|Course Level||Level 4|
|Awarding Body||ABC AWARDS|
|Study Method||Distance Learning|
|Course Duration||260 Recommended Study Hours|
|Entry Requirements||No Entry Requirements|
At the core of every successful business lies the services of a professional accountancy team, charged with overseeing every aspect of the brand’s financial activities. Even in the case of public sector offices and non-profit organisations, getting the job done on a day-to-day basis demands meticulous control and supervision of all key accounts. Quite simply, no business in any setting can thrive or even remain viable without the funds required to keep the wheels in motions. Charged with the task of monitoring, analysing, tracking and ultimately controlling core financial matters, the professional accountant plays a key role in facilitating and furthering overall business success.
Discover what it takes to become a highly-valued accountancy professional with this insightful Accounting course online. Developed for those with a strong interest in finance though perhaps no existing knowledge or experience, series of 12 in-depth modules gradually breaks this complex and challenging subject down into its core specifics. Explore the extensive and important responsibilities of the professional accountant, along with the outstanding array of career prospects open to those with the required skills and knowledge.
Course content on this diploma of accounting online, begins by providing candidates with a broad overview of professional-level accounting as it exists today, before moving on to dissect the role of the accountant and associated key responsibilities. Candidates also explore a wide range of contemporary accountancy standards, the most important accountancy books and documents, effective budgeting, working capital management, investment methods, variance analysis and more. Upon completion, successful candidates will have the option of pursuing rewarding careers in largely any business sector, or continuing their financial education at an even higher level.
This Accounting Online Course, is delivered over 12 modules:
Module 1 – Introduction to Accounting
The introductory course module sets out by providing candidates with a broad overview of contemporary accounting, incorporating an outline of the scope, functions, limitations and primary users of accountancy services. Candidates also explore the accounting cycle, along with each of the key steps in the accounting process.
Module 2 – The Role of An Accountant
The primary duties and responsibilities of the professional accountant are brought into discussion in the second course module. Along with how the accountant fits in with the modern business structure, course content covers a series of accounting types, the objectives of book keeping, the definition of credit and debit, bases of accounting and essential accounting terminology.
Module 3 – Accounting Concepts and Standards
A series of contemporary accounting concepts and standards follow in Module 3, which provides candidates with an overview of effective business accounting framework. Efforts toward standardisation and associated challenges/issues are also discussed at length.
Module 4 – Journals and Subsidiary Books
In the fourth course module, candidates begin to explore essential accountancy tools with an overview of key journals and subsidiary books. Along with an exploration of ledgers, subsidiary books and the Imprest system, candidates are guided through the advantages of journals and the value of journal-subdivision.
Module 5 – Profit and Loss Accounts
An introduction to contemporary profit and loss accounts is provided in Module 5, in which candidates explore the core elements and specifics of profit and loss accounts, along with how P&L accounts are linked with balance sheets.
Module 6 – Balance Sheet
Course Module 6 takes a much deeper look at the business balance sheet, guiding candidates through each essential step in the document-production process. The unit introduces and explores the preparation of effective balance sheets analysis and a series of important considerations before getting started.
Module 7 – Cash Flow Statements
The following course module examines corporate cash flow statements, outlining the importance of the documents themselves and of cash in its own right. Candidates are guided through the specifics of analysing changes in working capital, why working capital matters to the modern business, the sourcing of funds, fund flow statements and more.
Module 8 – Budgeting
A series of essential budgeting basics follow in Module 8, which centres primarily on the theme of effective financial planning. Subtopics covered in the module include performance budgeting, control ratios, zero based budgeting, budget classifications, budgetary control and more.
Module 9 – Variance Analysis
The meaning of variance and the importance/value of variance analysis represents the primary core focus of Module 9. Course content introduces and explores several key concepts including sales variances, overhead variances, labour variances, direct material variances and general cost variances.
Module 10 – Ratio Analysis
An introduction to professional ratio analysis follows in Module 10, which guides candidates through managerial uses of the primary ratio, computation and purpose, classification and the norms for evaluation.
Module 11 – Financial Management
The following course unit focuses on the scope, benefits, purposes and associated challenges of professional financial management. Several key concepts covered include the risk-return trade-off, organisation of finance functions, conflict of goals, related financial disciplines and more.
Module 12 – Management of Working Capital
An investigation into the importance and purpose of working capital follows in Module 12, which guides candidates through a variety of different types of working capital and a series of effective working capital management strategies. Course content also outlines determining optimal cash balance, along with managing working capital under inflation.
Module 13 - Investment Methods
In the final course unit, focus shifts to the topic of business investment methods. Candidates are introduced to a wide variety of connected subtopics, including cost of capital, depreciation, tax and inflows, appraisal methods, investment proposals types, investment appraisal technique limitations and more.
Paying in Instalments: £540(interest FREE Instalments)
No of Instalments: 12
Each Instalment: £36
Pay in Full: (£100 Discount) £440
At the end of this course successful learners will receive a Certificate of Achievementby ABC Awards and a Learner Unit Summary (which lists the details of all the units you have completed as part of your course).
The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means that OHSC has undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria. The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner.
The course itself has been designed by OHSC to meet specific learners’ or employers’ requirements. ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met. A regular review of courses is carried out as part of the endorsement process.
ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government. They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF). It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries. As a registered charity, ABC Awards combines 180 years of examination and assessment expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards also offers over 600 Ofqual regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.