1. Introduction to accounting and its role in the UK.

2. The main forms of business in Great Britain.

3. The main tasks of accounting and the functions of an accountant.

4. What is UK GAAP, or Generally Accepted Accounting Principles in the UK?

5. Lesson in ZOOM 1 (LUX tariff). Organising the work of an accountant, permits, insurance, trade union membership. Registering your own practice or working for someone else? Life hacks for CVs.

• Balance in life and in accounting. We learn from everyday life.
• The structure of a business balance sheet.
• The profit and loss account. What are profits and expenses? When they occur.
• Cash flow statement. Why a cash balance is not always a profit.
• Analysing reports and checking them arithmetically.
• Lesson in ZOOM 2 (LUX Tariff). Financial reporting and troubleshooting.

– Tax and financial year in the UK
– Overview of the basics of the UK tax system
– Income tax and its characteristics
– Methods of accounting for self-employed income and expenses in the UK
– Completing self-employed tax returns and paying tax
– Lesson in ZOOM 3 (LUX Tariff). Residence and its tax implications. Ukraine-UK International Convention for the Avoidance of Double Taxation
– Corporation tax and its calculation
– VAT: rates, taxable persons and thresholds
National Insurance.
– Practical session 1. Calculation of the VAT base and amount
– Practical session 2. Calculation of tax liability and tax credit
– Filling in the VAT registration form
– Lessons in ZOOM 4 (LUX Tariff). Corporate tax and VAT. Choosing a tax scheme
– National Insurance. PAYE scheme
– Per diem for business trips. Payment for meals
– Holidays, sick leave
– CIS Scheme – Construction Contractors and Subcontractors Scheme
– Starting a business and insurance: when you need it and why
– Algorithm for working with a self-employed person or an individual
– Algorithm of working with LTD
– Lesson in ZOOM 5 (LUX Tariff) Initial client consultation

– When primary documents are created and what they look like in the UK
– Invoice and proforma invoice and their details
– Payment documents (receipts, cheques, payments)
–  Chart of accounts. Posting documents in accounting
– Keeping a journal and an accounting plan
– Recording transactions and financial reporting
– Lesson in ZOOM 6 (LUX  Tariff). Practice. Work on tasks 6.1-6.6

– How to choose the right accounting software for your business
– Introduction to XERO accounting software
– Setting up the programme, adding a new client
– Setting up the exchange with the bank
– Creating new nomenclature items
– Creating counterparty cards, setting up document exchange
– Classes in ZOOM 7 (LUX Tariff) Discussion of issues related to working with XERO
– Trade with cash on delivery
– Trade with prepayment
– Expenses of accountable persons and paid expenses in XERO
– Hiring employees and paying salaries
– Recoding transactions in XERO
– Export and import data
– Create reports
– Fill in the company tax return and pay taxes
– Lesson in ZOOM 8 (LUX  tariff) Preparing for audits in XERO

– Ethical aspects of accounting practice
– Anti-Money Laundering Principles
– Lesson in ZOOM 9 (LUX Tariff). Procedures for bringing to liability for ethical violations and assistance in money laundering