Accountancy (Accountant Training) at QLS Level 5

The Accountancy (Accountant Training) at QLS Level 5 is all you need to advance your career in relevant fields.

Enrol now to discover everything you need to know about the Accountancy (Accountant Training) at QLS Level 5 and the skills to improve your talents in this field and be confident in your knowledge bucket with One Education as your right hand!

Meet the Endorsement

The Quality Licence Scheme has been designed specifically to recognise high-quality courses. This Accountancy (Accountant Training) at QLS Level 5 course materials are recognised by Quality Licence Scheme (QLS). This ensures the deep research and quality resource allocation behind the development phase of the course. In addition, the QLS certificate enriches your CV and recognises your quality study on the relevant subject.

Meet the Accreditation

CPD Quality Standards (CPD QS) accreditation assure the Accountancy (Accountant Training) at QLS Level 5 course training and learning activities are relevant, reliable, and upto date.

Expert Support

Dedicated tutor support and 24/7 customer support are available to all students with this premium quality course.

Key Benefits

• Learning materials of the Design course contain engaging voiceover and visual elements for your comfort.
• Get 24/7 access to all content for a full year.
• Each of our students gets full tutor support on weekdays (Monday to Friday)

Course Curriculum:

Module 01:

Introduction

• What Is Accounting?
• Accounting and Bookkeeping
• Who Uses Accounting Information?
• Accountability in Accounting
• Financial Statements
• How Different Business Entities Present Accounting Information

Module 02:
The Role of an Accountant

• What Is an Accountant?
• Roles and Responsibilities
• Important Skills
• Accounting Automation
• Transparency and Security
• Data Analysis

Module 03: Accounting Concepts and Standards

• Introduction to Accounting Concepts
• Introduction to Accounting Standards
• Accounting Standards in the UK
• International Accounting Standards
• International Financial Reporting Standards

Module 04:
Double-Entry Bookkeeping

• Introduction of Double-Entry Bookkeeping
• What Does the Account Show?
  
  • Account Name
  • Debits and Credits
  • Account Details
• Rules for Double-Entry Transactions
• Accounting for Inventory
• Double-Entry Transactions for Inventory
• Returns of Inventory
• Drawings
• Income and Expenses
• How Many Different Expense Accounts Should Be Opened?
• Balancing Accounts
  
  • General Rules for Balancing Accounts

Module 05:
Balance Sheet

• Introduction of Balance Sheet
• The Components of a Balance Sheet
  
  • Assets
  • Liabilities
  • Net Worth or Equity
• The Accounting Equation
• Understanding the Balance Sheet
• What Does the Date on the Balance Sheet Mean?

Module 06:
Income statement

• Understanding the Income Statement
• The Accrual Concept
• Revenue
• Expenses
• Net Income
• Interest and Income Taxes
• Bad Debt Expense

Module 07:
Financial statements

• Introduction of Financial Statements
• Trial Balance
• Statement of Comprehensive Income
• Calculation of Profit
• Difference between Gross and Net Profits
• Trading Account
• Profit and Loss Account
• Statement of Financial Position
  
  • Non-Current Assets
  • Current Assets
  • Current Liabilities
  • Non-Current Liabilities
  • Capital

Module 08:
Cash Flow Statements

• What Is a Statement of Cash Flows?
• What Is the Purpose of the Cash Flow Statement?
• Cash and Cash Equivalents
• Operating Activities
• Investing Activities
• Financing Activities

Module 09:
Understanding Profit and Loss Statement

• Introduction of Profit and Loss Account
• Measurement of Income
• Relation Between Profit and Loss Account and Balance Sheet
• Preparation of Profit and Loss Account

Module 10:
Financial Budgeting and Planning

• What Is a Budget?
• Planning and Control
• Advantages of Budgeting
• Developing the Profit Strategy and Budgeted Profit and Loss Statement
• Budgeting Cash Flow from Profit for the Coming Year
• Capital Budgeting

Module 11:
Auditing

• What Is an Audit?
• Types of Audits
  
  • External Audits
  • Internal Audits
  • Internal Revenue Service (IRS) Audits
• Why Audits?
• Who’s Who in the World of Audits
• What’s in an Auditor’s Report

Course Assessment

To simplify the procedure of evaluation and accreditation for learners, we provide an automated assessment system. Upon completion of an online module, you will immediately be given access to a specifically crafted MCQ test. The results will be evaluated instantly, and the score will be displayed for your perusal. For each test, the pass mark will be set to 60%.

When all tests have been successfully passed, you will be able to order a certificate endorsed by the Quality Licence Scheme.

Certificate of Achievement

Endorsed Certificate of Achievement from the Quality Licence Scheme

After successfully completing the Accountancy (Accountant Training) at QLS Level 5 course, learners will be able to order an endorsed certificate as proof of their achievement. Hardcopy of this certificate of achievement endorsed by the Quality Licence Scheme can be ordered and received straight to your home by post, by paying

• Within the UK: £109
• International: £109+ £10 (postal charge) = £119
• CPD Accredited Certificate from One Education

After successfully completing this Accountancy (Accountant Training) at QLS Level 5 course, you will qualify for the CPD accredited certificate from One Education. Certificate is available in both PDF & hardcopy format, which can be received by paying —

• PDF Certificate: £9
• Hardcopy Certificate (within the UK): £15
• Hardcopy Certificate (international): £15 + £10 (postal charge) = £25

This Accountancy (Accountant Training) at QLS Level 5 course is designed to enhance your expertise and boost your CV. Learn key skills and gain a certificate of achievement to prove your newly-acquired knowledge.

This Accountancy (Accountant Training) at QLS Level 5 course is open to all, with no formal entry requirements.

Upon successful completion of the Accountancy (Accountant Training) at QLS Level 5 Course, learners will be equipped with many indispensable skills and have the opportunity to grab.