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Corporate Control Accounts

Introduction of Corporate Control Accounts Training

A crucial and critical step in the preparation of financial statements is the use of control accounts and year-end adjustments. These modifications are made to the financial statements in order to incorporate requirements from Financial Standards like FRS and IRFS. The Period End Process (Month End or Year End) includes these changes. The Financial Statements must reflect an accurate and fair assessment of the Company's financial performance and position, which is ensured by these adjustments and journal entries.
As the point of contact between the Bookkeeper and the Accountant, the assistant accountant is important. You can get all the necessary theoretical knowledge and practical abilities to function as an Account Assistant or Finance Assistant through an accounts assistant training programme.

Key Features of Control Accounts Training

  • Understanding control accounts
  • Reconciling subsidiary accounts
  • Identifying errors
  • Maintaining accurate records
  • Using accounting software
  • Enhancing financial reporting

Control Accounts Course Training Details

The Online Control Accounts Training course covers the following topics:

  • The Control Accounts Adjustments.
  • Foreign Currency reconciliations, Dollar, euro and Sterling reconciliations exchange.
  • Import and Export.
  • CIS Schemes, with complex contractor and subcontractor structure.
  • Preparation of year-end journals using primary sources.
  • Establishing Automatic Enrolment and Pensions.
  • Annual Journal Entries Uploading.
  • Adjustments for prepayments, accruals, depreciation, and fixed assets.
  • Balance between Debtors and Creditors Control Accounts for the Subsidiary Ledgers (Purchases and Sales Ledger).
  • Reconciliation of Cost of Sales and Stock Adjustments .
  • Reconciling balance sheet adjustments such as those related to wages, payroll taxes, VAT, director loans, cash, and other loans, etc.
  • Reconciliation and Suspense Account Clearing.
  • Creating a provision for bad debt dividends Provision.
  • Updating the Fixed Asset Register and Recording Modifications, Such as Disposals, Additions, Depreciations, and Accumulated Depreciation.
  • Procedures for exporting and mapping data.
  • Initial Trial Balance Creation.
  • Financial statements are created using the final trial balance.
  • Opening balance Adjustment for the new month, quarter, and annual basis to understand the effect on the financial statements.
  • Yearend journals with complete understating of the final trail balance.
  • In-house profit and loss accounts, balance sheet.

Corporate Accounts Training Benefits

  • Candidates gets hand on Control Account Adjustments, Year End Journal Entries, Trail Balance concerns, Advanced Reconciliations, and Management Reporting based on financial statement.
  • Gain practical skills to apply in real-world scenarios.
  • Learning Accounting Software (Sage, xero, QuickBooks & advanced excel).
  • 1-2-1 training with ACCA qualified Chartered Accountants & CPD approved Trainers support.
  • Software support & installation
  • 24*7 Access to online resources, including video tutorials and case studies.

What jobs you can qualify after Completing Corporate Accounts Training Programme:-

Suitable jobs: - Accounts Assistant, Accounts clerk, Accounts Payable specialist, Accounts Receivable specialist Finance Assistant, Junior Accountant.

Salary expectations: £26000 to £30000

Explore the benefits of a career in corporate control accounts and discover how our training program sharpens skills, making you proficient in effective control account management.

Tailored for everyone, our corporate control accounts training caters to beginners and seasoned professionals alike. Start with fundamentals and progress to advanced techniques for a personalized learning journey aligned with your financial control expertise.

Stay current with our training that evolves alongside the latest industry practices. We prioritize real-world scenarios, preparing you for the intricacies of managing control accounts in the corporate landscape.

Stand out with our unique corporate control accounts training. Emphasizing hands-on experience, we guide you through practical exercises using cutting-edge tools and software, ensuring mastery in managing the practical aspects of financial controls.

Customize your learning path! Our corporate control accounts training can be tailored to specific industry sectors. Address the unique challenges of different businesses, ensuring that you acquire skills directly applicable to your chosen field of control account management.

Join our thriving corporate control accounts training community for unparalleled networking opportunities. Engage with industry professionals, participate in forums, and build connections that can elevate your career in corporate control account management.