Accounting: What Do I Need To Know For My Business?

Course information sheet

Fees: Standard £ 5 Conc £0 Full £5 * Enrol online for standard fee payers only

Day Time Weeks Centre Start End Code Enroll
Monday 17:00 - 18:00 1 MAC 01/07/2019 01/07/2019 NHB24

What will the course cover?

This short course aims to develop knowledge and understanding of basic accounting every small business owner needs to have knowledge of and the steps required to set up basic financial records.

Who is the course for?

People wanting to start or already run their own business and who need to understand how to get the right funding to either start or to expand their small business.

What skills, knowledge or experience do I need to start this course?

An interest in understanding how small enterprises are set up and run effectively, or those who have an idea for starting their own business. You will also need to be moderately fluent in written and spoken English (at least at Level 1) and be able to use a computer to navigate the internet and access online sites and resources.

What should I be able to do by the end of the course?

Identify the reasons why a business needs to have an accounting system in place; List three basic sets of financial accounts need to have; Choose the best system to run your financial accounts. Set up a simple financial system for your business.

How is the course organised?

Group and individual instruction. Explanations, tasks, demonstrations and opportunities to explore ideas and issues. Discussion of examples, case histories etc. Individual help and support to work on your own skills and needs.

What extra study or practice is expected outside of the class?

To gain the maximum benefit, you should read recommended books and websites, and practice or review the topics covered during the class each week – the more you practice, the faster your skills will improve. Working on business plans, researching other businesses, or using the web for research into business practice will all be helpful. Computer access is available at Study Support sessions at Macbeth centre, or at your local library.

How will my progress be assessed?

Discussion and querstioning with advice and guidance given throughout the session. Classroom tasks and exercises will help you decide what else you need to learn or practise. The tutor may provide homework or specific tasks to assess your progress and there will be regular opportunities to review your progress through the class.

What can I expect to go on to after this course?

Start looking into financing of your own business. Other related business courses to develop skills in other areas, e.g. customer service. Students may also wish to take a course in marketing basics, or look at developing computing skills (Word, Spreadsheets, Web Design) to help organise, promote and manage your business.

Are there any other costs and what do I need to bring?

A pen and notebook, a file folder to store handouts, and a USB key if you want to take any work done on the PC home with you (your tutor can give you advice on purchasing USB keys). You may benefit from investing in a guide book to supplement your learning. Some suggested texts are: Start Your Own Business – Entrepreneur Press (ISBN 1599183870) Start Your Own Business 2013 - Startups (ISBN 1780591209) The Financial Times Guide to Business Start Up 2014 – Williams (ISBN 1292004665) How to Finance a Business - A Step by Step Guide to Financing a Small Business (Kindle Edition) The Best Small Business Accounts Book : For a non-VAT Registered Small Business Hardcover – 1 Nov 2013; Hingston Publishing Co; ISBN-13: 978-0906555286 Bookkeeping for Small Businesses: Simple steps to becoming a confident bookkeeper (Teach Yourself) Paperback – 27 Aug 2015; ISBN-13: 978-1473609143 If you are comfortable using the Internet, there are some helpful online sites: www.gov.uk/browse/business www.smallbusiness.co.uk www.greatbusiness.gov.uk www.syob.co.uk https://www.gov.uk/business-finance-support https://www.enterprisenation.com/

What support is available?

You may wish to get additional help and guidance offered through the free Study Support Sessions at the Macbeth Centre. At these sessions you can access the internet, work on and print homework and assignments for your course, research, access a range of software, improve your typing and practice/review what you have covered in class. You will need to book a place on these sessions – ask your tutor how. Help with literacy or numeracy is available through the basic education programme and the ESOL programme offers help for speakers of other languages. Additional support can be provided for students with learning difficulties and/or disabilities. If you have a disability and feel you need support to get the best from your course you can contact Sean Buckley (sean.buckley@lbhf.gov.uk) to have a confidential discussion on how best we can support your learning. Details of all available support can be found on our website (hfals.co.uk), in the Guide and the Student handbook, or from teaching or reception staff.