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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 ICA qualified professionals help 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.
Students who successfully complete the course and assessments will be awarded the ICA Level 2 Award in Accounting Skills to Run Your Business.
✯ Understanding why there is a need to
✯ Understanding operational budgets
✯ Understanding cash and the cash budget
✯Understanding how to monitor and control cash flows
✯Understanding the relationship between cash flow and credit customers
✯ 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.