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Accounting

£9.95

Accounting Certificate of achievement in Accounting Level 5. Additional CPD Accredited Certificate with 130 CPD points available with no extra study. The course comes with easy to understand e-learning study materials. Study Accounting Level 5 for the opportunity to earn an endorsed Certificate of Achievement. Explore the field of professional Accounting at Diploma Level 5, building the skills and knowledge to pursue a rewarding career in Accounting . Get started on your endorsed Level 5 Accounting Certificate right now! If you’re serious about building a lifelong career as a qualified accountant, we’re serious about making it happen! Our most advanced Accounting – Diploma has been designed for ambitious candidates with the very top of the ladder in their sights. Accounting helps businesses to measure, monitor and plan their operations. Study from home at a pace that suits you for a endorsed Accounting – Diploma, which could transform your career prospects like never before. Backed by the committed support of your own personally-assigned tutor, success has never been so accessible! This engaging Accounting – Diploma introduces the most advanced complexities and core concepts of the industry in a digestible and structured manner. Explore the recent evolution of the Accounting profession, along with the skills required to confidently work with balance sheets, income statements, cash flow statements and more. Emerge qualified, capable and with the confidence to step into a high-level Accountancy position with an established organization, or perhaps start your own Accounting company from scratch. This self-paced programme is available 24/7 providing you with the flexibility to train at the pace, location and time of your choosing. Endorsed certificate from a registered awarding body is available on course completion. College registration, tutor support, course materials and additional supporting material are all included in the course fee.

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Description

Accounting and finance_Accountancy

Description

Accounting

Accounting Diploma (Learning Outcomes)

Accounting – Diploma units take students from the basic Accounting fundamentals to the various Accounting concepts used by the accountants for keeping records of the capital expenditure of a company. From understanding debits and credits and using simple T-Accounts to closing out the Accounts at the end of an Accounting period, producing the statement of retained earnings and balance sheet, you will learn how each step is completed.

Accounting course completion the learner should be able to;

  • Explore the roles, advantages and limitations of contemporary corporate Accounting.
  • Understand core duties and responsibilities of an Accountant
  • Discuss four main types of financial statements;
  • Identify and describe the three basic forms of business organizations;
  • Understand how to work with t-Accounts and journals;
  • Understand how to organize and record financial transactions;
  • Outline the steps in the Accounting cycle;
  • Explain how to close out a set of Accounts using a worksheet;
  • Describe how to prepare a classified balance sheet;
  • Understand what are sales variances, overhead variances, labour variances and cost variances
  • Explain how to determine optimal cash balance.

Diploma Course Syllabus:

The Accounting Diploma consists of the following units:

Unit 1 – Introduction to Accounting

This unit covers the following key topics:

  • Accounting and Finance
  • Accounting
  • Objectives of Accounting
  • Scope of Accounting
  • Functions of Accounting
  • Advantages of Accounting
  • Limitations of Accounting
  • Evolution of Modern Accounting
  • Branches of Accounting
  • Modern View of Accounting
  • Accounting Cycle
  • Plus more

Unit 2 – The Role of An Accountant

This unit covers the following key topics:

  • Role of an Accountant
  • Methods of Accounting
  • Debit and Credit
  • Types of Accounts
  • Distinction between Book-Keeping and Accounting
  • Organisation for Accounting and Finance
  • Bases of Accounting
  • Accounting Terminology
  • Plus more

Unit 3 – Accounting Concepts and Standards

This unit covers the following key topics:

  • Concepts of accounting
  • Accounting Framework
  • Standards of accounting
  • Plus more

Unit 4 – Journals and Subsidiary Books

This unit covers the following key topics:

  • Journal And Subsidiary
  • Advantages of Journal
  • Sub-Division of Journal
  • Ledger
  • Distinction between Journal and Ledger
  • Subsidiary Books
  • Basic Document for Subsidiary Books
  • Advantage of Subsidiary Books
  • Imprest System
  • Plus more

Unit 5 – Profit And Loss Accounts

This unit covers the following key topics:

  • Statement of Profit and Loss
  • Measurement of Income
  • Preparation of Profit or Loss Account
  • Plus more

Unit 6 – Balance Sheet

This unit covers the following key topics:

  • Balance Sheet
  • Purpose of Financial Statements
  • Prepare a Balance Sheet
  • Assets
  • Analyze a Balance Sheet
  • Current Ratio
  • Quick Ratio
  • Working Capital
  • Debt/Worth Ratio
  • Plus more

Unit 7 – Cash Flow Statements

This unit covers the following key topics:

  • Cash Flow
  • Initial Investment
  • Cash
  • Receivables
  • Inventory, Supplies, and Prepaid Expenses
  • Sources of Funds
  • Funds from Operations
  • Uses and Application of Funds
  • Plus more

Unit 8 – Budgeting

This unit covers the following key topics:

  • Budget
  • Financial Planning
  • Budgetary Control
  • Installing a Budgetary Control System
  • Responsibility for Budgeting
  • Key Factor
  • Sales Work Sheet
  • Fixed and Flexible Budgets
  • Plus more

Unit 9 – Variance Analysis

This unit covers the following key topics:

  • Variance
  • Types of Variance
  • Direct Material Variances
  • Computation of Labor Variances
  • Control of Variances
  • Variance Reporting
  • Plus more

Unit 10 – Ratio Analysis

This unit covers the following key topics:

  • Classification of Ratio
  • Norms for Evaluation
  • Managerial Uses of The Primary Ratio
  • Plus more

Unit 11 – Financial Management

This unit covers the following key topics:

  • Introduction to Financial Management
  • Categories of Financial Management
  • Scope of Financial Management
  • Finance Functions
  • Finance and Accounting
  • Plus more

Unit 12 – Management of Working Capital

This unit covers the following key topics:

  • Significance of Working Capital
  • Operating Cycle
  • Concepts of Working Capital
  • Kinds of Working Capital
  • Components of Working Capital
  • Importance of Working Capital Management
  • Determinants of Working Capital Needs
  • Approaches to Managing Working Capital
  • Measuring Working Capital
  • Working Capital Management Under Inflation
  • Efficiency Criteria
  • Plus more

Unit 13 – Investment Methods

This unit covers the following key topics:

  • Introduction to Investment Methods
  • Types of Investment Proposals
  • Project Report
  • Methods of Appraisal
  • Depreciation, Tax, and Inflows
  • Cost of Capital
  • Limitations of Investment Appraisal Techniques
  • Plus more