need to use a computerised accounts package, and do not have any previous accounts experience or formal training in accounts and finance.
Aims
By the end of the course you will be confident using the essential features in Computerised Accounting/Book-keeping.
What you will learn
In particular you will be able to:
- Understand the principles of double entry book-keeping.
- Understand the categories and headings used in your accounts.
- Understand the significance of the coding of accounts.
- Understand the significance of the Chart of Accounts and its relationship to the account codes.
- Be able to complete a trial balance.
- Understand the implications of being VAT registered.
- Understand the difference between standard and cash accounting for VAT.
- Bring together the figure for a simple VAT return.
- Understand the benefits of keeping a sales and purchase ledger.
- Understand the difference between a cash and an accrual system.
- See how a Profit and Loss and Balance sheet are compiled.
- See how a Budget report can benefit your organization.
- List the benefits of keeping these records on computer.
- Plan a strategy for computerizing your accounts.
Requirements
Delegates must be familiar with using Windows and have basic keyboard skills.
Timetable
Session 1
Double Entry Book-keeping – the big picture, Financial Accounting (How Does it Work?)
Session 2
How to Code Your Accounts and the Trial Balance
Session 3
Understanding VAT, The Sales and Purchases Ledgers
Session 4
Management Reporting, Why Computerise?
The ‘Small Print’
The course will run from 10am to 4:45pm (light cold buffet 1pm to 1:45pm). Please be careful to arrive by 9.45am for registration and refreshments. The course will start precisely on time and it may not be possible to go back over material missed by late arrivals. If you arrive over 30 minutes late you may be asked to leave and attend another day.
