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Accounting for the Small Business Short Course

Key information

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This course will be taught on campus using appropriate social distancing.

This is a practical training course aimed at those interested in or already running their own business and want to get to grips with business accounts. Learn how to record and prepare business accounts that comply with accounting standards and HMRC requirements.

Why choose this course?

City's course in Accounting for the Small Business will provide small business owners with an understanding of financial management in order to effectively run their own small business.

Our classes will also enable students to document business accounts that are compliant with accounting standards and HMRC requirements.

Course overview

You will learn the basics of financial management for the small business and look at the essential elements of finance including cash flow forecasts, cost analysis, recording transactions, preparing accounts, VAT returns and taxation.

  • “   I enjoyed the course and thought the Tutor was excellent at explaining topics with real examples. ”


    Former student

What will I learn?

What will I learn?

By the end of the course, you should be able to understand the basics of:

  • How to prepare and maintain a set of business accounts that comply with accounting standards and HMRC requirements;
  • Budgeting to enable better business cash flow management;
  • Costing and ratio analysis to enable you to review business performance and efficiency;
  • Completing VAT returns;
  • Tax planning. Gain an overview of HMRC requirements with a view to minimising your tax burden.

Topics covered:

  • Introduction to Accounts
  • Cash Flow Forecasting
  • Costing and Break-Even Analysis
  • Recording Cash Transactions
  • Recording Credit Transactions
  • Bank Reconciliation
  • Income Statements and Balance Sheets
  • Adjustments and Losses
  • Ratio Analysis
  • Computerised Accounts overview
  • VAT
  • Tax (including Allowable Expenses and Capital Allowances)
  • Tax (including Company Structures and reporting to HMRC)



Prerequisite knowledge

An interest in small business management.

Applicants must be competent in basic arithmetic.

English requirements

Applicants must be proficient in spoken and written English.

Teaching & assessment

Teaching & assessment

Informal assessment will take place through group discussion, class room activities and questions and answers session as guided by the tutor.

Recommended reading

Recommended reading

There is no set recommended text for this course, although the text below is a useful starting point.

  • Cox, D. (2012) Business Accounts for book-keeping and financial accounting courses: Osborne Books

Tutor information

  • Tony Pamphilon

    Tony Pamphilon has many years' experience of working in colleges and universities, in the UK and overseas.

    Tony has managed large departments and taught learners of all abilities from beginners up to undergraduates and postgraduates.

    Tony currently works as a freelance lecturer and consultant and teaches a wide range of accounting related subjects at City, University of London and Birkbeck, University of London.

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