All businesses at all levels and spanning every contemporary sector rely on efficient and flawless accountancy services in order to remain viable. Even in the instances of charitable organisations and those of a non-profit nature, the fact that it takes money to run a business necessitates the provision of solid accountancy. Exactly how a business is run in a financial sense will always have an extraordinarily significant impact on both its profitability and position within the industry. As such, those with professional-level accountancy skills and knowledge are in consistently high-demand from brands and businesses all over the world.
Diploma in Accounting and Finance, has been specially developed for students with little or no previous knowledge in this field . Those who wish to study accounting for a career change or to further their studies in this highly demanding field. Hence this Online Accounting Course, gives you a good starting point for your exceptional career In the accounting field.
This Diploma in Accounting and Finance (Level 4) provides candidates with a comprehensive introduction to the subject of contemporary accountancy from a modern business perspective. Over the course of 13 intensive units, course content explores all essential theoretical and practical teachings required for candidates to pursue a career in largely any industry or sector. Along with an investigation of modern accountancy and its evolution, the course outlines and dissects the three key cornerstones of business accountancy - cash flow statements, income statements and balance sheets.
Course content On this Online Accounting Course, begins with a broad introduction to the concept of accounting, incorporating an in-depth exploration of the roles, advantages and limitations of contemporary corporate accounting. Candidates then explore the specifics of the professional accountant, including the core responsibilities and challenges faced by those working within the industry. Along with an introduction to the most crucially important business accountancy documents, candidates explore a variety of budgeting and investment essentials. Successful candidates will find themselves primed for exploring a dynamic array of new career options, or perhaps taking an existing post to the next important level.
This is home study, flexible Online Accounting Course, which can be easily completed along with job or other commitments. The course is assignment based and is fully accredited from one of the largest UK's awarding bodies. We carryout regular assessment throughout the course to monitor your progress. Professional support and guidance is available all the way through.
This Diploma in Accounting consists of the following 13 units:
Unit 1 - Introduction to Accounting
In the introductory course unit, candidates begin by exploring the purpose of accounting from a modern perspective and the role it plays for the contemporary business/organisation. Along with who exactly relies on accountancy services and why, the advantages and limitations of accounting are outlined. Candidates are also provided with an overview of the most crucial steps in the accounting process.
Unit 2 - The Role of an Accountant
The second course unit turns attention away from the industry as a whole to focus more specifically on the professional accountant. Candidates are guided through the various different types of accounting personnel, along with the roles and responsibilities of the modern accountant. Important accounting terminology is also discussed, along with a brief introduction to credit and debit.
Unit 3 - Accounting Concepts and Standards
Course content in Unit 3 centres on the subject of accountancy standards and a series of crucial accounting concepts. Subtopics discussed in-depth include efforts to reach standardisation, the establishing and meeting of professional level accounting standards and the core accounting framework.
Unit 4 - Journals and Subsidiary Books
The most important accountancy books and journals are introduced in the fourth course unit, in which candidates explore the advantages and potential limitations of each. Unit content covers the advantages of subsidiary books, a basic overview of business ledgers and an overview of the Imprest system.
Unit 5 - Profit and Loss Accounts
The fifth course unit provides candidates with an in-depth look at profit and loss accounts, incorporating an exploration of how balance sheets are used in conjunction with P&L accounts. How to ensure profit and loss accounts are maintained with pinpoint accuracy represents the primary core focus of the unit.
Unit 6 - Balance Sheet
In the sixth course unit, the complexities of balance sheets are broken down and dissected one by one. Candidates explore a series of core concepts in relation to the balance sheet, including important things to be aware of before getting started, what to expect in relation to the content of the balance sheet itself and ultimately how to analyse balance sheet content effectively.
Unit 7 - Cash Flow Statements
Course content then moves on to explore cash flow statements. Core concepts covered in Unit 7 include the determining of working capital requirements, a variety of sources of funds, factors that affect fund requirements, how to analyse changes in working capital and where/how the cash flow statement fits in.
Unit 8 – Budgeting
The basics of business budgeting enter the conversation in Unit 8, which guides candidates through a series of important subtopics including effective financial planning, controlling budgets, budget classifications, control ratios and the concept of zero-based budgeting.
Unit 9 - Variance Analysis
In the eight course unit, a series of core principles based around the subject of variance analysis are introduced, along with the creation of related reports. Subtopics covered in the unit include sales variances, overhead variances, labour variances, cost variances and ultimately the control of all key variances.
Unit 10 - Ratio Analysis
The following course unit centres around the subject of ratio analysis, incorporating an introduction to the managerial uses of the primary ratio, the norms for evaluation and an overview of computation and purpose.
Unit 11 - Financial Management
The management of financial matters from a contemporary business perspective forms the core focus of Unit 11, in which candidates explore the relationship between risks and returns, how business owners and managers often have conflicting goals, the establishment of financial goals and ultimately to what extent financial management plays a role in facilitating the success of a business.
Unit 12 - Management of Working Capital
Course content in Unit 12 provides a more direct overview of the management of working capital and the importance of efficient capital management. Candidates are guided through a series of core concepts including cash flow management, the various types of working capital, several effective approaches to the management of working capital and how to determine optimal cash balance.
Unit 13 - Investment Methods
In the closing course unit, a series of essential theoretical teachings centred around investment methods are introduced and explored. Subtopics covered in Unit 13 include investment proposals types, appraisal methods, investment appraisal technique limitations and an overview of depreciation, tax and inflows.
Paying in Installments: £560 (interest FREE Installments)
No of Installments: 12
Each Installment: £38
Pay in Full: (£100 Discount) £460
At the end of this course successful learners will receive a Certificate of Achievement by 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 itself has been designed by BOLC 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.
What is ABC Awards?
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.
Upon completion, candidates will benefit from the skills, talents and industry knowledge required to pursue rewarding careers in accountancy. Along with positions with established accountancy firms and other businesses, qualified accountants may choose to set up their own businesses from scratch. Typical salaries vary from £20,000 up to £50,000 and more, in accordance with experience and expertise.
260 Hours Approx.
No Entry Requirements
I wouldn’t have believed it was possible to become a working accountant without a formal degree. I began working as a freelance accountant after studying with BOLC and could not be any happier with the progress I’ve made.
The course I took with BOLC helped me earn a promotion in the office I’d been with for several years. So instead of just being part of the back-office accounts team, I’m now in charge of the team!