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Understanding to Preparation of Profit or Loss Account


Understanding to Accounting Preparation of Profit or Loss Account Aim of Accounting Unit Certificate is to Understand about Profit and Loss statement and objective of the Accounting statement. Understand about approaches to measure Accounting income and Accounting financial statements. Understand the preparation of Profit or Loss Account with the help of different Accounting equations. Preparation of Profit or Loss Account Unit Certificate is to introduce the learner about profit and loss statement, and how to prepare a profit and loss statement. Further, the role of these Accounting statements in presenting the effectiveness of an organisation is also discussed. Course Benefits The following is included for online study with ILC The success rate of this course is 100% as it is skills focused and assignment based course. A professional one-to-one tutor to provide all-inclusive assistance throughout the course by online. Flexible online learning process without any deadlines. Course materials that include lecture notes, practical applications with real-world examples, and case studies that challenge you to apply your knowledge Assessment resources accessible through our online learning platform 24/7.

SKU: 242675 Category:


Accounting and finance_Accounting



  • After studying the course material, Learner will have to attempt Final Assignment(s).
  • The Assignment Brief containing the different questions will be available on VLE / Moodle. You will be assessed by ILC’s Assessor. A range of assessment methods may be used. When an assessment criteria is met, it will be graded ‘Pass’. If there is further evidence required, it will be graded ‘referred or fail’, and your assessor will give feedback as to how you can meet the criteria. You can resubmit an assignment as many times as you need to.
  • All written report(s) / Assessment(s) are online and are taken either through or after the course; these are included in the course price.


Upon successful completion of the course, the learner needs to pay for a Certificate of Completion from ILC either PDF format or Hardcopy

Certificate of Completion from ILC (PDF format only) = £20

Certificate of Completion from ILC (Hardcopy) = £30 + postage charges £15