Final Statutory Accounts Preparation & Training in UK

Overview

Accounts Preparation is a statutory obligation on all Corporations and is part of the Year-End Processes, the sole purpose of which is to ensure that the Financial Statements (Profit & Loss, Balance Sheet and possibly others) are Reported to the Financial Authorities namely (Companies House & HMRC) as per the relevant Financial Standards such as (Financial Reporting Standards FRS102, FRS105 IFRS). Companies House and HMRC allows the use of commercial software to be used for this purpose.

There are various industry software used for this purpose, Taxfiler by (IRIS), SAGE Accounts Production Advanced, VT Accounts Production, DIGITA by (Reuters Thompson) etc. are a few of such software’s.

At Centre of Accountancy Careers & Training, the training programs is run by industry experts who are Fully Qualified Chartered Accountants and have years of experience in the Practise as well as industry. The focus of the training program is to develop the technical and practical skills required to inculcate the Financial Standards such IFRS, FRS 102, FRS 105 etc. and relevant industry regulations in the Accounts Production Process.

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WHO IS IT FOR

This training program is aimed at Accountants, Aspiring Accountants and students who are studying towards (ACCA Finalists), ACA, CIMA, AAT Level 4 and FIA etc. Self Employed Accounting Practitioners looking to have a small portfolio of Accounting clients

CONTENT

Initial Trail Balance and completing the Final Control Accounts.
Posting client and Initial Trail Balance.
Navigating your way around Multiple Finalisation Software.
Creating a client and amending the client database
Posting of client’s data, including current year and comparative data
Working paper reports including lead schedules, trial balance, general ledger and audit trail
Working efficiently with documents and posting of data, including “Copy Document”
Entering “Disclosure data”; As per FRS 102,105, IFRS and other relevant standards
Working with Reporting Options
Report Pad formatting – producing enhanced notes and reports
Producing draft and final financial statements
Completing and understanding the compliance as per company’s house
Year-end process
Making Abbreviated accounts of the company
Finalizing the accounts and making the final file of the company for partner review
Learning how to do filing and making indexes of the company final accounts file