Diploma In Basic Accounting Online Course

Learn The Basics Of Accounting

Diploma In Basic Accounting Online Course

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OFF RRP US$269
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Learn The Basics Of Accounting

The Accounting Course offers students the necessary information required to manage your business better or begin a career in the financial industry in the United Kingdom.

This online training course provides students with instruction that will put you on the path to beginning a career as a successful accountant.

Accounting plays a critical role in maintaining and processing the important financial information that helps to operate a profitable business. This is a wide subject that focuses not only on accounting records, but on bookkeeping, taxes and on all aspects of finance. In order to prepare you in this regard, this course offers you a comprehensive overview of what you can expect from your career in accounting and finance.

Introduction to the Accounting Course

As this is an online training course students have the ability to study curriculum whenever and wherever it is convenient for them. Many enrolled students are still able to work full time and maintain an active lifestyle.

Our study material is easily accessed across any device with an internet connection with online support available while you train. After successful completion of this course and a multiple choice exam, you will be awarded your certificate. For a small cost, we can post the certificate for you, or you can download and print it from home.

By the end of this course, you will learn :

  • An introduction into the importance of accounting
  • A look at four ways to structure your business
  • How to deal with relevant government bodies, registering and filing
  • The benefits of a business bank account
  • How to set up a business bank account
  • Evaluating funding sources for your business
  • Dealing with money from customers
  • How to keep track of business costs and tax relief
  • The essentials of recordkeeping and bookkeeping
  • How to deal with taxes
  • Employing staff
  • Taking money out of your business
  • How to read the profits, cash and ratios in your accounts
  • Using forecasting methods to plan for the future
  • How to know if you need an accountant
  • Ethical practices of an accountant

Course Fast Facts:

  1. Learn the fundamentals of Basic Accounting
  2. Comprehensive 17 module Accredited Certificate In Basic Accounting Online Course 
  3. Study along with simple instructions & demonstrations
  4. Written and developed by leading accounting experts
  5. Receive one-on-one online help & support
  6. Unlimited, lifetime access to online course
  7. Certificate of completion awarded with passing score for the online assessment
  8. Study at your own pace with no rigid class timetables, 24/7 from any computer or smart device

Course Delivery

Courses are accessed online by any device including PC, tablet or Smart Phone. Upon purchase an automated welcome email will be sent to you (please check your junk email inbox if not received as this is an automated email), in order for you to access your online course, which is Available 24/7 on any computer or smart mobile device. 

Recognition & Accreditation

All students who complete this course, receive a certificate of completion with a passing score (for the online assessment) and will be issued a certificate via email.

Module 1 : Introduction to the Importance of Accounting

  • What is accounting and how does it help to operate a business profitably?
  • Various subfields of accounting
  • Characteristics of accounting information
  • Functions, advantages and objectives of accounting

Module 2 : Four Possible Ways in Which to Structure Your Business

  • Four possible ways in which a business can be structured.
  • Information about Sole Proprietorship, Partnership, Limited Liability and Unincorporated Association.
  • How every structure is affected by different tax payment procedures.
  • Advantages and disadvantages of a different business structure.

Module 3 : Dealing with Relevant Government Bodies and Registering and Filing

  • What is HMRC? Its responsibilities
  • How to register with HMRC
  • Setting up a sole trader business
  • Setting up a partnership business

Module 4 : Setting Up and the Benefits of a Business Bank Account

  • What are the benefits of a business bank account?
  • What is a business current account?
  • How is it beneficial to have a business current account?
  • Who can apply for a business current account?

Module 5 : Evaluating the Sources of Funding for Your Business

  • Bootstrapping
  • Family and friends
  • Bank loans
  • Business angel

Module 6 : Dealing with Money from Customers

  • Full information about VAT
  • Who needs to register for VAT
  • Invoicing
  • What should be included on an invoice

Module 7: Keeping Track of Business Costs and Tax Relief

  • The importance of keeping cost records
  • Separating costs
  • Two important tools to use to track costs
  • Which costs you can use to pay less tax

Module 8 : Essential Record Keeping and Bookkeeping

  • What records HMRC say you must keep
  • How and for how long to keep your business’s paperwork
  • How often you need to prepare accounts
  • What management accounts are

Module 9 : Dealing with Dreaded Taxes

  • What is VAT and who has to register for it?
  • Why register for VAT, if it is not necessary to do so? When should you avoid registering for VAT?
  • How to register for VAT
  • What is the difference between invoice and cash accounting, how to work out how much VAT to pay and what is the VAT flat rate scheme?

Module 10 : Employing Staff

  • Registering as an employer with HMRC
  • How to run a payroll
  • In-house payroll
  • What is PAYE?

Module 11: Taking Money Out of Your Business

  • Dividends
  • IR35
  • Directors loans
  • Salary

Module 12 : Reading your accounts Part I: Profit

  • Introduction to the profit and loss account
  • What is the difference between net profit and other forms of profit?
  • What important information can you get from a profit and loss account?
  • What information is not included in a profit and loss account?

Module 13: Reading your accounts Part II – Cash

  • Introduction to the balance sheet
  • Assets
  • Liabilities
  • Capital

Module 14: Reading your accounts Part III – Ratios

  • What are accounting ratios?
  • Introduction to financial ratios
  • How to calculate liquidity ratios, profitability ratios and efficiency ratios
  • What information can these ratios provide for your business?

Module 15: Using Basic Forecasting Methods to Plan for the Future

  • An introduction to forecasting
  • Types of forecasting problems
  • Different forecasting methods
  • Forecasting for small businesses

Module 16 : Do You Need an Accountant?

  • Facts about accountancy numbers in the UK
  • Which businesses should have an accountant
  • At what point in your company's life does it need an accountant?
  • How a good accountant can help your business

Module 17 : The Daily Life and Ethical Practice of an Accountant

  • Accounting facts
  • A day in the life of an accountant
  • Benefits of a career in accounting
  • The place of ethics in accounting

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet. 

Minimum specifications for the computer are:

Windows:

  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS

  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

About this Course

Learn The Basics Of Accounting

The Accounting Course offers students the necessary information required to manage your business better or begin a career in the financial industry in the United Kingdom.

This online training course provides students with instruction that will put you on the path to beginning a career as a successful accountant.

Accounting plays a critical role in maintaining and processing the important financial information that helps to operate a profitable business. This is a wide subject that focuses not only on accounting records, but on bookkeeping, taxes and on all aspects of finance. In order to prepare you in this regard, this course offers you a comprehensive overview of what you can expect from your career in accounting and finance.

Introduction to the Accounting Course

As this is an online training course students have the ability to study curriculum whenever and wherever it is convenient for them. Many enrolled students are still able to work full time and maintain an active lifestyle.

Our study material is easily accessed across any device with an internet connection with online support available while you train. After successful completion of this course and a multiple choice exam, you will be awarded your certificate. For a small cost, we can post the certificate for you, or you can download and print it from home.

By the end of this course, you will learn :

  • An introduction into the importance of accounting
  • A look at four ways to structure your business
  • How to deal with relevant government bodies, registering and filing
  • The benefits of a business bank account
  • How to set up a business bank account
  • Evaluating funding sources for your business
  • Dealing with money from customers
  • How to keep track of business costs and tax relief
  • The essentials of recordkeeping and bookkeeping
  • How to deal with taxes
  • Employing staff
  • Taking money out of your business
  • How to read the profits, cash and ratios in your accounts
  • Using forecasting methods to plan for the future
  • How to know if you need an accountant
  • Ethical practices of an accountant

Course Fast Facts:

  1. Learn the fundamentals of Basic Accounting
  2. Comprehensive 17 module Accredited Certificate In Basic Accounting Online Course 
  3. Study along with simple instructions & demonstrations
  4. Written and developed by leading accounting experts
  5. Receive one-on-one online help & support
  6. Unlimited, lifetime access to online course
  7. Certificate of completion awarded with passing score for the online assessment
  8. Study at your own pace with no rigid class timetables, 24/7 from any computer or smart device

Course Delivery

Courses are accessed online by any device including PC, tablet or Smart Phone. Upon purchase an automated welcome email will be sent to you (please check your junk email inbox if not received as this is an automated email), in order for you to access your online course, which is Available 24/7 on any computer or smart mobile device. 

Recognition & Accreditation

All students who complete this course, receive a certificate of completion with a passing score (for the online assessment) and will be issued a certificate via email.

Module 1 : Introduction to the Importance of Accounting

  • What is accounting and how does it help to operate a business profitably?
  • Various subfields of accounting
  • Characteristics of accounting information
  • Functions, advantages and objectives of accounting

Module 2 : Four Possible Ways in Which to Structure Your Business

  • Four possible ways in which a business can be structured.
  • Information about Sole Proprietorship, Partnership, Limited Liability and Unincorporated Association.
  • How every structure is affected by different tax payment procedures.
  • Advantages and disadvantages of a different business structure.

Module 3 : Dealing with Relevant Government Bodies and Registering and Filing

  • What is HMRC? Its responsibilities
  • How to register with HMRC
  • Setting up a sole trader business
  • Setting up a partnership business

Module 4 : Setting Up and the Benefits of a Business Bank Account

  • What are the benefits of a business bank account?
  • What is a business current account?
  • How is it beneficial to have a business current account?
  • Who can apply for a business current account?

Module 5 : Evaluating the Sources of Funding for Your Business

  • Bootstrapping
  • Family and friends
  • Bank loans
  • Business angel

Module 6 : Dealing with Money from Customers

  • Full information about VAT
  • Who needs to register for VAT
  • Invoicing
  • What should be included on an invoice

Module 7: Keeping Track of Business Costs and Tax Relief

  • The importance of keeping cost records
  • Separating costs
  • Two important tools to use to track costs
  • Which costs you can use to pay less tax

Module 8 : Essential Record Keeping and Bookkeeping

  • What records HMRC say you must keep
  • How and for how long to keep your business’s paperwork
  • How often you need to prepare accounts
  • What management accounts are

Module 9 : Dealing with Dreaded Taxes

  • What is VAT and who has to register for it?
  • Why register for VAT, if it is not necessary to do so? When should you avoid registering for VAT?
  • How to register for VAT
  • What is the difference between invoice and cash accounting, how to work out how much VAT to pay and what is the VAT flat rate scheme?

Module 10 : Employing Staff

  • Registering as an employer with HMRC
  • How to run a payroll
  • In-house payroll
  • What is PAYE?

Module 11: Taking Money Out of Your Business

  • Dividends
  • IR35
  • Directors loans
  • Salary

Module 12 : Reading your accounts Part I: Profit

  • Introduction to the profit and loss account
  • What is the difference between net profit and other forms of profit?
  • What important information can you get from a profit and loss account?
  • What information is not included in a profit and loss account?

Module 13: Reading your accounts Part II – Cash

  • Introduction to the balance sheet
  • Assets
  • Liabilities
  • Capital

Module 14: Reading your accounts Part III – Ratios

  • What are accounting ratios?
  • Introduction to financial ratios
  • How to calculate liquidity ratios, profitability ratios and efficiency ratios
  • What information can these ratios provide for your business?

Module 15: Using Basic Forecasting Methods to Plan for the Future

  • An introduction to forecasting
  • Types of forecasting problems
  • Different forecasting methods
  • Forecasting for small businesses

Module 16 : Do You Need an Accountant?

  • Facts about accountancy numbers in the UK
  • Which businesses should have an accountant
  • At what point in your company's life does it need an accountant?
  • How a good accountant can help your business

Module 17 : The Daily Life and Ethical Practice of an Accountant

  • Accounting facts
  • A day in the life of an accountant
  • Benefits of a career in accounting
  • The place of ethics in accounting

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet. 

Minimum specifications for the computer are:

Windows:

  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS

  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

We provide a 7 Day Money Back Refund on all Courses

Now Only US$199 Save US$70 (26%)
OFF RRP US$269
Delivery Method

Online - Certificate of Completion

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Course Summary

Course ID No.: 070NSA17
Delivery Mode: Online
Course Access: Unlimited lifetime access to course material
Time required: Study at your own pace
Assessments: Yes
Qualification: Certificate of Completion

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