Course Benefits
Softwares Included
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. 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.
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.
| Training Hours | Software Options | Blended Learning | Perfomance Review | CV | Work Placement | Job Support |
|---|---|---|---|---|---|---|
| 220 | 5 |
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.
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.
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.
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.
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.
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 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.
After completing your training, you will be given an opportunity of guaranteed work placement at our offices or our outside client’s office.