|Course Level||Level 5|
|Endorsed By||Endorsed By ABC Awards and Certa Awards|
|Study Method||Online Learning|
|Course Duration||320 Hours Approx|
|Entry Requirements||There is no entry requirements|
Interested in becoming a qualified accountant? Looking to take your bookkeeping and financial management skills to the next level? With the support of Oxford Home Study Centre, the career of your dreams could be one enjoyable online course away! Study in your own time from any location worldwide, for the opportunity to boost your outlook Level 5 Advanced Accounting Course! Study the art of accurate and efficient accounts management at the highest level, exploring the roles and responsibilities of key accountancy personal, working capital management and investments, ratio analysis and so much more besides. Build a detailed knowledge of the most important accountancy documents, reports and journals, paving the way for a successful career in the field! Enrol online in just a few clicks and get started on your Level 5 Advanced Certificate in Accounting and Finance today!
Why Study Accounting and Finance?
To study accountancy is to equip yourself with invaluable skills and knowledge for life. Just as long as the world runs on money, the world will need qualified and capable accounts. Contrary to popular belief, accountancy isn’t just about creating and storing financial records for legal purposes. Instead, accountants play a direct role in determining the financial performance of the entire organisation. Reducing costs, maximising revenues, identifying and analysing investment opportunities – all in a day’s work for the professional accountant. By taking our exclusive accounting classes online, you’ll be one step closer to achieving lifelong job security!
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.
Paying in Instalments: £640(interest FREE Instalments)
No of Instalments: 12
Each Instalment: £40
Pay in Full: (£100 Discount) £540
At the end of this course successful learners will receive a Certificate of Achievementfrom ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).
The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Oxford home study centre has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 5 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed by Oxford home study centre to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer 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.
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.