Final Accounts Training Course

Final Accounts training combines all the courses at Future Connect and provides a full-on experience of a complete accounting cycle. You will be starting with accounting and VAT. After getting bookkeeping skills in several industries, the trainees move on to an intermediate level of accounts and study to close the books for the year.

  • 1-6 Months
  • 55 Sessions
  • Advanced
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Training HoursSoftware OptionsBlended LearningPerfomance ReviewCVWork PlacementJob Support

Course Overview

The Final accounts training courses are done on Sage accounts production advanced software. The course is appropriate for trainees how are presently working in the accounting sector and wants to improve the skills to go to the next level. At this stage, the new trial balances are computed, and trainees are given a chance to join the academic classes focusing on Control Accounts, CIS, FRSSE and Advanced Excel.

Who is it for

The course is suited for Accounting professionals who want to enhance their career options.

Career changers seeking a job role in accounting sector

Learners parsuing accounting qualification

Candidates with overseas experience

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Course Benefits

  • Flexible one to one training meetings built around your availability, timing and sessions
  • Recruitment agency helping you with job hunting after successful training
  • Certification of Accounting firm
  • Specialised one to one training sessions for CV and Job hunting tips
  • Installation of software in your PCs for practice from home
  • Covering experience requisite for all major bookkeeping bodies

Softwares Included

Sage Practical Training
QuickBooks Training
Xero Training
Advance Excel Training

Course Contents

Final Accounts

Final accounts are the last level of the economic system of an organisation. It both depicts the financial position of the company and productivity to the company, other interested parties. All the commercial transactions are first recorded in journals then sent in the ledger, and then they are balanced and final accounts.

Components of Final Accounts
  • Trading accounts
  • Balance sheet
  • Profit and loss accounts/ Income statement

This is the first account of the final reports. At this step, total profit and loss are calculated. On the debit side, i.e. left-hand side stock, purchases and all the expenses are shown.

Gross Profit:

If the debit side is more significant than the credit side, the extra amount is called gross profit. It is moved to the credit side of profit & loss accounts.

Gross Loss:

Is the credit side is more extensive than the debit side; the additional credit amount is called a total loss. It is moved to the debit side of profit & loss account.

Profit and Loss Accounts/Income Statement

It’s the second step of final accounts. At this step, net profit & net loss is calculated by the business. It takes net profit & net loss from the trading accounts; such as salary and wages, transfer all the indirect expense accounts, advertising expense and utility expense etc. It mostly separated our earning and costs so that we can further proceed with the final reports with the smallest possible errors.

Balance Sheet

A balance sheet is the ultimate step of final accounts; construct to find out the economic position of the business at a specific period fiscal or annual. Balance sheets contain three building blocks of basic bookkeeping, i.e. assets, liability & owner’s equity/owner’s capital.

Training Courses For Final Accounts At FC Training

Training coursed for final reports is planned for those who want a positive career in the accountancy industry. With this training course, you will be capable of running final reports skillfully.

SAGE offers you one of the best platforms to learn to account like a pro. FC training will guide you and support you learn all the necessary things about final accounts. These courses & training can also be availed by people already in the business. Moreover, FC training provides you with the ability to select a short course on a final account so that your focus can be on one point only.

Skills You Will Gain

  • Accounts opening Balance Adjustments
  • Trial Balance Analysis & Corrections
  • Month & Year End Adjustments
  • Aged Debtor & Creditor Analysis
  • Depriciation, Wages Journals
  • Control Accounts
  • Clearning Suspenese Account
  • Adjusted Trial Balance
  • Management Accounts
  • Production of Year End Accounts
  • Accounts Opening Balance Adjustments
  • Trial Balance Analysis & Corrections
  • Month & Year End Adjustments
  • Aged Debtor & Creditor Analysis
  • Depriciation, Wages Journals
  • Control Accounts
  • Clearning Suspenese Account
  • Adjusted Trial Balance
  • Management Accounts
  • Production of Year End Accounts
  • Management Accounting Profit & Loss
  • Management Accounting Balance Sheet
  • Costing Schedules
  • Cash Flow Projections
  • Management Accounting Report Pack
  • KPI Summary Reports
  • Employee Records
  • Payments and Deduction
  • Basic Pension Schemes
  • Pay Elements & Company Reports
  • Statutory Payments
  • Generating Payslips
  • FPS, EPS , RTI Submissions
  • Setting up Starters & Leavers
  • P32 and HMRC Submissions
  • Sales Day Book
  • Purchase Day Book
  • Credit Notes
  • Debtor / Creditor Reconciliation
  • Petty Cash Reconciliation
  • Bank Reconciliation
  • VAT Calculation
  • VAT Adjustment
  • VAT Submission

Industries Covered

  • Construction
  • Wholesale
  • Retail
  • Information Technology
  • Solicitor
  • Medical Surgeries
  • Dental Clinics
  • Online Business
  • Architect & More

Work Placement Structure

After completing your training, you will be given an opportunity of guaranteed work placement at our offices or our outside client’s office.

Jobs You Can Apply For

  • Bookkeeper
  • Financial Controller
  • Junior Accountant
  • Asst. Management Accountant
  • Sr Bookkeeper
  • Credit Controller
  • Accounts Assistant
  • Accountant
  • Finance Manager
  • Accounting Clerk
  • Budget Analyst
  • Payroll Administrator
  • Payroll Clerk
  • Assistant Controller
  • Accounts Manager
  • Management Assistant

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