Practical Accounts Training A
5.0 (2 ratings)
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Practical Accounts Training A

Using Software, Manage & Record 80 Document Types, Interpret 15 Period Reports
5.0 (2 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
39 students enrolled
Last updated 2/2017
English
Price: Free
Includes:
  • 31.5 hours on-demand video
  • 67 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
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 is the target audience?
  • Those who completed or undertaking a Theory Accounts or Bookkeeping Course
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Curriculum For This Course
127 Lectures
31:21:48
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Introduction
2 Lectures 38:32

To look at the Course Objectives and get an in-depth look at the entire Course Coverage

1.1 Objectives and Detailed Course Outline
19:00

Get a Quick Overview of the facilities available in the Accounting App


1.2 Accounting App Overview
19:32
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2. Tax Return and Chart of Accounts
7 Lectures 01:56:05

Identifying the components of a Tax Return 

2.1 Tax Return Overview & App Extract
17:08

To establish the relationship between a Tax Return and Profit And Loss Account 

2.2 Tax Return and Profit & Loss Account
14:28

To establish the relationship between a Tax Return and Balance Sheet

2.3 Tax Return and Balance Sheet
10:44

To identify conditions surrounding Allowed and Disallowed Expenses 

2.4 Disallowed Expenses
15:39

To have a deeper look at the Chart of Accounts, and its relationship to the Tax Return 

2.5 Detailed Chart of Accounts
19:54

To have a continued look at the Detailed Chart of Accounts

2.6 Chart of Accounts Continued
19:49

To establish the relationship between a Tax Return and the Notes to Financial Statements 

2.7 Tax Return & Notes to Financial Statements
18:23
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3. Recording Basics
9 Lectures 02:30:37

Have a quick overview of the different Means of Payments  

3.1 Means of Payments
08:23

Clarify the different Vat Rates used 

3.2 Vat Classifications
14:58

Have a quick overview of the 3 Vat Reporting methods

3.3 Vat Reporting Options
19:33

Have a quick overview of documents recorded, plus their classifications 

3.4 What is Recorded, Which Documents
19:40

Have a quick overview of the filing system 

3.5 Filing
19:35

Have a Quick Review of the applied Double Entry System 

3.6 Double Entry
19:42

To get an overview of how completed documents and Tasks are marked 

3.7 Completion marks
11:22

To get a General Guideline about Data Entry on Recording Forms

3.8 General Recording
19:20

To get a Quick Overview of the Instruments used to Confirm the Correctness of what is Recorded. 

3.9 Verification Instruments
18:04
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4. START Facilities
9 Lectures 01:25:57

To identify the location of the many Guides available 

4.1 Starting Guides
13:44

To identify the facilities available in each of the Modules 

4.2 App Modules
15:11

To Illustrate the recording of the Business Name and Financial Year 

4.3 Business Name & Year
09:58

To Illustrate how to modify the default Vat Rates

4.4 Set Vat Rates
05:52

  • To Illustrate the setting of the Recording Date, and its relevance 
4.5 Set Recording Date
08:44

  • To Show how to access the Chart of Accounts Structure and its Use
4.6 COA Structure
09:24

  • To Show how to access and Use the Backup and Restore Features 
4.7 Backup and Restore
10:05

  • To Show how to access and Use the integrated Practice Documents 
4.8 Practice Documents
10:46

  • To Briefly explain what is in the Profile 
4.9 Profile
02:13
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5. Miscellaneous Facilities
12 Lectures 03:35:54

Get a detailed look on how to use the Recording  Entry Form 

5.0 Miscellaneous Overview and 2 Entry Form
17:50

  1. Identify, interpret and record a Cash Deposit and Withdraw documents, verify their Double Entry, and justify their presence on Periodic and Annual Reports 
5.1 Cash Deposit & Withdrawn
18:48

  1. Identify, interpret and record a Cheque & Electronic Deposit documents, verify their Double Entry, and justify their presence on Periodic and Annual Reports 
5.2 Cheque &Electronic Deposit
15:35

  1. Identify, interpret and record Opening Stock & Prepayments, verify their Double Entry, and justify their presence on Periodic and Annual Reports 
5.3 Opening Stock &Prepayments
20:01

  1. Identify, interpret and record Advance Income Reversal & Bank Charges Accrual, verify their Double Entry, and justify their presence on Periodic and Annual Reports 
5.4 Advance Income Reversal & Bank Charges Accrual
20:01

  1. Identify, interpret and record Lottery & Vat Penalty, verify their Double Entry, and justify their presence on Periodic and Annual Reports very
5.5 Lottery & Vat Penalty
19:47

  1. Identify, interpret and record Sales & Purchases Vat Transfer, verify their Double Entry, and justify their presence on Periodic and Annual Reports 
5.6 Sales & Purchases Vat Transfer
19:53

Gain some understanding on the components and necessity of a Dashboard 

5.7 Dashboard - Overview
10:41

  1. Identify, interpret and record Product Drawings, verify its Double Entry, and justify its presence on Periodic and Annual Reports 
5.8 Product Drawings
14:13

  1. Illustrate the Multi Entry Form and the recording of Wages with PAYE and NI deductions 
5.9 Multi Entry Form & Wages
19:44

Explain Opening Balances and illustrate their recording 

5.10 Opening Balances
19:28

Identify Reports affected by Opening Balances

5.11 Opening Balance Reports
19:53
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6. Receipts & Refund Recording
8 Lectures 02:01:10

To identify the different Income and Non Income Receipts

6.1 Income and Non-Income Receipts
12:40

To illustrate the identification, interpretation and recording of documents for an Income Received and Refund, then verify the Double Entry and justify presence on Period and Annual Reports 

6.2 Income Received & Refund
19:43

To illustrate the identification, interpretation and recording of documents for Money Capital Invested, then verify the Double Entry and justify presence on Period and Annual Reports 

6.3 Money Capital Invested
13:34

To illustrate the identification, interpretation and recording of documents for Bank Interest Received, then verify the Double Entry and justify presence on Period and Annual Reports 

6.4 Bank Interest Received
18:40

To illustrate the identification, interpretation and recording of documents for a Vat Refund, then verify the Double Entry and justify presence on Period and Annual Reports 

6.5 Vat Refund
15:42

To illustrate the identification, interpretation and recording of documents for a PAYE and NI Refund, then verify the Double Entry and justify presence on Period and Annual Reports 

6.6 PAYE & NI Refund
16:59

To illustrate the identification, interpretation and recording of documents for Trade Debtors Payment and Refund, then verify the Double Entry and identify affected Periodic and Annual Reports 


6.7 Trade Debtor Paid & Refund
18:33

To illustrate the identification, interpretation and recording of documents for Miscellaneous Receipts, then verify the Double Entry and justify presence on Period and Annual Reports 

6.8 Miscellaneous Receipts
05:19
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7. Expenses & Refunds Recording
5 Lectures 01:19:43
  • To identify the different Direct and Indirect Expenses 
7.1 Direct & Indirect Expenses
03:08

  • To illustrate the identification, interpretation and recording of documents for an Overheard Expense Paid and Refunded, then verify the Double Entry and justify presence on Period and Annual Reports 
7.2 Overheads Paid & Refund
19:35

  • To illustrate the identification, interpretation and recording of documents for a Cost of Sales Paid and Refunded, then verify the Double Entry and justify presence on Period and Annual Reports 
7.3 Cost of Sales Paid & Refund
18:34

  • To illustrate the identification, interpretation and recording of documents for an Overheard Expense Invoice and Credit Note, then verify the Double Entry and justify presence on Period and Annual Reports 
7.4 Overhead Invoice/ Debit Note & Credit Note
18:52

  • To illustrate the identification, interpretation and recording of documents for a Cost of Sales Invoice and Credit Note, then verify the Double Entry and justify presence on Period and Annual Reports 
7.5 COS Invoice/ Debit Note & Credit Note
19:34
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8. Fixed Asset Facilities
7 Lectures 01:20:58
  • To Identify the different classifications of Fixed Assets 
8.1 Fixed Asset Classifications
03:01

  • To illustrate the identification, interpretation and recording of documents for a Fixed Asset Paid and Refunded, then verify the Double Entry and justify presence on Period and Annual Reports 
8.2 Fixed Asset Paid & Refund
13:10

  • To illustrate the identification, interpretation and recording of a Fixed Asset Invoice and Credit Note, then verify the Double Entry and justify presence on Period and Annual Reports 
8.3 FA Invoice/ Debit Note & Credit Note
17:12

  • To illustrate the identification, interpretation and recording of documents for Fixed Asset Capital Invested, then verify the Double Entry and justify presence on Period and Annual Reports 
8.4 FA Capital Invested
08:04

  • To illustrate the identification, interpretation and recording of documents for a Fixed Asset Disposal Paid For, the respective Transfers, then verify the Double Entry and justify presence on Period and Annual Reports 
8.5 FA Disposal Paid For
11:37

  • To illustrate the identification, interpretation and recording of a Fixed Asset Disposal Invoice, the respective Transfers, then verify the Double Entry and justify presence on Period and Annual Reports 
8.6 FA Disposal Invoice
09:26

  • To illustrate the identification, interpretation and recording of a  Hire Purchase Invoice and Credit Note, then verify the Double Entry and justify presence on Period and Annual Reports 
8.7 FA Disposal Transfer
18:28
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9. Payments Recording
11 Lectures 02:25:35
  • Identify the different classifications of Payments and give some detailed attention To Other Payments. 
9.1 Payment Classifications
02:28

  • To illustrate the identification, interpretation and recording of documents for Net Wages Paid, then verify the Double Entry and justify presence on Period and Annual Reports 
9.2 Net Wages Paid
19:19

  • To illustrate the identification, interpretation and recording of documents for Bank Charges Paid, then verify the Double Entry and justify presence on Period and Annual Reports 
9.3 Bank Charges Paid
10:43

  • To illustrate the identification, interpretation and recording of documents for Drawings Paid, then verify the Double Entry and justify presence on Period and Annual Reports 
9.4 Drawings Paid
11:41

  • To illustrate the identification, interpretation and recording of documents for Vat Paid, then verify the Double Entry and justify presence on Period and Annual Reports 
9.5 Vat Paid
19:02

  • To illustrate the identification, interpretation and recording of documents for PAYE and NI Paid, then verify the Double Entry and justify presence on Period and Annual Reports 
9.6 PAYE & NI Paid
17:58

  • To illustrate the identification, interpretation and recording of documents for a Trade Creditor Paid and Refunded, then verify the Double Entry and justify presence on Period and Annual Reports 
9.7 Trade Creditor Paid & Refund
19:36

  • To illustrate the identification, interpretation and recording of documents for Lottery Cancellations and Prizes, then verify the Double Entry and justify presence on Period and Annual Reports 
9.8 Lottery Cancellations & Prizes
10:51

  • To illustrate the identification, interpretation and recording of documents for Agency Submissions, then verify the Double Entry and justify presence on Period and Annual Reports 
9.9 Agency Submissions/ Payments
11:44

  • To illustrate the identification, interpretation and recording of documents for Paid Wages without Deductions, then verify the Double Entry and justify presence on Period and Annual Reports 
9.10 Paid Wages, No Deductions
15:30

  • To illustrate the identification, interpretation and recording of documents for Miscellaneous Payments, then verify the Double Entry and justify presence on Period and Annual Reports 
9.11 Miscellaneous Payments
06:43
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10. Loans, Hire Purchase & Credit Card
7 Lectures 01:41:09
  • To illustrate the identification, interpretation and recording of documents for Loans, Loans Fees and Charges, then verify the Double Entry and justify presence on Period and Annual Reports 
10.1 Loan Acquired, Fees & Charges
19:41

  • To illustrate the identification, interpretation and recording of documents for Loans Interest Accrued, then verify the Double Entry and justify presence on Period and Annual Reports 
10.2 Loan Interest Accrued
14:35

  • To illustrate the identification, interpretation and recording of documents for Loan and Interest Repaid, then verify the Double Entry and justify presence on Period and Annual Reports 
10.3 Loan and Interest Repaid
14:55

  • To illustrate the identification, interpretation and recording of documents for Credit Card Borrowing, then verify the Double Entry and justify presence on Period and Annual Reports 
10.4 Credit Card Borrowing
14:53

  • To illustrate the identification, interpretation and recording of documents for Credit Card Fees and Charges, then verify the Double Entry and justify presence on Period and Annual Reports 
10.5 Credit Card Fees & Charges
12:09

  • To illustrate the identification, interpretation and recording of documents for Credit Card Interest, then verify the Double Entry and justify presence on Period and Annual Reports 
10.6 Credit Card Interest Accrued
10:05

  • To illustrate the identification, interpretation and recording of documents for Credit Card Repaid, then verify the Double Entry and justify presence on Period and Annual Reports 
10.7 Credit Card Repaid
14:51
5 More Sections
About the Instructor
FCCA Moses Carson Bakaluba
4.5 Average rating
20 Reviews
3,054 Students
5 Courses
Author

Fellow of the ACCA, DBA, BA/ Educ,

A Practicing Accountant with many years Experience

I designed this course

27 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.