What will I learn?
Module 1: Purposes of Accounting and Records
Module 2: Verification of Records – Accounts & Balance Sheets
Module 3: Types of Business Organisations, Accounting Concepts & Further Aspects
Module 4: Internal Final Accounts of Limited Companies, Ratio Analysis & the Assessment of Business Performance
Module 5: Introduction to Budgeting & Budget Control
Module 6: Stock Valuation, Incomplete Records & Sources of Finance
Module 7: Accounting Standards, Published Accounts & Partnership Accounts
Module 8: Manufacturing Accounts
Module 9: Costing
Module 10: Capital Investment Appraisal, Budgeting, Further Considerations & Social Accounting
Upon successful completion of the course, students will earn 120 academic credits which they can use toward further education courses, such as university degree programs.
Syllabus
This level 3 Diploma in Accounting will provide students with an in depth knowledge of the subject areas covered. If you are interested in becoming an accountant, but lack higher level qualifications this is the course for you. Even if you are not interested in accounting as a career but want to go into general management you will need some level of expertise in the finances you will, inevitably have to manage.
The course includes the concepts of financial record-keeping techniques, consequences of effective financial accounting, businesses profitability, performance, costing and budgeting.
This is important for directors, managers, banks, investors, tax authorities, regulators, and other decision makers. The accounts are used to make properly informed resource allocation decisions between and within companies, organizations, and public agencies. This is done by recording the value of assets, liabilities, income, and expenses in the books of account.
Accountancy helps businesses to measure, control and plan their operations. People skilled in accounting can assess if the business is performing well financially. Where this is not happening remedial strategies can be recommended. Accountancy is about recording, classifying and summarising information. Sound judgment and good analysis are required.
What are the requirements?
All students must be 16 years of age or above. Level 3 Diploma courses require a minimum prior learning to GCSE standard. This is to ensure that students can manage their studies and have the assumed knowledge within course content.
Knoma's take
Hudson
£850 interest free loan from Knoma over 12 months