Learning Outcomes

What is the Construction Industry Scheme (CIS)

Coverage of the Construction Industry Scheme (CIS)

Contractors and Registration

Verification Process

Lesson Summary

This module introduces you to the Construction Industry Scheme(CIS), its fundamental elements, and its implications within the construction sector. The lessons hand-walk you through what CIS entails, its coverage concerning contractors and subcontractors, contractor registration and the verification process to enhance your understanding of the CIS.

The Construction Industry Scheme (CIS) Returns

Record Keeping and Construction Industry Scheme (CIS)  Certificates

Penalties Involved

In this module, you will learn the vital aspects of CIS. The lessons will guide you into the processes involved in submitting CIS returns, handling records to ensure compliance, CIS certificates for subcontractors and contractors, and the potential penalties and consequences that arise from non-compliance with CIS regulations.

Understanding the Construction Industry Scheme (CIS) - Course Assessment

This free course explains how contractors in the UK have to make deductions from payments for subcontractors’ tax.

Understanding the Construction Industry Scheme (CIS)

The Construction Industry Scheme (CIS) governs the payment procedures between construction contractors, subcontractors and employees in the UK. This course outlines the key considerations in ensuring compliance with the scheme. You will learn about the tax requirements, registration and verification process for subcontractors as required by HMRC. By maintaining records in line with the CIS, you can get exemptions on VAT and other deductions.

Introduction to Microeconomics

The Demand Curve

The Supply Curve

The Equilibrium Price and Quantity

A Deeper Look at the Demand Curve

The Demand Curve Shifts

A Deeper Look at the Supply Curve

The Supply Curve Shifts

Exploring Equilibrium

Does the Equilibrium Model Work?

Supply and Demand Terminology

In this module, you will first explore how people respond to changes in price and discover the relationship between price and quantity supplied. Next, learn how prices reach equilibrium. Then, learn about horizontal and vertical methods for reading the demand curve, how demand curves shift, and consumer surplus. Then, explore important factors that shift the demand curve as well as the supply curve. Lastly, this module will present a case study that explores the equilibrium model.

Elasticity of Demand

Office Hours: Elasticity of Demand

Calculating the Elasticity of Demand

Elasticity of Supply

Elasticity and Slave Redemption

Applications Using Elasticity

In this module, learn about determinants of elasticity, the midpoint formula, and how to calculate the elasticity of supply. Then, explore the history of the Sudan civil war and how elasticity relates to the slave redemption. Lastly, learn about how elasticity relates to other scenarios, such as gun buyback programs in the U.S.

Commodity Taxes

Who Pays the Tax

Tax Revenue and Deadweight Loss

Subsidies

Wage Subsidies

In this module, you will first learn about taxes, tax revenue, and subsidies. Then, learn about who really pays taxes – buyers or sellers? This will be introduced in conjunction with the notion of social security and health insurance taxes.  Then, gain an understanding of why taxes exist and how taxes relate to surplus and deadweight. Lastly, learn about subsidies, such as wage subsidies and minimum wage.

Microeconomics: Supply, Demand, and Equilibrium - Final Assessment

Learn about supply, demand, and taxes and how they impact the economy with this free online microeconomics course.

Microeconomics: Supply, Demand, and Equilibrium

Well-known economists Tyler Cowen and Alex Tabarrok bring microeconomics to life in this free online course. Engaging, easy-to-follow lessons explore how the supply of goods and services drives an economy, how prices help co-ordinate market activity, and how consumers respond to changes in price. Study the relationship between price and supply, examine the elasticity of supply and demand, and gain an understanding of taxes and subsidies, today!

Topic A - Introduction - GAAP

Topic B - Transactions

Review Quiz

In this module, Principles, students will learn about The eleven generally accepted accounting principles. They will also learn about The Accounting Equation. Students will also learn debit and credit rules in this module. The course will also provide and analysis on transactions a made by a company.

Topic A - The Need for Internal Controls

Topic B - Control Concepts

In this module, Overview of Internal Controls, students will learn about the need for internal controls. It will also cover principles of internal control. It module will also go over several control concepts. Students will also revive an overview of internal control. They will also learn about the audit process.

Topic A - Subsidiary Ledgers

Topic B - Special Journals - Posting Sales Journal

Topic C - Special Journals - Posting Cash Receipts

In this module, Subsidiary Ledgers and Special Journals, students will learn about subsidiary ledgers. Students will also learn about using special journals in this module. It will also go over posting sales journals at the end of the week. The module then covers cash receipts and posting cash receipts.

Topic A - Purpose

Topic B - Reconciliation

Topic C - Who Should Perform the Reconciliation?

In this module, NAME OF MODULE, students will learn about what a reconciliation is. Students will also learn about reconciling items and unreconciled differences. The module will also go into detail about who should perform a reconciliation as well as who can review a reconciliation. It will also cover what a roll-forward analysis is.

Topic A - Correcting Entries

Topic B - Corrections - The Wrong Account

In this module, Correcting Entries, students will learn about correcting entries and how to properly correct errors when bookkeeping. The module will provide examples on different kinds of mistakes that are made while bookkeeping. The module will also cover different methods for fixing these types of mistakes.

Topic A - Sales Tax

Topic B - Sales Tax Rules and Filing

In this module, Sales Tax, students will learn about sales tax. The module will teach students about how to calculate sales tax. It will also cover recording transactions for sales tax. Students will also learn how to pay the collected taxes. It will also touch on the different rules when filing in each state.

Topic A - All Businesses Must Have a Strategic Plan

Topic B - Types of Budgets

In this module, Budgeting, students will learn about budgeting for a company. The module will cover a business's strategic plan and it's impact in setting an annual budget. This includes budgeting strategies for smaller companies. Students will also learn about different types of budgets. It will also go into detail into a bookkeeper's role in budgeting.

Topic A - Merchandising Income Statement

Topic B - Sales Discounts

Topic C - Purchase Discounts

In this module, Accounting for Merchandising, students will learn about income from merchandising companies.Students will also learn about a merchandising Income statement. This module will also go into detail about when a credit note is issued to the customer. Students will also learn about calculating sales discounts.

Topic A - Defining Petty Cash

Topic B - Accounting for Cash Over or Short

Topic C - Cash Controls - The Bank Reconciliation

In this module,Accounting for Cash, students will learn about  petty cash.  This also includes accounting for petty cash. Students will learn about filling out a  petty cash voucher as well as a petty cash journal. The module will also cover accounting for cash over or short. It will also go into detail on good cash control in a retail business.

Topic A - The Payroll Process

Topic B - Payroll Process - Deduction Tables

Topic C - Payroll Process - Earnings Record

In this module, Payroll, students will learn about the payroll process. The topic will go into depth on gross pay for both hourly employees and salaried employees. Students will then learn about taxes and deductions in the payroll process. This also includes voluntary deductions and state tax rates.

Topic A - Partnership - The Partnership

Topic B - Corporations

Topic C - Preferred Stock

In this module, Partnerships and Corporations, students will learn about business partnerships. Specifically the module will focus on accounting in a business partnership. This includes the process of admitting a new partner and the drawing account. Students will also learn about what happens in the event of a partner withdrawal or the unexpected death of a partner. Finally the module will cover stocks.

Topic A - Accounts Receivable

Topic B - Bad Debts

Assessment Title

In this module, Accounts Receivable and Bad Debts, students will learn about accounts receivable. The module will also cover aging reports and the Balance sheet for accounts receivable. Students will also learn about bad debts. This includes writing off bad debts. This module will also talk about the sale of receivables.

Topic A - Interim

In this module, Interim Profit or Loss, students will learn about preparing interim statements. Students will get a breakdown of the importance of a interim statement. The module will demonstrate the layout of the interim statement. This module will also provide examples of a statement indicating a loss and a statement indicating a profit.

Topic A - Year End - Inventory

Topic B - Inventory Obsolescence

In this module, Year End - Preparing to Close the Books, students will learn about the end of the year responsibilities that come with bookkeeping. Students will learn about adjusting entries and adjusting entries types. The module will also go into details about inventory. It will also cover the spreadsheets at the end of the year.

Topic A - Year End - Closing Journal Entries

Topic B - Year End - Post Closing Trial Balance

In this module, Year End - Closing the Books, students will learn about closing the books at the end of the year. The module will cover closing journal entries for both permanent and temporary accounts. Students will also learn about year end financial statements. This includes a breakdown of the income statement and the balance sheet.

Topic A - What is Cash Flow?

Topic B - Cash Flow - The Indirect Method

Topic C - The Direct Method

In this module, Cash Flow, students will learn about cash flow. The module will cover the categories of cash flow. It will also talk about cash from operations.  This module will compare the indirect method and the direct method. Students will also learn about maximizing cash flow and the cash cycle.

Diploma in Effective Bookkeeping and Payroll - Assessment

Learn about bookkeeping and payroll and the factors involved like taxes and budgeting with this free online course.

Diploma in Effective Bookkeeping and Payroll

This free online course teaches students about effective bookkeeping and payroll. Students will learn about accounting for a company. They will also learn about taxes during payroll. This payroll course will cover budgeting and budgeting strategies, and also goes into detail on topics such as subsidiary ledgers and special journals. So, why wait? Start this course today and learn about effective bookkeeping and payroll.

Introduction to Managing Tax in the UK

Inheritance, Income and Individuals Tax

Capital Gain, Corporation and Advanced Income Tax

This module will assist you in comprehending tax systems in the UK, different types of tax, how they affect the economy, as well as the seriousness of tax evasion and avoidance. You will also learn about national insurance, tax returns, tax codes, accounting and financing in business.

Understanding and Managing Tax in the UK - Course Assessment

Master and reinforce skills and knowledge in planning and calculating tax in the UK with this free online course.

Understanding and Managing Tax in the UK

The money that the government takes or deducts from us is called tax. It is a mandatory contribution to the state, but you do not receive goods or services in return for this payment. The modern tax system is governed by legislation. This course will provide all the information required to understand the different types of taxes and implement best practices for the timely and effective fulfilment of all tax-related obligations.

Introduction to Payroll Management

Payroll Cycles and Processing Steps

Tax, Withholdings, and Statutory Contributions

Benefits, Pensions, and Payroll Management Best Practices

This module will introduce you to the essential knowledge and skills to manage payroll effectively. It covers the purpose and components of payroll, tax calculations, compliance with labour laws, and benefits administration. You will gain hands-on insights into using payroll software, addressing employee queries, and maintaining accurate records.

Payroll Essentials for Small Businesses - Assessment

Learn how you can manage payroll, maintain accuracy, and keep your business running smoothly in this free online course.

Payroll Essentials for Small Businesses

Imagine navigating the intricate world of payroll with ease, ensuring every paycheck is accurate and compliant. With this course, you will be equipped with practical knowledge and skills to handle payroll processes effectively, including calculating salaries, managing deductions, and understanding tax compliance. Discover the tools you need to streamline payroll systems and maintain accuracy for your business processes. Start Learning Now.

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Tax Acts

This module guides you on computing wages, salary, and taxes. The lessons cover provisions of the Fair Labor Standards Act, calculating employee work hours, time spent, salary, and compensation. You will also delve into various aspects of social security, income, and unemployment tax covering FICA, withholding laws, FUTA and SUTA, and other norms.

Bookkeeping and Accounting Basics

Choosing an Accounting Method

Keeping the Books

In this module, you will get an insight into various bookkeeping and accounting concepts, objectives, and their differences. The lessons help you understand cash and accrual accounting, financial accounting conceptual framework, and accounting standards. You will then explore the effect of business transactions and the procedure's end.

Payroll Computation and Bookkeeping - Course Assessment

This free online course will teach you how to compute wages and salaries and how to account for associated taxes.

Payroll Computation and Bookkeeping 

Payroll computation and bookkeeping are essential aspects of any business and a crucial skill set for those who want to work in accounts or handle finances for companies with extensive capital and staff. This course will provide you with the knowledge and skills necessary to accurately calculate and maintain employee salaries, wages, and benefits, while also ensuring compliance with the provisions of federal and state labour laws and taxes.

Introduction to Self Assessment Tax Return

Gathering Tax Information

Completing the Tax Return Form

In this module, you will learn the basics of the Self Assessment Tax Return (SATR), its importance and the tax obligations of individuals. You will also study how to identify taxes which must be reported, deducted or exempted on your tax return. Also, we will cover the documents needed to fill out your tax return forms accurately.

Calculating Tax Liability

Claiming Tax Credits and Deductions

Self Assessment Deadlines and Penalties

In this module, we will examine ways to determine your tax rates and thresholds, as well as your taxable incomes. You will also discover how to identify tax credits and deductions that may help lower your overall tax bill. Finally, you will learn the importance of deadlines and the penalties for late or incorrect return submissions.

Understanding the UK Self-Assessment Tax Return - Course Assessment

This free online course explains how to file a Self Assessment Tax Return to comply with the UK’s income tax laws.

Understanding the UK Self Assessment Tax Return

Are you ready to demystify the complexities of the UK’s Self Assessment Tax Return? This course is your gateway to mastering this critical aspect of personal taxation. We explain how to gather your tax information, complete the tax return forms and calculate your tax liabilities. We also discuss tax credits and deductions and examine the self-assessment deadlines and penalties. Enrol to start estimating your tax returns and comply with tax laws.