Next Scheduled Date: 20 May 2024
- Location: CTP Aldershot Training Centre
- Duration: 5 Days
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Funding:
Contract Funded
- Course Fee: 5 Days IRTC (£133.50)
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Course Fee
from October 2024:
5 Days IRTC (£133.50) - Book today!
civ: 01252 954007
Why take this course?
This course is designed to help Service leavers, who plan on running their own business, to understand how to keep small business accounts, to report results and pay business taxes. It is also an ideal course for those seeking employment as a manager or with responsibility for finance in a small business or enterprise. This course packs a surprising amount of information into the 5 days and is delivered by an engaging and knowledgeable tutor.Is this the right course for me?
This course would benefit any Service leaver planning to start a small business or anyone who would like to know more about accounting and financial management in a small business.The course covers the whole accounting process, detailed bookkeeping and transaction recording to final accounts level and explores accounting system options. In addition, you will gain an understanding of cash flow management and financial planning.
For those seeking a more general overview of corporate finance, rather than detailed accounting in a small business, please consider our 3-day ‘Strategic Finance for Non-Financial Managers' course.
Qualifications
There is no qualification associated with this course. Service leavers will gain an understanding of keeping small business accounting and how they can contribute, either as the business owner or as an employee of a small business.Eligibility
This 5-day programme is open to anyone considering self-employment or setting up a small, limited company. It is also relevant to anyone taking on financial responsibility within a small business setting.Course Content
The course covers bookkeeping and accounting in a small business setting together with the essentials of sound financial management.
Attendees will gain an awareness of the requirement to pay tax on their business income and may need to seek further guidance and expertise, as appropriate, on managing their tax affairs.
Content includes:
Getting started:
- Overview of different business structures and options
- The requirement to register and how to register a new business
- Business finance, owner’s capital and shares.
Accounting fundamentals:
- Accounting systems and record keeping
- Terminology, including assets, liabilities, income and expenses
- Cash basis of accounting and accrual accounting
- The accounting process from source document to final accounts
- Transactions recording using double-entry bookkeeping
- Accounting standards, concepts and conventions
- Adjusting asset values and matching revenue and cost
- Capital expenditure, depreciation and amortisation
- The Profit and Loss (P&L) and Balance Sheet reports.
Using financial information:
- Reading financial statements and using ratios to interpret results
- Financial measures for a small business owner.
Reporting business income and paying tax:
- Overview of financial information required by Companies House
- Awareness of tax assessment process for business income and profit, and requirement to submit information to HMRC.
Financial management:
- Cash flow planning and maintaining liquidity
- Managing inventory, trade debtors and trade creditors
- Understanding cost type, cost behaviour and contribution margin
- Break-even point of sales and profit forecasting
- Capital expenditure planning and investment appraisal.
Employing people and considering risk:
- Financial considerations when employing staff
- Business insurance
- Common pitfalls to avoid.
Career Opportunities
Each year thousands of people start their own business and the most successful are those who best prepare for the journey into self-employment. This course helps Service leavers understand the financial undertaking of self-employment and how to keep accounts for a small business.Accounting in a Small Business
Scheduled dates and locations
Here are the next available dates. To check availability or to book a place contact
civ: 01252 954007
Select location
CTP - Online
CTP Aldershot Training Centre
RC Portsmouth
All
- Date Location Availability
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20 May 2024
CTP Aldershot Training Centre
Reserve spaces available
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3 Jun 2024
RC Portsmouth
Limited Availability
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29 Jul 2024
CTP Aldershot Training Centre
Good Availability
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23 Sep 2024
CTP - Online
Reserve spaces available