5 Business Accounting courses in London

COMPANY ACCOUNTING - TAX RETURN, ANNUAL ACCOUNTS AND ANNUAL RETURN TRAINING COURSE If you want to work in a Finance or Tax department of a business or as an accountant in well-known accountancy firms it is vital that you know how to prepare accounts for the company and submit them to the right places. This UK Tax accounting course will upgrade your skills to higher level. Completing this course will enable you learn more about the procedures involved in submitting Corporate Tax Return. * Once you are skilled on this, you can offer this as a service to potential business clients and earn £££. * If you are running a business you can process your own Business Tax return and Accounts, instead of paying someone else to do it. It will save a lot of money (£££) every year. * You will stay ahead of the competition if you are looking for a job in the Accounting or Tax Industry once you are skilled Business Accounting and Tax procedures. * Identifying requirements to set up a UK Company * Identifying Statutory Requirements for Companies * Introduction to Confirmation Statement processing * Identifying Types of Companies based on size * Identifying Types and requirements of various Submissions available * Identifying minimum requirements in a Balance Sheet and Profit & Loss Account * Identifying Tax Return periods and deadlines * Identifying Penalties for Late filing * Identifying Closing Down Procedures for Companies * Introduction to the Filing Company accounts procedure * Company house forms and correspondences * Understanding of IXBRL requirements * Understanding submission procedures using HMRC Online CT600 (Webfiling) * Using one Business(SME/Micro Entity) case to understand the procedures on Annual Submission for Company Tax Return and Accounts submission

Budgeting is more than mere vague oversight. Budgeting should deliver the corporate strategy, add shareholder value and lead to a well-run business - for the benefit of all involved in it. Effective budgeting leads to real control - effective day-to-day operational control and more. This course demonstrates what proper budgeting and operational control can do. This course will help ensure that participants: * Appreciate the importance of the budgeting process * Take ownership of it * Use it as a daily working tool - not an annual exercise - to help run their part of the operation * Improve their reporting against budget * Ensure their delivery against budget 1 OBJECTIVES OF BUDGETS * The budget process * Stages - what is the prime aim of a budget? * What is forecasting? * Objectives * Planning * Implementation 2 BUDGET AND COST CONTROL FOCUS * Choosing objectives * Links with corporate strategy * Links with resource management * Can the accounting systems cope? 3 TRADITIONAL BUDGETING AND CONTROL * Benefits and drawbacks * The process * Control and feedback * Reporting - what can be expected? 4 ADVANCED BUDGETING AND CONTROL * Understanding the business process * Taking out costs * Cost awareness * ZBB - as valid as ever 5 REPORTS * Reports for action * The purpose of a report * Content - deliverables and feedback * Culture is so important

What do engineers and project managers need to know of finance? 'Nothing - leave it to the accountants!' No, no, no! Engineers must be conversant with the terminology and statements that accountants use. Technical expertise in projects, service delivery, production or other areas can only really be harnessed if the managers understand the accounting and reporting that drives businesses. This course gives the necessary understanding to project, production and technical managers. It develops their skills in understanding financial and management accounting. Accountants may not always like it but a major part of their work is to be the 'servants of business' and to gather, compile and present your figures. So you must understand the figures - they belong to you, your processes or projects. There are many reasons for maintaining accurate accounts. This course focuses on the strategic issues (those over-used words) - what figures reveal about the drivers of business and what they reveal about the day-to-day issues that accountants bother you with. The course will enhance your understanding of finance and of the accounting issues which affect your projects, production and technical areas of business. This course will help you: * Understand the business world in figures - make sense of what the accountants are telling you * Appreciate what drives business - and how this affects your role in your part of the business * Relate your activities to the success of the business - through figures * Gain the skills to advance in management - financial awareness is a 'must have' if you are to progress in your career 1 WHAT DO ACCOUNTANTS DO? * The finance function, types of accountant, financial v management accounting and the treasury function * Understanding the role of the finance function and how the information you provide may be used 2 THE BASIC FINANCIAL STATEMENTS * Balance sheets and income statements (P&L accounts) * What they are, what they contain and above all what they can reveal - how to read them * The accounting process - from transactions to financial statements * What underpins the statements - accounting systems and internal controls 3 WHY BE IN BUSINESS - FROM A FINANCIAL PERSPECTIVE * The driving forces behind financial information * Performance measures - profitability, asset utilisation, sales and throughput, managing capital expenditure 4 ACCOUNTING RULES - ACCOUNTING STANDARDS * Accounting concepts and the accounting rules: accruals, 'going concern' - substance over form and other 'desirable qualities' * Accruals - why the timing of a transaction is so important to the finance function * Depreciation and amortisation - the concepts and practice * Accounting standards - the role of International Financial Reporting Standards 5 CASH * The importance of cash flow - working capital management * Cash flow statements - monitoring overall cash flows * Raising cash - levels of borrowing, gearing * Spending cash - an outline of capital expenditure appraisal 6 BUDGETING * Why budget? - good and bad practice * Determining why budgets play a key role and should not be simply an annual ritual * Justifying your budgets - the link between the strategic plan and day-to-day budgeting - alignment of company culture * Budgets as motivators - the importance of the right culture * Techniques to improve budgeting - whether day-to-day or capital budgeting 7 COSTING * The type and detail of costing very much depends on your business - eg, manufacturing piston rings is quite different from the construction of a power plant * Issues with overhead allocation * Accounting for R&D 8 READING FINANCIAL STATEMENTS * Annual financial statements - why they are produced, what's in them and what you should look for * Learning what a set of accounts reveals about a company's current situation, profitability and future prospects 9 PERFORMANCE MEASUREMENT - ANALYTICAL REVIEWS AND RATIO ANALYSIS * ROI/ROCE * Profitability, margins and cost control * Sales - asset turnover * Efficiency (asset / stock turnover, debtor / creditor days) * 'City' measures * Investment (interest / dividend cover, earnings per share, dividend yield)

An insightful, enjoyable and experiential programme to help you analyse data and information and make a balanced decision based upon sound commercial reasoning. It will enable you to identify options, make decisions and take actions based on a thorough analysis combined with instinct and intuition to make a positive effect on profitability. This programme will help you: * Identify ways to analyse data and sort relevant from irrelevant information * Develop analytical and numerate thinking, and consider the financial implications of a decision * Make decisions based on sound commercial reasoning - a mix of intuition and analysis * Select from a range of tools to analyse a situation and apply these effectively * Understand how costs and profits are calculated * Use tried-and-tested techniques to manage and control your budgets * Appreciate the fundamentals of financial analysis * Focus on the bottom line * Identify the basics of capital investment appraisal for your business * Evaluate results and seek opportunities for improvement to your business 1 THE COMMERCIAL ENVIRONMENT * What do shareholders and investors want? * What do managers want? * Profit v non-profit organisations * Investor expectations 2 FINANCIAL AND NON-FINANCIAL INFORMATION * Risk and reward considerations * Drivers of commercial decisions 3 RUNNING A BUSINESS * A practical exercise to bring financial statements to life * Different stakeholder interests in a business * The impact and consequences of decisions on financial statements 4 WHERE DO I MAKE A DIFFERENCE TO THE ORGANISATION? * How can I contribute to an improved business performance? * Key performance indicators - measuring the right things * A 'balanced scorecard' approach - it's not all about money! 5 A 'BALANCED SCORECARD' APPROACH * Analysing and reviewing my contribution to the business direction * What is the current focus of my commercial decisions? * Developing the business in the right way - getting the balance right! * Where should/could it be in the future? * Do my decisions support the overall vision and strategy? 6 MAKING COMMERCIAL DECISIONS * Left-brain and right-brain thinking * Convergent and divergent thinking * Analysis and instinct * Interactive case study exercise - emotional and rational decisions * Reflection - what is my style of making decisions 7 LET'S CONSIDER THE CUSTOMER! * Identifying target markets * Differentiating propositions and products * Customer service considerations * Marketing considerations and initiatives * Pricing strategies and considerations 8 STRATEGIC ANALYSIS * The external environment * The internal environment * LEPEST analysis * SWOT analysis * Forecasting * Group activity - analysing markets and the competition * How do these improve your decisions? 9 COMPARING PERFORMANCE * Analysing key financial ratios * Ways to compare performance and results * Break-even analysis 10 PROFIT AND LOSS ACCOUNTS AND BUDGETING * Managing income and expenditure * The budgeting process * How does this link to the profit and loss account? * Managing and controlling a cost centre/budget * The role of the finance department * Different ways of budgeting * Incremental budgeting * Zero-based budgeting 11 UNDERSTANDING THE BALANCE SHEET * Purpose of balance sheets * Understanding and navigating the content * What does a balance sheet tell you? * How do you affect your balance sheet? * Links to the profit and loss account * A practical team exercise that brings financial statements to life 12 BUSINESS DECISIONS EXERCISE * How does this improve your decisions? * A practical exercise to apply new knowledge and bring commercial thinking to to life * The impact and consequences of decisions on financial statements 13 WORKING CAPITAL * Why is this important? * The importance of keeping cash flowing * Business decisions that affect cash * Calculating profit 14 CAPITAL INVESTMENT APPRAISAL * Capex v Opex * Payback * Return on investment * The future value of money * The concept of hurdle rate 15 LESSONS LEARNED AND ACTION PLANNING * So what? * Recap and consolidation of learning * The decisions that I need to consider * Actions to achieve my plan

No-one in business will succeed if they are not financially literate - and no business will succeed without financially-literate people. This is the ideal programme for managers and others who don't have a financial qualification or background but who nonetheless need a greater understanding of the financial management disciplines essential to your organisation. This course will give the participants a sound understanding of financial reports, measures and techniques to make them even more effective in their roles. It will enable participants to: * Overcome the barrier of the accountants' strange language * Deal confidently with financial colleagues * Improve their understanding of your organisation's finance function * Radically improve their planning and budgeting skills * Be much more aware of the impact of their decisions on the profitability of your organisation * Enhance their role in the organisation * Boost their confidence and career development 1 REVIEW OF THE PRINCIPAL FINANCIAL STATEMENTS * What each statement contains * Outline * Detail * Not just what the statements contain but what they mean * Balance sheets and P&L accounts (income statements) * Cash flow statements * Detailed terminology and interpretation * Types of fixed asset - tangible, etc. * Working capital, equity, gearing 2 THE 'RULES' - ACCOUNTING STANDARDS, CONCEPTS AND CONVENTIONS * Fundamental or 'bedrock' accounting concepts * Detailed accounting concepts and conventions * What depreciation means * The importance of stock, inventory and work in progress values * Accounting policies that most affect reporting and results * The importance of accounting standards and IFRS 3 WHERE THE FIGURES COME FROM * Accounting records * Assets / liabilities, Income / expenditure * General / nominal ledgers * Need for internal controls * 'Sarbox' and related issues 4 MANAGING THE BUDGET PROCESS * Have clear objectives, remit, responsibilities and time schedule * The business plan * Links with corporate strategy * The budget cycle * Links with company culture * Budgeting methods * 'New' budgeting * Zero-based budgets * Reviewing budgets * Responding to the figures * The need for appropriate accounting and reporting systems 5 WHAT ARE COSTS? HOW TO ACCOUNT FOR THEM * Cost definitions * Full / absorption costing * Overheads - overhead allocation or absorption * Activity based costing * Marginal costing / break-even - use in planning 6 WHO DOES WHAT? A REVIEW OF WHAT DIFFERENT TYPES OF ACCOUNTANT DO * Financial accounting * Management accounting * Treasury function * Activities and terms 7 HOW THE STATEMENTS CAN BE INTERPRETED * What published accounts contain * Analytical review (ratio analysis) * Return on capital employed, margins and profitability * Making assets work - asset turnover * Fixed assets, debtor, stock turnover * Responding to figures * EBIT, EBITEDIA, eps and other analysts' measure 8 OTHER KEY ISSUES * Creative accounting * Accounting for groups * Intangible assets - brand names * Company valuations * Fixed assets / leased assets / off-balance sheet finance