This training is designed to let participants get the necessary practical accounting experience needed to secure a job as a Management/Financial Accountant. After this training you will be able to handle all aspects of company accounts including Financial and Management accounts. You will be given the books of a six million turnover company to work on. You will produce the accounts from the scratch to the final accounts. This will include all aspects of the company accounts. The qualified accountant trainer will be on hand to help you through this experience.
The training includes:
Monthly Accruals and Prepayments schedules and posting them at month end on Sage
Preparation of Balance Sheet reconciliations
Accrued income, deferred income, lease schedule, loan notes schedules and journaling them into the GL system
Model approach to preparing management accounts
Extended trial balance approach to management accounts
Developing KPIs and practically measuring them in the dashboard
Preparation and evaluation of monthly/Quarterly management accounts (P&L, B/S, Cash flow statement)
How to prepare Budgets (P&L, B/S, Cash flow statement)
Forecasting
Preparation of Cash flow forecasts
Cash flow statement) and explaining variances (Month Actuals vs. Budget, Year to date actuals vs. year to date budget)
Preparing month end and year-end audit schedules
Tax accounting (Current and deferred)
How to write excellent management accounting commentaries using the right accounting and finance terminology.
Dealing with Auditors
Intercompany transactions and reconciliation
Maintenance of Fixed Asset register and monthly calculation of depreciation, additions, disposals
