Unlock the secrets of sound financial management with this introduction to bookkeeping and payroll in an SME. Learn about the tax and legal implications of PAYE and get hands-on experience running payroll. Discover the core principles of bookkeeping and how, when done right, it supports organisations in decision making and strategy.
COURSE LENGTH:
COURSE STRUCTURE:
- Bookkeeping: Introduction
- Bookkeeping: Double Entry
- Bookkeeping: Financial Statements
- Bookkeeping: Financial Statements & Statements Of Cash Flow
- Bookkeeping: Financial Reporting & Computerised Finance Systems
- Bookkeeping: The Finance Function Of An Organisation
- Payroll: Introduction
- Payroll: The Payroll Process
- Payroll: Computerised Payroll Using Thesaurus Software
- Payroll: Entering Employee Information
- Payroll: Entering Payroll Information
- Payroll: Computerised Payroll Process - Reports and Backup
STUDY OPTIONS:
Part Time
1 x 3 hour live online evening class per week over 12 weeks
On Demand
Learn at your own pace, over 18 weeks, with pre-recorded lectures
SUMMARY:
Accurate bookkeeping and payroll are the foundation of every well-run business. This course will introduce you to the concepts, principles, and language of bookkeeping and payroll as they apply to small and medium-sized businesses. You will come to know how a finance department works and how bookkeeping and financial reporting underpins effective, data-based decision-making.
Over 12 weeks, build your confidence reading, interpreting, and producing day books, ledgers, closing balances, trial balances, cash flow statements, and financial statements. You will learn the hands-on skills of bookkeeping in an accessible and transferable way (using tools such as spreadsheets rather than a specific accounting solution). You will discover how payroll works and the legal and tax legislation that relates to it. You will use payroll software to set up new employees and determine their tax credits and cut offs. Practical payroll scenarios will be worked on using Thesaurus Software and a simulated Revenue Online Services (ROS) interaction. Learners taking part in this course will now have access to the EBSCO Online Library, free of charge, for the full duration of the course. Here you can browse thousands of relevant journal articles and other reliable academic and commercial texts like the Harvard Business Review, Bloomberg Businessweek and Forbes Magazine, to supplement your learning and assignments.
SYSTEM REQUIREMENTS
Learners must have a computer, broadband connection, and audio capable of running Zoom sessions. The second part of the course will require learners to install Thesaurus Payroll Manager, or have access to the software. Learners must ensure that they have permissions to install software on their computers. Please note this software is only compatible with Windows 10 and 11. It is the learner’s responsibility to ensure they have access to a Windows 10+ PC for this part of the course.
CAREER OPPORTUNITIES:
If you are planning to pursue a career in financial management or HR, or looking to progress into a more senior role, this course provides the practical knowledge you need. After just 12 weeks, you will be well-versed in financial management concepts and know how an SME’s finance department works. You will understand the bookkeeping process and how financial information supports strategic decisions, plus have hands-on experience of a modern payroll system.
ASSESSMENT AND CERTIFICATION
This course is assessed through continuous assessment quizzes and exercises (60%) and a final practical assessment (40%) during which you will use Thesaurus payroll software to process employee information and generate a report.
Your UCD Professional Academy Diploma will be issued electronically on a secure platform, with a link that you can share with employers and others wishing to verify your credentials. You’ll also be able to add the certification to your LinkedIn profile to demonstrate your achievement to your network as well as recruiters and potential employers searching for individuals with your skills and experience.
This course is not on the National Framework of Qualifications.
LEARNER PROFILE:
This course would suit professionals just starting out, already in a junior finance role, or who worked in finance in the past and are looking to refresh their knowledge. It would also suit business owners and entrepreneurs looking to upskill in financial management. The disciplines covered are universal, so these skills are applicable in any sector or industry. Students should be comfortable reading and interpreting tabulated numerical information, as well as performing basic mathematical operations such as calculating percentages.
