Course I (Practical Accounts Preparation)

This 10 day course will show students how to prepare a working paper file, ready for review by their manager. An example client is used throughout the course, and the students prepare the various sections of the file from the client’s information. The complete file is reviewed during the second week by a manager from the firm and feedback obtained.

Topics covered during the week will be:

• Recap of double entry and trial balances
• Analysis of information for day books
• Bank reconciliations
• Sales and purchase ledger, together with the control accounts
• Journals, including prepayments, accruals and stock
• Extending the trial balance
• Drafting accounts
• Stocktaking procedures
• Excel skills
• Introduction to computerised accounts
• Introduction to Corporation tax
• Introduction to analytical review
• Introduction to Money Laundering
• Introduction to VAT
• Introduction to PAYE and wages