Accounts
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Manual and Computerised Accounts
FETAC Level 5 B20001
Duration: 10 Days
Total Hours: 8 hours x 10
Training Body: St Colman's Training Centre
Includes: Trainer Fees, Training Manuals, FETAC Registration & Certificates, Exam Fees & External Authenticate Room & equipment hire.
The aim of the Manual & Computerised Accounts Course is:
- To develop an understanding of the principles of accounting
- To understand a range of accounting terms and ratios
- To be able to carry out a range of accounting procedures
- To be capable of preparing financial statements both manually and computerised
Principal Areas of Study
Accounting Principles
- Explain the principles of double entry bookkeeping
- List the books of prime entry
- Define: assets, liabilities, debtors, creditors, capital.
- Define: shareholder, share capital, dividend and debenture
- Distinguish: sole trader, partnership, limited company
- Summarise a range of accounting standards
- Outline the role of the auditor
- Explain the purposes of financial forecasts and budgets
Accounting Practice
- Process the following adjustments; accruals, prepayments, depreciation, bad debts
- Calculate depreciation using a range of methods
- Value stock using a range of methods
- Extract a Trial Balance
- Prepare: a debtors and creditors control account, and a bank reconciliation
- Produce a profit and loss account for: sole trader, partnership, limited company
- Produce a balance sheet for a sole trader, a partnership
- Calculate a range of ratios for: liquidity, profitability, efficiency
- Complete budgets and forecasts
Computer Principles
- Computer Systems in an accounts environment
- Hardware and Software / Operating Systems / File Management
- Computerised versus Manual Accounts
- Data Accuracy, Security and Confidentiality
- Antivirus Protection Software
- Data Protection Act
Computerised Practice
- Set up company parameters
- Enter opening balances /enter budget figures
- Extract variances between actual and budget figures
- Transactions: Sales, Purchases, Returns, Payments, Receipts
- Process correction of errors, contra entries
- Process adjustments: accruals, prepayments, depreciation, bad debts & stock adjustments
- Reconcile Bank account with Bank Statement
- Extract Trial Balance
- VAT Returns; Bi-monthly and Annual
- Financial Statements; Trading Profit and Loss account, Balance Sheet
- Copy of back-up data files / Restore Data Files
Assessment
Students take Two Assignments = 60%
Practical Assignments Examination = 40%
Requirements
Participants should have a good working knowledge of computers and a basic understanding of manual accounts.
Click on the link below to view or download the complete FETAC module descriptor
http://www.fetac.ie/modules/b20001.pdf
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Manual and Computerised Payroll
FETAC Level 5 B20138
Duration: Every Thursday evening from 6.00 to 9.00pm for 12 weeks starting on 7th April 2011.
Training Body: St Colman's Training Centre
Includes: Trainer Fees, Training Manuals, FETAC Registration & Certificates, Exam Fees & External Authenticate Room & equipment hire.
Course Aim
The aim of the Manual & Computerised Payroll Course is:
- To acquire the knowledge and skills to use both manual and computerised payroll systems
- To understand the essential and appropriate terminology associated with personal taxation
- To appreciate the importance of accuracy and security in preparing and maintaining payroll records
- To acquire the knowledge and understanding of how the cumulative, emergency and temporary tax stems operate.
Principal Areas of Study
Unit 1: Manual Payroll
- Define Payroll Terms
- Calculate Employee's Gross Pay
- Calculate Employee's Net Annual Tax
- Cumulative, Emergency and Temporary Tax Systems
- Cumulative tax deduction/ emergency/ temporary tax deduction cards
- Tax Liability
- Statutory Documents: P45, P60, P30 and P35
- PRSI
- Calculate refunds
- Calculate effects of Budget on an individual's take home pay
Unit 2: Computer Principles
- Computer System in Accounts Environment
- Hardware and Software
- Operating Systems
- File Management
- Computerised Payroll versus Manual Payroll
- Range of Computerised Payroll Packages
- Data Accuracy, Security, Confidentiality
- Anti-virus Protection Software
- Data Protection Act
Unit 3: Computer Payroll
- Enter Company details
- Enter Employee's details
- Enter payment frequency, payment types, non-statutory deductions
- Process Payroll
- Edit Employee data
- Print Payroll Management reports
- Print relevant statutory document details e.g. P45, P60, P30, P35
- Update records
- Save, back-up data, Exit
- Password Protection
Assessment
Examination (Practical) 50%
Project 50%
This course covers the use of the most commonly used Payroll package Thesaurus Payroll however Sage (Quick pay) & Collsoft can be covered also if requested.
Requirements
Participants should have a good working knowledge of computers and a basic understanding of manual accounts.
Click on the link below to view or download the complete FETAC module descriptor
http://www.fetac.ie/modules/b20138.pdf