Small Business Finance
Venue detail for course:
This Small Business Accounting & Bookkeeping course provides small business owners, bookkeepers and management with the information they need to create an effective and reliable accounting and bookkeeping system in their business
Context of Course
This Small Business Accounting & Bookkeeping course will be of great interest to business owners and business professionals who would like to better understand the transactions and controls used in business, and to any learner who is interested in accounting as a future career.
Who's it for?
This programme is about to begin of their business journey, or for established businesses wishing to take better control of their business finances
What will I learn?
Learning Objectives:
- Introduction to book-keeping; what records should be kept, how long records should be kept, creating a simple recording system using spreadsheets, the treatment of large assets, allowable and disallowable expenses, keeping stock records, the cashbook, petty cashbook and bank records
- Preparing small business accounts; stock taking and its relevance to accounts, calculating profits – the Income Statement, writing down allowances for large assets, costs of leases and goodwill, calculating profit and the Balance sheet
- Business documentation; introduction to Terms and Conditions, the importance of T&C’s, introduction to key business documents such as Invoices, Orders, letters
- Stock Control; methods of stock control and valuation, LIFO, FIFO and Average Cost. Ensuring Stock Rotation, importance of Stock Valuation for calculating profit
- Credit control for new enterprise; introduction to basic credit control, the importance of Terms and Conditions, the outstanding Debtors ledger, dealing with late payers, communicating with late payers
What will I be able to do on completion?
On completion the Learner will be able to:
1. Identify their business’ book-keeping and record keeping needs
2. Design a basic book-keeping system for their own business
3. Identify the style and presentation of small business accounts
4. Explain the importance of stock taking and its relevance to accounts
5. Explain writing down allowances for large assets
6. Identify a range of key Business documentation for their own business
7. Explain different Stock Control methods
8. Explain how to manage Credit control for new enterprise
How will I be assessed?
There is no formal assessment, the Learner will receive a Certificate of Attendance on completing the course.
Course Type: Business
Background to course provider:
Recoup Training Solutions Centre Of Excellence
Pricing: Free in Enterprise Programme
Discounts available when booked 4 weeks or more in advance.