Advanced Accounting Course 

Here at Oxford Home Study Centre, we exclusively offer accredited online courses of the highest quality.  This advanced Level 5 Advanced Certificate in Accounting and Finance is delivered over a series of 13 intensive modules as follows:

Unit 1: Accounting Basics

The course begins with a detailed introduction to professional accountancy, investigating its effects on wider performance and the primary objectives of accountancy.  A series of associated accountancy challenges are also explored, along with a breakdown of the accounting cycle, a detailed overview of the accountancy process and the advantages of accurate accountancy.

Unit 2: The Accountant's Roles and Responsibilities

Module two turns attention to those who work in accountancy, detailing a series of typical roles and everyday responsibilities.  A number of different types of accountancy are discussed, along with the purpose and advantages of bookkeeping, an introduction to credit and debit, an exploration of accountancy terminology/jargon and more.

Unit 3: Accounting Concepts and Principles

Candidates are then guided through a series of important accounting concepts and principles, which includes a discussion of standardisation in global accountancy.  The value of an effective and consistent accountancy framework is explored in-depth.

Unit 4: Subsidiary Books in Accountancy

Course module four provides an introduction to some of the most important journals and subsidiary books in accountancy.  The use of ledgers is also discussed, along with the advantages and limitations of journals, a detailed overview of entry standards and how to effectively implement journal-subdivision.

Unit 5: How to Prepare a Profit and Loss (Income) Statement

Profit and loss statements are discussed in module five, along with how income statements are used alongside balance sheets in an accountancy setting.  Candidates learn how to produce, analyse and confidently work with profit and loss statements.

Unit 6: What is Balance Sheet?

A detailed exploration of balance sheets follows in module six, which explains the purpose, importance and general functions of balance sheets.  Effective balance sheet analysis techniques are also discussed, along with the importance of accuracy and completeness when producing and working with balance sheets.

Unit 7: Statement of Cash Flows                             

The functions of cash flow statements are outlined in module seven, which also discusses the importance of cash in general from a business perspective.  Candidates learn how to analyse working capital changes, studying the various sources of working capital, fund flow statements and influences that can affect working capital and on-hand cash.

Unit 8: Basics of Financial Management

Module eight explores the basics of financial management, detailing the objectives, limitations and potential benefits of effective financial management.  Additional subtopics introduced include finance functions, the risk-return trade-off, the inevitability of conflicting goals, how to effectively establish realistic financial goals and more.

Unit 9: What is Budgeting and Why is it Important?            

The basics of budgeting follow in module nine, in which candidates explore the objectives of budgeting and the importance of accurate financial projections.  The concept of zero-based budgeting is also discussed, alongside budget classifications, the value of efficient financial planning, control ratios, performance budgeting and more.

Unit 10: Working Capital Management

Working capital is brought back into discussion in module 10, which takes a more detailed look at efficient capital management theory and related strategies.  A series of different types of working capital are explored, along with cash flow management, optimal cash balance analysis and the objectives of working capital management.

Unit 11: Types of Investments

In course module 11, candidates learn how to identify and effectively analyse potential investment opportunities.  A variety of different types of investments are explored, along with related subtopics such as depreciation, cost of capital, appraisal methods, taxation, effective investment evaluation techniques and associated risk management theory.

Unit 12: Variance (Accounting)

Course content then provides candidates with a detailed introduction to variance analysis, along with a series of associated reports and documents.  Additional subtopics introduced include variance control, cost variances, labour variances, overhead variances, sales variances and more.

Unit 13: Importance of Ratio Analysis

The programme concludes with a crash-course introduction to ratio analysis, detailing key accountancy concepts such as the primary ratio, competition and purpose, classification and the norms for evaluation.

Oxford Home Study offers some free certificate courses in Accounting and Finance. Explore now on our website. 

OHSC Certificate of Completion - Digital certificate

Digital certificate - Included.

Quality Licence Scheme Certificate of Completion - Hard copy certificate

Hard copy certificate - £85

Note: A nominal fee of £9.99 covers the delivery charge within the United Kingdom and a nominal fee of £19.99 covers the delivery charge outside the United Kingdom.

Careers in accountancy range from high-level financial roles with established organisations to self-employment and freelance service provision.  Armed with an accredited Level 5 Diploma in Accountancy and Finance, you’ll have the opportunity to explore a world of career prospects in the location of your choosing.  If you’ve ever dreamed of going into business for yourself as a self-employed accountant, now’s the time to make it happen! Typical salaries vary from £20,000 up to £50,000, with no limitations for more senior accountants.