Our kickstart courses are designed for people with no, or limited, knowledge of accounting, tax and finance. We think that everyone should have a basic understanding of what makes a business tick!
Our bespoke courses are modular – pick’n’mix. You tell us how long you have and choose which modules you want to cover. Your course can therefore comprise of Finance Kickstart, Accounting Kickstart, Tax Kickstart or a mixture of all three! In all cases, your learning will be supported by case studies and practical application.
Staff are often constrained by budgets but don’t properly understand them. In this module we cover the purpose of budgeting, what drives a budget, how costs work, the importance of assumptions and how to critique a budget.
‘Cash is king’ goes the phrase. We can’t disagree; no business can survive without good cash management. In this module we think about where cash comes from, what it’s spent on, what is ‘good’ cash inflow and outflow and what is not so good.
How can I fund my business? How should I fund my business? These are the two key questions covered in this module. We discuss the benefits and drawbacks of debt funding and the alternatives.
Should a line of credit be extended to a customer? In this module we think about the factors that should be considered in reaching an answer to this question. In particular we consider the importance of good working capital management and other commitments on a business’ ongoing ability to service and repay debt.
In order to understand the financial position and performance of a business, it’s crucial to understand the business itself. In this module we explore techniques to identify what is good about a business and where the risks lie.
Looking at a set of financial statements can be like trying to read a book written in a foreign language. In this module we ensure that delegates understand the format of the financial statements, can perform trend analysis and can calculate and understand some basic ratios in order to assess the strengths and weaknesses of a business.
In this module delegates have to think like business owners and develop their business nous. Amongst other things we consider what makes a business tick, what makes a business successful, and what could go wrong.
This module sets out to demystify the alien language of accounting. In it we explain the layout of financial statements and the terms within them. We go on to explain the accounting process from a transaction taking place to the financial statements being published. Delegates will also have an opportunity to put the theory into practice.
Fixed assets are the biggest number in many company balance sheets, but what are they? In this module we identify different types of fixed assets and explain how they are accounted for at each stage of their life – buying them, using them and selling them. As in all other modules, delegates will complete practical exercises to cement their understanding.
What is a liability? What types of liability are seen in financial statements? Why is it important not to leave any out of the balance sheet? These are just some of the questions that we explore in this module.
In this module we consider cash with an accounting hat on – why is the cash flow statement so important? How is it prepared? What is cash from operating activities, investing activities and financing activities? Delegates will prepare part of a cash flow statement and we also touch on interpretation and analysis.
Good management of debtors is crucial for a healthy cash flow. In this module we explain what debtors are, how they are accounted for and what can happen to a company if amounts due to it are not recovered in a timely fashion.
In this module we think about different types of stock and how they appear in the financial statements. We answer questions including: what is the cost of stock that has been manufactured in house; at what amount is stock measured in the balance sheet; and when is stock recognised as an expense? We also consider liquidity and the importance of good stock management on the cash balance.
What’s the difference between accounting profit and taxable profit? Why are some expenses disallowable for tax? At what rate are company profits taxed? What if my company makes a loss? These are just some of the areas that we explore in this introduction to corporation tax module.
VAT affects all of us, yet many people don’t understand what it really is or how it works. In this module we introduce the basics of this complex tax, explaining how tax on sales is calculated and what tax on purchases can be recovered.
How many assets can be given tax free on death? Can people give away all of their assets on their deathbed to avoid inheritance tax? What rate is inheritance tax charged at? In this module we explore this fascinating tax.
We all know that income tax is a fact of life, but how many of us understand the mechanics of it and how progressive tax rates work? In this module we discuss how earned income, savings income and dividend income is taxed and what allowances are available.
A good understanding of income tax and national insurance contributions deducted at source is key for any employer. At what level of salary do these kick in? At what rates are they charged? How often are they paid? These are just some of the questions that we consider.
These courses are designed to ensure that qualified accountants are up to date with the issues affecting them and can meet the CPD requirements of the organisation to which they belong.
Courses can be bespoke to your requirements and we also have a number of ‘off the shelf’ course packages covering current issues.
Our current IFRS Update course, for example, looks at the most recent developments in financial reporting such as The Board’s Disclosure Initiative and the definition of a business, as well as homing in on recently issued standards such as IFRS 15 Revenue from Contracts with Customers, IFRS 16 Lease Accounting and IFRS 9 Financial Instruments.
On our recent UK GAAP courses we have been looking into areas of particular concern for our clients such as the treatment of software costs, the triennial review and disclosure issues.
Our recent audit update sessions have looked at amendments to standards as well as considering the broader issues facing the profession such as the impact of data analytics and blockchain.
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