Accounting for the Small Business

City University London
Course summary
10 weeks
460 GBP
Part time
Next available date: 28/04/2020 - London
Open / Scheduled
Accounting for the Small Business

Course description

Accounting for the Small Business

You will learn the basics of financial management for the small business and look at the essential elements of finance including cash flow forecasts, cost analysis, recording transactions, preparing accounts, VAT returns and taxation.

By the end of the course, you should be able to understand the basics of:

  • How to prepare and maintain a set of business accounts that comply with accounting standards and HMRC requirements;
  • Budgeting to enable better business cash flow management;
  • Costing and ratio analysis to enable you to review business performance and efficiency;
  • Completing VAT returns;
  • Tax planning. Gain an overview of HMRC requirements with a view to minimising your tax burden.

Suitability - Who should attend?

Prerequisite knowledge

An interest in small business management.

Applicants must be competent in basic arithmetic.

English requirements

Applicants must be proficient in spoken and written English.

Training Course Content

Topics covered:

  • Introduction to Accounts
  • Cash Flow Forecasting
  • Costing and Break-Even Analysis
  • Recording Cash Transactions
  • Recording Credit Transactions
  • Bank Reconciliation
  • Income Statements and Balance Sheets
  • Adjustments and Losses
  • Ratio Analysis
  • Computerised Accounts overview
  • VAT
  • Tax (including Allowable Expenses and Capital Allowances)
  • Tax (including Company Structures and reporting to HMRC)

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About provider

City University London

City University London

City, University of London is a special place. With skill and dedication, we have been using education, research and enterprise to transform the lives of our students, our community and the world for a hundred years. We are proud of...

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Contact info

City University London

Northampton Square
EC1V 0HB London

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