Practical Accounts Training A

Using Software, Manage & Record 80 Document Types, Interpret 15 Period Reports
Rating: 4.1 out of 5 (1,009 ratings)
19,488 students
Practical Accounts Training A
Rating: 4.1 out of 5 (1,009 ratings)
19,488 students
1. Identify and Interpret business documents
2. Record 80 types of Transactions, including Year End Adjustments
3. Identify and Interpret 95 Periodic & Year End Reports
4. Verify & Reconcile 95 Periodic & Year End Reports
5. Present and Explain 95 Periodic & Year End Reports
6. Develop a deeper Appreciation and Understanding of Accounting

Requirements

  • Financial Accounts and Bookkeeping Theory
Description

This course is structured on the robust Practice Procedures used in Accounting Firms.

It empowers the newly qualified with skills, and a competitive advantage when job hunting.

It provides a good understanding of how softwares work.

Its just the Recording of 80 Document Types & 15 Period Reports are Automated.

It cuts the training time into a fraction. We all need to save time.

Its Not only Mobile & Computerised Accounting, but Practical & Technical Knowledge is Acquired

The course comprises of:

  1. A Practical Accounts Training SW on Google Play & App Store, Bought Separately
  2. Recorded Videos
  3. On Screen Guides
  4. Live Online Lectures
  5. Practice Documents
  6. A 34 Periodic Tasks Checklist
  7. A Year End Reports Checklist
  8. 90 Periodic and Year End Reports

The Lectures and Recorded Videos cover the following:

  1. Objectives and App Overview
  2. Tax Return and COA
  3. Recording Basics
  4. Start Features and Settings
  5. Miscellaneous Facilities
  6. Receipts & Refund Recording
  7. Purchases & Refund Recording
  8. Fixed Assets Recording
  9. Payments Recording
  10. Loans & Credit Card Recording
  11. Creditors Facilities
  12. Debtors Facilities
  13. Opening & Pre-Vat Recording
  14. Post Vat & Reconciliation
  15. Period Reports including a Vat Return

On Completion, Trainees are able to:

  1. Identify and Interpret 80 types business documents
  2. Record 80 types of Transactions
  3. Identify and Interpret 15 Periodic Reports
  4. Verify & Reconcile 15 Periodic Reports
  5. Present and Explain 15 Periodic Reports
  6. Develop a deeper Appreciation and Understanding of Accounting 


Who this course is for:
  • Those who completed or undertaking a Theory Accounts or Bookkeeping Course
Course content
15 sections • 127 lectures • 31h 21m total length
  • 1.1 Objectives and Detailed Course Outline
    19:00
  • 1.2 Accounting App Overview
    19:32
  • 2.1 Tax Return Overview & App Extract
    17:08
  • 2.2 Tax Return and Profit & Loss Account
    14:28
  • 2.3 Tax Return and Balance Sheet
    10:44
  • 2.4 Disallowed Expenses
    15:39
  • 2.5 Detailed Chart of Accounts
    19:54
  • 2.6 Chart of Accounts Continued
    19:49
  • 2.7 Tax Return & Notes to Financial Statements
    18:23
  • 3.1 Means of Payments
    08:23
  • 3.2 Vat Classifications
    14:58
  • 3.3 Vat Reporting Options
    19:33
  • 3.4 What is Recorded, Which Documents
    19:40
  • 3.5 Filing
    19:35
  • 3.6 Double Entry
    19:42
  • 3.7 Completion marks
    11:22
  • 3.8 General Recording
    19:20
  • 3.9 Verification Instruments
    18:04
  • 4.1 Starting Guides
    13:44
  • 4.2 App Modules
    15:11
  • 4.3 Business Name & Year
    09:58
  • 4.4 Set Vat Rates
    05:52
  • 4.5 Set Recording Date
    08:44
  • 4.6 COA Structure
    09:24
  • 4.7 Backup and Restore
    10:05
  • 4.8 Practice Documents
    10:46
  • 4.9 Profile
    02:13
  • 5.0 Miscellaneous Overview and 2 Entry Form
    17:50
  • 5.1 Cash Deposit & Withdrawn
    18:48
  • 5.2 Cheque &Electronic Deposit
    15:35
  • 5.3 Opening Stock &Prepayments
    20:01
  • 5.4 Advance Income Reversal & Bank Charges Accrual
    20:01
  • 5.5 Lottery & Vat Penalty
    19:47
  • 5.6 Sales & Purchases Vat Transfer
    19:53
  • 5.7 Dashboard - Overview
    10:41
  • 5.8 Product Drawings
    14:13
  • 5.9 Multi Entry Form & Wages
    19:44
  • 5.10 Opening Balances
    19:28
  • 5.11 Opening Balance Reports
    19:53
  • 6.1 Income and Non-Income Receipts
    12:40
  • 6.2 Income Received & Refund
    19:43
  • 6.3 Money Capital Invested
    13:34
  • 6.4 Bank Interest Received
    18:40
  • 6.5 Vat Refund
    15:42
  • 6.6 PAYE & NI Refund
    16:59
  • 6.7 Trade Debtor Paid & Refund
    18:33
  • 6.8 Miscellaneous Receipts
    05:19
  • 7.1 Direct & Indirect Expenses
    03:08
  • 7.2 Overheads Paid & Refund
    19:35
  • 7.3 Cost of Sales Paid & Refund
    18:34
  • 7.4 Overhead Invoice/ Debit Note & Credit Note
    18:52
  • 7.5 COS Invoice/ Debit Note & Credit Note
    19:34
  • 8.1 Fixed Asset Classifications
    03:01
  • 8.2 Fixed Asset Paid & Refund
    13:10
  • 8.3 FA Invoice/ Debit Note & Credit Note
    17:12
  • 8.4 FA Capital Invested
    08:04
  • 8.5 FA Disposal Paid For
    11:37
  • 8.6 FA Disposal Invoice
    09:26
  • 8.7 FA Disposal Transfer
    18:28
  • 9.1 Payment Classifications
    02:28
  • 9.2 Net Wages Paid
    19:19
  • 9.3 Bank Charges Paid
    10:43
  • 9.4 Drawings Paid
    11:41
  • 9.5 Vat Paid
    19:02
  • 9.6 PAYE & NI Paid
    17:58
  • 9.7 Trade Creditor Paid & Refund
    19:36
  • 9.8 Lottery Cancellations & Prizes
    10:51
  • 9.9 Agency Submissions/ Payments
    11:44
  • 9.10 Paid Wages, No Deductions
    15:30
  • 9.11 Miscellaneous Payments
    06:43
  • 10.1 Loan Acquired, Fees & Charges
    19:41
  • 10.2 Loan Interest Accrued
    14:35
  • 10.3 Loan and Interest Repaid
    14:55
  • 10.4 Credit Card Borrowing
    14:53
  • 10.5 Credit Card Fees & Charges
    12:09
  • 10.6 Credit Card Interest Accrued
    10:05
  • 10.7 Credit Card Repaid
    14:51

Instructor
Moses Carson Bakaluba
  • 4.0 Instructor Rating
  • 1,039 Reviews
  • 22,723 Students
  • 5 Courses

Fellow of the ACCA, DBA, BA/ Educ,

A Practicing Accountant with many years Experience

I designed this course

30 Years Experience Teaching and Training Practical Accounting

Taught at High schools, City College Coventry, and Halifax University Birmingham

Published Author with several Accounts titles

Administrator at the Academy of Practical Accounts (APA), UK.

APA provides Practical Accounts Training to addresses the shortage of Training Facilities in the work environment, plus facilitating the Self Employed with Skills.

The newly qualified in Accounting are not able to deliver at work. The idea of learning at work is only accessible to a few. Many finalists are not offered jobs since employers require practical experience.

APA aims to narrow the gap between what is taught on many courses, and the skills required at work. There is a  mismatch between graduates and the crucial skills desired by employers. Its difficult to justify the size of the gap in the 21st Century.

Modern procedures have been modified to save time, overcome weaknesses, adjust to tax report layouts, and are software Oriented.

Most courses deliver Accounting knowledge without the technical or practical skills required in the modern workplace. Many only scratch the Bookkeeping Function, which is the backbone of the Accounting Function. The Accounts File Preparation should be straight forward if the Bookkeeping is done properly from start. However, since Bookkeeping is often left in a mess, Final Accounts Preparation starts by Reviewing Bookkeeping, which is often complicated and stressful.

That is why we have opted for automating the Process, Saving time, and filling in the skills shortage. The task to perfect is the entry of Transactions in the software. And what is left is accessing, presenting,  and explaining the Reports.