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Updated in [April 29th, 2023]

This course, Free Accounting Tutorial - Practical Accounts Training A, provides an overview of the fundamentals of accounting. Participants will learn to recognize and decipher business papers, identify and interpret 95 periodic and year-end reports, and verify and reconcile them. At the end of the course, participants will have developed a deeper understanding and appreciation for accounting. Additionally, participants will be able to keep track of 80 different sorts of transactions, including year-end adjustments.

[Applications]
The application of this course can be seen in the ability to recognize and decipher business papers, identify and interpret 95 periodic and year-end reports, verify and reconcile 95 periodic and year-end reports, and present and explain 95 periodic and year-end reports. Additionally, this course can help to develop a deeper understanding and appreciation for accounting.

[Career Paths]
1. Accountant: Accountants are responsible for preparing financial statements, analyzing financial data, and providing financial advice to businesses and individuals. They also help to ensure that taxes are paid accurately and on time. As the economy continues to evolve, the demand for accountants is expected to grow.

2. Financial Analyst: Financial analysts provide advice and guidance to businesses and individuals on how to make sound financial decisions. They analyze financial data, develop financial models, and provide recommendations on investments and other financial matters. With the increasing complexity of the global economy, the demand for financial analysts is expected to remain strong.

3. Tax Accountant: Tax accountants are responsible for preparing and filing tax returns for businesses and individuals. They must be knowledgeable about the tax laws and regulations in order to ensure that taxes are paid accurately and on time. As the tax laws and regulations become more complex, the demand for tax accountants is expected to remain strong.

4. Financial Planner: Financial planners provide advice and guidance to individuals and businesses on how to manage their finances. They help to develop financial plans, analyze investments, and provide advice on retirement planning, estate planning, and other financial matters. With the increasing complexity of the global economy, the demand for financial planners is expected to remain strong.

[Education Paths]
1. Bachelor of Science in Accounting: This degree program provides students with a comprehensive understanding of accounting principles and practices. Students learn how to analyze financial statements, prepare financial reports, and use accounting software. Additionally, they gain an understanding of taxation, auditing, and financial management. This degree is ideal for those looking to pursue a career in accounting or finance.

2. Master of Science in Accounting: This degree program provides students with an advanced understanding of accounting principles and practices. Students learn how to analyze complex financial statements, prepare financial reports, and use accounting software. Additionally, they gain an understanding of taxation, auditing, and financial management. This degree is ideal for those looking to pursue a career in accounting or finance.

3. Master of Business Administration (MBA) with a Concentration in Accounting: This degree program provides students with a comprehensive understanding of business principles and practices. Students learn how to analyze financial statements, prepare financial reports, and use accounting software. Additionally, they gain an understanding of taxation, auditing, and financial management. This degree is ideal for those looking to pursue a career in accounting or finance.

4. Doctor of Philosophy (PhD) in Accounting: This degree program provides students with an in-depth understanding of accounting principles and practices. Students learn how to analyze complex financial statements, prepare financial reports, and use accounting software. Additionally, they gain an understanding of taxation, auditing, and financial management. This degree is ideal for those looking to pursue a career in accounting or finance research.

Course Syllabus

1.1 Objectives and Detailed Course Outline

1.2 Accounting App Overview

2.1 Tax Return Overview & App Extract

2.2 Tax Return and Profit & Loss Account

2.3 Tax Return and Balance Sheet

2.4 Disallowed Expenses

2.5 Detailed Chart of Accounts

2.6 Chart of Accounts Continued

2.7 Tax Return & Notes to Financial Statements

3.1 Means of Payments

3.2 Vat Classifications

3.3 Vat Reporting Options

3.4 What is Recorded, Which Documents

3.5 Filing

3.6 Double Entry

3.7 Completion marks

3.8 General Recording

3.9 Verification Instruments

4.1 Starting Guides

4.2 App Modules

4.3 Business Name & Year

4.4 Set Vat Rates

4.5 Set Recording Date

4.6 COA Structure

4.7 Backup and Restore

4.8 Practice Documents

4.9 Profile

5.0 Miscellaneous Overview and 2 Entry Form

5.1 Cash Deposit & Withdrawn

5.2 Cheque &Electronic Deposit

5.3 Opening Stock &Prepayments

5.4 Advance Income Reversal & Bank Charges Accrual

5.5 Lottery & Vat Penalty

5.6 Sales & Purchases Vat Transfer

5.7 Dashboard - Overview

5.8 Product Drawings

5.9 Multi Entry Form & Wages

5.10 Opening Balances

5.11 Opening Balance Reports

6.1 Income and Non-Income Receipts

6.2 Income Received & Refund

6.3 Money Capital Invested

6.4 Bank Interest Received

6.5 Vat Refund

6.6 PAYE & NI Refund

6.7 Trade Debtor Paid & Refund

6.8 Miscellaneous Receipts

7.1 Direct & Indirect Expenses

7.2 Overheads Paid & Refund

7.3 Cost of Sales Paid & Refund

7.4 Overhead Invoice/ Debit Note & Credit Note

7.5 COS Invoice/ Debit Note & Credit Note

8.1 Fixed Asset Classifications

8.2 Fixed Asset Paid & Refund

8.3 FA Invoice/ Debit Note & Credit Note

8.4 FA Capital Invested

8.5 FA Disposal Paid For

8.6 FA Disposal Invoice

8.7 FA Disposal Transfer

9.1 Payment Classifications

9.2 Net Wages Paid

9.3 Bank Charges Paid

9.4 Drawings Paid

9.5 Vat Paid

9.6 PAYE & NI Paid

9.7 Trade Creditor Paid & Refund

9.8 Lottery Cancellations & Prizes

9.9 Agency Submissions/ Payments

9.10 Paid Wages, No Deductions

9.11 Miscellaneous Payments

10.1 Loan Acquired, Fees & Charges

10.2 Loan Interest Accrued

10.3 Loan and Interest Repaid

10.4 Credit Card Borrowing

10.5 Credit Card Fees & Charges

10.6 Credit Card Interest Accrued

10.7 Credit Card Repaid