ICT Level 2 Award in Accounting Skills to Run Your Business

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Accounting Skills to Run Your Business - accounting course for aspiring business owners ICA Level 2 Award in Accounting Skills to Run Your Business is designed to provide current and aspiring business owners with the core accounting and finance skills needed to successfully run their business. This classroom course delivered by qualified helps you attain this industry-recognised qualification with flexible, high quality training that will enable you to:

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Build a solid foundation of business & finance knowledge
Build a profitable, sustainable business
Effectively discuss financial information with accountants & other professionals
Understand your tax position to avoid problems & fines

The tools and insights gained will enable you to more confidently evaluate your business' performance using key financial information, which will in turn enhance the chances of your business surviving the first two years.

Outcome / Qualification etc.
Students who successfully complete the course and assessments will be awarded the ICA Level 2 Award in Accounting Skills to Run Your Business.

Training Course Content
The course content is as follows:

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Budgeting for the small business

Understanding why there is a need to budget
Understanding operational budgets

Managing cash flow, keeping your business healthy
Understanding cash and the cash budget
Understanding how to monitor and control cash flows
Understanding the relationship between cash flow and credit customers

Understanding financial documents
Processing financial documents to credit customers and from credit suppliers
Understanding the income statement account
Understanding the statement of financial position

Sole traders, partnerships and limited companies - notification and essential principles
Understanding how sole traders and partnerships notify their liability and the consequences of non-compliance to income tax and national insurance contributions
Understanding the Gst return submission process

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Tags

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