The Course
The Penney’s Finance School Course as been designed to help you understand the requirements of running your business. By completing the course, you’ll learn:
- The different types of business set up, such as being a sole trader or incorporating as a company
- What the figures your accountant provides mean
- Your legal requirements as a business owner
- The different types of tax and who has to pay them
- How Payroll & CIS work
Who Can Benefit From This Course?
- New business owners
- Business administrators
- Payroll administrators
- Those registered for VAT
- How to manage your cash flow
- Experienced business owners
- Training bookkeepers
- Family solicitors
- Those registered for CIS
- Those who are keen to learn about business
What Are The Course Modules
Module 1 - Lesson 1:
Company Set Up
Be able to identify and set up the correct company type easily and smoothly.
Module 1 - Lesson 2:
VAT & Payroll
Module 2 - Lesson 1:
Profit & Loss
Be empowered to understand the figures that your accountant puts in front of you for your profit and loss.
Module 2 - Lesson 2:
Balance Sheets
Understand your balance sheet, which details everything you own and everything you owe.
Module 2 - Lesson 3:
Management Accounts
Learn how management accounts can provide insight into your business and drive decision making for you.
Module 2 - Lesson 4:
Cash Flow
Be able to assess your businesses cash flow and ensure it’s effectively balanced.
Module 3 - Lesson 1:
Sole Trader Business Year
Be able to understand the financial and legal obligations of owning and running a business as a Sole Trader.
Module 3 - Lesson 2:
Limited Companies Business Year
Understand the legal requirements of operating as a Limited Company.
Module 3 - Lesson 3:
VAT Business Year
Learn everything you need to know about what the VAT business year entails.
Module 3 - Lesson 4:
Payroll & Pensions
Understand the Pay As You Earn system, National insurance, when and what you are required to pay as well as pensions and CIS
Module 3 - Lesson 5:
Planning & Year End
Understand how the various tax returns and self assessments work, as well as other important forms.
Frequently Asked Questions...
The content of the course is approximately 10 hours long, with additional testing between those modules. We find most of our students take between 12 and 15 hours to complete the course and gain certification.
Our course is designed to give you the knowledge you need to ensure you do pass our tests. However, you can re-take any tests you don’t pass and can go through previous content if required.
Yes! The world of business, finance and taxation is always changing. We regularly update our courses content to ensure our students can remain up to date.
If you’re a new business owner, owned a business for years, or want to learn more about the world of business and finance, this course could be hugely beneficial to you.
Yes! We provide a multi-student discount to ensure your whole team can benefit from the course and gain the required knowledge.
