Intermediate Level

• Fundamental Training
  Candidates will receive a hands-on training and will know how to perform the following tasks:

  Setting up companies

  Setting up a company either as a cash accounting scheme or a standard accounting scheme

  How and when to register for VAT

  Choosing the chart of accounts that suits the firm's needs and how to customize it

  How double entry is applied in accounting software and how to customize the nominal ledger and nominal codes

  Setting up customers accounts

  Process customers batch invoices, individual invoices and credit notes Suppliers accounts setup

  Processing suppliers invoices and credit notes

  Generate reports on invoices due, customer/supplier invoice activity

  Performing error corrections

  Allocating payments and receipts of cash in a business Allocating bank payments and receipts

  Allocating Supplier/Customer Payments and Receipts Performing bank reconciliation

  Processing the VAT return and reconcile the VAT return Submitting the VAT return to HMRC

  Knowing how to deal with other VAT issues

  Performing Debtor Analysis Credit control procedures

  Candidates will perform Computerised Book-keeping, Bank Reconciliation & VAT Returns for various industry businesses, gaining a greater insight into accounting up to trial balance

  Candidates will gain strong understanding of how to prepare client's account from incomplete records, using various accounting software

  Deeper understanding of VAT - Rules of registration and de-registration Reconciliation of VAT, Completing a VAT return.

  Import and export VAT analysis

  Calculating VAT for a business with mixed zero-rated and standard-rated sales, combining Sage and Excel

  Candidates will perform Excel Spreadsheet Book-keeping and Bank Reconciliation Candidates will gain an insight into how to deal with HMRC queries

  Performing Stock Control using Computerised Book-keeping How to keep a track of Stock movements extract Bill of materials.

  Candidates will perform sales order processing, purchase order processing and stock reporting.

  Invoicing from stock and updating stock records

  The training is carefully structured to give candidates the practical skills to enable them prepare accounts from source documents to the VAT return, in the exactly same manner as it is required.from our staff in our accountancy practice. This is a very unique platform for candidates, as it links directly into placements and ultimately jobs. We pride ourselves on giving opportunities to those who have the determination and attitude to succeed at accountancy. We promise to inspire you and develop you on every step on the way, with regular feedback sessions and supporting services. Candidates have the opportunity to master a Computerised bookkeeping and payroll package of their choice from Sage, Sage Payroll, QuickBooks, IRIS, TAS or VT.
• Additional Contents of Intermediate Level Training
  In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC. In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

  Internal control procedures for tangible fixed assets and cash

  Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.

  Posting adjusting journal entries at month end such as Accruals,

  Prepayments,

  Depreciations, calculating depreciation using different methods VAT

  Intercompany transactions and reconciliations

  Using a Computerised accounting package of your choice. Preparing closing entries

  Preparing the Final Trial Balance

  Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet

  Dealing with HMRC queries and small tax matters

  Summaries and analyses financial data and produce reports for management purposes

  Monthly, Quarterly Management Accounts Performing banks reconciliation

  Learning about VAT management

  Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

  This training package is everything you need to demonstrate your competency for the following roles:

  Finance manager Financial Accountant Management Accountant

  Accounts payable manager Credit controller

  Small business Performance Analyst

GUARANTEED WORK PLACEMENT either in our accountancy practice or with our clients.

In-house recruitment facilities

Certification on completion provided by KBM Certified Chartered Accountants and Registered Auditors

Reference provided by KBM Certified Chartered Accountants and Registered Auditors

Counts towards your experience necessary for ACCA, AAT, FIA, CIMA, CIPFA or any other accountancy organisation's memberships

FREE complete preparation for the OCR qualification*

One to One CV Consultations and Mock Interview Sessions

Pre-interview screening tests, increasingly used by employers to select candidates

Interview Preparation

Job Hunting tips

Free Sage or QuickBooks software (Worth over £900)

Suitable for

Those who have no prior experience or qualification in accountancy

Candidates currently studying ACCA, AAT, FIA, CIMA, CIPFA or other accountancy and payroll qualifications but have no practical accountancy and payroll experience

Candidates with overseas accounting and payroll experience but not within the UK

Candidates new to Computerised accounting and payroll

Candidates new to accounting and payroll, looking forward to maintaining their own accounts and payroll records to reduce their costs