Training courses to help your for business

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You may find that you need some training courses for your business. You can create one in-house if the training is very specific to your business, or you can use a course created for your type of business. The advent of the internet has made it possible to find courses online. You may even find free courses available online aimed toward different business goals.

Free courses online.

At findcourses.co.uk you may find courses that fit your need. There are classes for management to teach leadership skills and help a manager learn how to manage projects. You can find courses for health and safety to teach workers how to avoid unnecessary illnesses and accidents. If your business is transitioning from older business methods to newer technology, you can find free courses to train workers to use various equipment or SAGE training. Training to improve sales are also available.

Gearing your training for your staff.

Let’s say you need training geared toward improving the productivity of your management team. You can find classes in business management, leadership development, and organizational development. Classes are also available to help improve written and verbal communication skills. Written communications include letters to clients, inner-office memos, and group presentations. Staff can learn how to use PowerPoint technology or other display technology for their presentations.

Options for classes.

If you sign up for open-schedule courses, the courses can be set up around your schedule and located near your business. This is especially true for businesses located on large population areas such as London, Leads, or Manchester. If the course is designed for your specific company, in-house training may be more appropriate. This also reduces the need to relocate the staff and keep everything, including company specific practices within the walls of your organization. If the training is needed for a smaller group or individuals, or if the course is optional for workers who seek advancement, another great option is the use of distance learning protocols, often referred to as e-learning. These programs enable the learner to work at their own pace and complete the training as fast or as slow as they need to be successful.

Look for e-learning or distance programs that teach classes such as time management and business technology. You can use distance learning to train your company’s trainers. Once they learn the subject and become certified to teach your staff what they know, you may find that your business is operating better than ever and your training costs are reduced.  There are even courses that are specifically designed to teach a trainer how to train others. So in addition to learning how to use your technology, such as your high definition presentation equipment, your trainer can learn how to teach others to use that equipment as well.

The importance of quality training cannot be ignored.

Whether you opt for a paid or free training course, you cannot ignore providing quality training for your staff. Workers who understand their duties and have a strong grasp of their tasks are generally more satisfied with their jobs are likely to stay on for the longer term. Dissatisfied and frustrated workers are more likely to leave for other opportunities, thus causing your company to spend more time and money training new workers, which ultimately reduces productivity and cuts into your company’s bottom line.

Why accountancy is a great career path

Accountancy is still one of the view career paths that is trusted. The honesty of an accountant is expected among businesses and clients. A business’ or a client’s financial life is in the hands of the accountant, therefore trust between the accountant and those for whom he works is paramount.

Accountants receive considerable training toward their field of work. A big part of their training includes ethics, as well as business and tax law. Once an individual completes their training they will find that there are a variety of job opportunities available to them. Businesses need someone to maintain their books, help plan their financial future, and manage their legal as well as fiscal obligations. They need to know that without a doubt they can trust their accountant or team of accountants to keep their business afloat.

Duties of an accountant.

The job if an accountant is to manage the financial systems for either their company or their clients. In-house accountants perform different duties than private practice accountants. An in-house accountant will be responsible for creating financial reports, performing in-house audits, and provide financial advice to their company. They will be expected to provide reports to show how the company can improve profitability and provide reports for potential growth within the company. They will also monitor spending, costs and budgets for the company, in addition to maintaining payroll accounts and control credit.

An accountant in private practice will perform similar tasks for individual clients or small businesses that may prefer to contract with an accountant rather than keep one on staff. The tasks performed for a client may include bookkeeping, performing forensic accounting for insolvency or detecting fraud. They may also perform tax planning and complete tax forms for their clients. They may be asked to prepare reports monthly or annually to help a business manage their finances.

What are the ideal traits of an accountant?

An ideal accountant will enjoy working with numbers and have a careful eye for detail.  One should have an analytical mind and have a logical approach toward performing and completing tasks. Communication skills, both written and verbal are essential. And accountant should be able to communicate clearly financial information in language that is precise without being too technical.  Another important trait for an accountant is motivation and being a self-starter. Alas, the most important trait after math ability is, of course, honesty and discretion. An accountant is trusted with a company’s finances and should be unimpeachable in this regard. Discretion is definitely the better part of valor in accountancy.

The future is bright for accountants.

As more businesses are created along with advancements in technology and the growth of internet or dot.com businesses, the need for accountants will grow exponentially. Job growth is expected to grow by the thousands through to the year 2020.

After a getting a few years of experience an accountant can achieve career advancement. They can become senior account managers who oversee a team of junior accountants. They can also work toward becoming a finance director or Chief Executive Officer, or Chief Financial Officer of a larger business or corporation. Really, the only limit within a career in accountancy is the limits one sets on their own career. With no limits set, the corner office in a skyscraper may be in the future for a hardworking and honest accountant.

The importance of having well trained staff

A staff that works well together is a satisfying experience. When everyone knows their job and their role in the overall scheme the big picture easier to see and winning results are easier to achieve. Training the staff to perform their roles prevents the development of bad habits that can be costly to the organization and the development of disgruntled workers. A well-trained staff is also able to provide customers and other businesses better satisfaction, which in the grand scheme of things creates better business. The long and short of it is a well trained staff is just good business.

Job satisfaction is improved with better training.

Your staff will be more likely to perform their job duties with a better attitude and aptitude if they understand their tasks completely and are able to see how their duties relate to other staff members’ jobs. Providing feedback to your staff regarding how well they do their jobs and regarding areas of improvement will also give them more confidence in their day to day activity. A satisfied worker is a happy worker. A business with happy workers is likely to be a successful business.

Providing your staff with opportunities to gain more responsibilities and better income and perks is also a good way to keep your staff together rather than experiencing job turnovers, which will require training new workers. Every time a new worker needs training that costs money and man-hours, as well as reduced productivity.

Training a worker to perform each step of a process will reduce the propensity individuals have toward creating short-cuts that can cause steps to be skipped and production to become below par quality. If the worker understands how each step is essential they will be less likely to skip those processes, thus creating better outcomes for various jobs and duties.

How to create a training method.

The first step for developing a training program is to assess the current business; which tasks promote good business outcomes and which processes fail toward that goal. This will require established workers to show what they actually do for each task so that the assessor can create the training program.

Next, the business will need to assess the costs related to training. What materials or technology will be needed such as workbooks, videos, and equipment to be used during training? It is also necessary to figure out how to train the trainer. Will they need to attend seminars to become a certified trainer? Will they need to go to another office of the company that is currently enjoying better productivity?

Assess the workers to be trained.

Each worker will need to be assessed to find out where their strengths and weaknesses are in order to bolster their strengths and repair their weaknesses. If a worker is strong on working alone and tends to avoid group work, perhaps they will need training for team work. Or if a worker is better at performing none technical tasks he can receive training with technical equipment.

How to begin the training in-house.

Once the assessments are done, the trainer is trained and the program is developed it is necessary to explain to the trainees why they are being trained and the goals they are expected to achieve once the training is completed.

Each step of the training process should be clear and focused. Break down the processes to be completed in steps so that each step is learned well. Once the first step is achieved, build on that step with the next step, and each step thereafter until all steps of a process is learned well. As each step of a procedure is learned the trainer should watch for the tendency to create short cuts to prevent their development.

After the training is completed and the worker is certified for that task, the trainer and trainee should meet to discuss strengths and weaknesses. The trainer should be prepared to answer questions for the trainee. It is always possible that the trainee will notice something skipped in the program that should be included. In this way the job can be improved for the overall success of the business.

 

What are the skills you need to become an accountant

Of course, an accountant will have very good math skills. There are other skills that are important as well. You should have very good communications skills to verbally explain reports. An accountant will need to be quite adept with various technology, in addition to calculators. An accountant will need to have a very good understanding of business laws and tax laws that are used in the course of their duties. This all seems logical on its face, but there is quite a bit of learning involved in order to become skilled and knowledgeable.

Computer skills are important.

In the course of an accountant’s workday he will use the computer to perform calculations, use spreadsheets, write reports, and communicate with other staff or other businesses in relation to their duties. They will need to have a clear understanding of how to communicate with discretion within the company and have an understanding of what they can and cannot, should or should not communicate outside the company. This is why an accountant attends classes on ethics and business law. An accountant will also use their computer skills to create presentations for their reports to help their company make business decisions. It will not do for an accountant to fail to grasp and use computer technology.

Understanding the laws related to accounting is important.

Business law is very important to understand as far as what is allowed for a business to do in the course of its operations. Tax law is even more important. An accountant will be required to not only handle annual taxes, sales taxes, and tariffs for international business, they will also be expected to perform internal audits before and after tax season. They will be required to create forensic reports to catch any discrepancies and find any fraud. It is their job to make sure that other staff understand how these tax laws relate to their business expenses as well.

Math skills should be a no-brainer.

Basic math skills are of course necessary and essential to the job of an accountant. They use these skills to maintain books and create reports. So an accountant should be quite skilled at bookkeeping to keep the books clear of errors. They also use these skills to forecast a business’ future income and costs. They will be expected to create reports that essentially predict where a business is heading, which is gleaned from the recent year’s weekly, monthly and annual reports. For example, if a business uses sales to measure its success, the books will show daily, weekly, monthly and year-to-date sales records. An accountant will use that information from the most recent year, and perhaps the previous year (if available) to predict the potential growth a company can expect in the current year or next year. If a company reports losses, the accountant will use forensic accounting to find where the loss is happening and write a report to show where they are and suggest how to prevent them in the future.

As you can see accountancy is about more than maintaining a simple ledger. Numbers are essential to a business’ success. An accountant is essential to helping a business succeed.

HOW TO TRAIN TO BECOME AN ACCOUNTANT

Different personalities are better suited to different career paths. Individuals who are detail oriented and enjoy working with numbers are well-suited for work in the field of accountancy. The basic profile of a candidate in this field includes basic math skills, accuracy, and well-organized.

Accountancy includes several tasks in an office environment that will also require a worker to have very good communication skills; both written and verbal. A candidate will therefore need to have an excellent grasp of English grammar and spelling, as well as an ability to verbally communicate with other members of their office personnel.

Training to work in accountancy.

It is necessary to gain a contract to attend a Chartered Institute of Management Accounts. There are three available in the UK:

  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Institute of Chartered Accountants in Scotland (ICAS)
  • Institute of Chartered Accountants in Ireland

The contract with these institutes may take 3 to 5 years to complete. The training will involve:

  • Professional development
  • Practical work experience (450 days)
  • Structured ethics
  • Exams in stages throughout the training

Each of these institutes has its own approach toward completing your training. For example, ICEAW involves 15 modules over 3 levels:

  • Advanced Level: Students learn through case study, corporate reporting, and strategic business planning.
  • Professional Level: Business planning, taxation, business strategy, audit and assurance, financial accounting and reporting, financial management, and tax compliance.
  • Certificate level: Accounting, assurance, business and finance law, management information, and principles of taxation.

The contract includes employers who offer in-house training on technical and general skills respective to their office.  Once one completes their contract and become chartered accountants they must then remain up-to-date with new laws, regulations, and technical aspects through Continuing Professional Development referred to as CPD.

Qualification for the field of accountancy.

One must obtain their contracted training in two stages. The first stage to achieve is the CIMA (Chartered Institute of Management Accounts), which involves entry level qualifications with 5 exams. Once the first stage is satisfactorily achieved, the Stage 2 begins, referred to as CIMA Professional Qualifications with 10 exams.

You can expect a good income in an interesting career.

Generally speaking, you will work ‘Office hours’ of 30 to 40 hours a week. You must prepared for working later hours or hours over the weekend to complete projects with tight deadlines. Auditing can take many man-hours to complete.

Your income will generally start at about £25,000 to £31,000 annually depending on your ability, experience, duties and location. Jobs in urban areas tend to pay better or more than jobs in rural areas. Corporations tend to pay more than small, privately owned offices.

Your duties are also respective to the type of business you work for. A company will need an in-house accountant to manage all their accounts with a goal toward increasing the company’s profitability. A Practice Accountant will manage the accounts of external clients, including writing up reports for audits.

As a company accountant you will prepare finance reports, profit/loss reports, and monitor spending and income. You will oversee payroll and credit, and maintain the bookkeeping system. You will be expected to analyze the company’s finances and create a report to include forecasting in the next quarter or annual period and help with planning for company growth and profits.

If you are one that enjoys the challenge of math and working with various numbers you will be well-suited to a career in accountancy. Your training is well appointed to prepare you for your career no matter which way you choose to work, public or private.