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Accounting and Finance Level 3 Advanced Diploma

Update on 2023 | CPD Certified | Free Digital Certificate | Free Exam | Lifetime Access


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Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
3.7 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

Welcome to Accounting and Finance Level 3 Advanced Diploma, a comprehensive and engaging course designed to provide you with in-depth knowledge and practical skills in Accounting and Finance. Throughout this course, we will explore various aspects of Accounting and Finance and delve into its fundamental concepts, advanced techniques, and real-world applications.

Our primary objective in Accounting and Finance Level 3 Advanced Diploma is to equip you with a solid foundation in Accounting and Finance. Whether you are a beginner or an experienced professional looking to expand your expertise, this course will cater to your needs and help you achieve your learning goals.

During our journey together, you will have the opportunity to:

  • Gain a thorough understanding of the core principles and theories that underpin Accounting and Finance.
  • Acquire practical skills through hands-on exercises, projects, and real-world examples.
  • Explore cutting-edge advancements and emerging trends in the field of Accounting and Finance.
  • Prepare for future opportunities, such as further education, career advancement, or entrepreneurship, in the field of Accounting and Finance.
  • Reflect on your learning journey, celebrate your achievements, and gain the confidence to excel in Accounting and Finance.

By the end of Accounting and Finance Level 3 Advanced Diploma, you will have gained a comprehensive understanding of Accounting and Finance and developed the skills necessary to succeed in this dynamic field. Whether you choose to pursue further education, enter the job market, or embark on entrepreneurial ventures, this course will lay a strong foundation for your future endeavours.

We are excited to have you join us on this educational journey, and we look forward to helping you unlock your full potential in Accounting and Finance Level 3 Advanced Diploma. Let's get started!

Why should you choose Course Line?

When it comes to quality education and professional development, Course Line stands out as one of the most prestigious learning providers. As a certified institution by UKRLP & CPD Group, we have a proven track record of excellence, having successfully taught over 20,000+ students and counting.

Curriculum

19
sections
19
lectures
3h 44m
total

Course media

Description

Welcome to the course outline for Accounting and Finance Level 3 Advanced Diploma. In this comprehensive learning journey, we will explore the depths of Accounting and Finance, delving into its core principles, practical examples, and advanced techniques. Through a series of engaging lectures and exercises, you will gain the knowledge and skills necessary to excel in the field of Accounting and Finance Level 3 Advanced Diploma.

*****Accounting and Finance Level 3 Advanced Diploma Course Syllabus*****

Module 1 - Introduction to Accounting

  • Accounting and Finance
  • Accounting
  • Objectives of Accounting
  • Scope of Accounting
  • Functions of Accounting
  • Advantages of Accounting
  • Limitations of Accounting
  • Evolution of Modern Accounting
  • Branches of Accounting
  • Modern View of Accounting
  • Accounting Cycle
  • Plus, more

Module 2 - The Role of an Accountant

  • Role of an Accountant
  • Methods of Accounting
  • Debit and Credit
  • Types of Accounts
  • The distinction between Book-Keeping and Accounting
  • Organisation for Accounting and Finance
  • Bases of Accounting
  • Accounting Terminology
  • Plus, more

Module 3 - Accounting Concepts and Standards

  • Concepts of accounting
  • Accounting Framework
  • Standards of accounting
  • Plus, more

Module 4 - Journals and Subsidiary Books

  • Journal and Subsidiary
  • Advantages of Journal
  • Sub-Division of Journal
  • Ledger
  • The distinction between Journal and Ledger
  • Subsidiary Books
  • Basic Document for Subsidiary Books
  • Advantages of Subsidiary Books
  • Imprest System
  • Plus, more

Module 5 - Bookkeeping

  • Workshop Objectives
  • Basic Terminology (I)
  • Balance Sheet
  • Income Statement
  • Revenue
  • Cost of Goods Sold
  • Expenses
  • Basic Terminology (II)
  • Accounts Receivable
  • Accounts Payable
  • Trial Balance
  • Plus, more

Module 6 -Payroll Accounting Terminology

  • Gross Wages
  • Net Wages
  • Employee Tax Withholding
  • Employer Tax Expenses
  • Employee Payroll
  • Tracking Accrued Leave
  • Government Payroll Returns/Reports
  • Plus, more

Module 7 - Profit and Loss Accounts

  • Statement of Profit and Loss
  • Measurement of Income
  • Preparation of Profit or Loss Account
  • Plus, more

Module 8 - Balance Sheet

  • Balance Sheet
  • Purpose of Financial Statements
  • Prepare a Balance Sheet
  • Assets
  • Analyse a Balance Sheet
  • Current Ratio
  • Quick Ratio
  • Working Capital
  • Debt/Worth Ratio
  • Plus, more

Module 9 - Cash Flow Statements

  • Cash Flow
  • Initial Investment
  • Cash
  • Receivables
  • Inventory, Supplies, and Prepaid Expenses
  • Sources of Funds
  • Funds from Operations
  • Uses and Application of Funds
  • Plus, more

Module 10 - Variance Analysis

  • Variance
  • Types of Variance
  • Direct Material Variances
  • Computation of Labor Variances
  • Control of Variances
  • Variance Reporting
  • Plus, more

Module 11 - Ratio Analysis

  • Classification of Ratio
  • Norms for Evaluation
  • Managerial Uses of the Primary Ratio
  • Plus, more

Module 12- Financial Management

  • Introduction to Financial Management
  • Categories of Financial Management
  • Scope of Financial Management
  • Finance Functions
  • Finance and Accounting
  • Plus, more

Module 13 - Management of Working Capital

  • Significance of Working Capital
  • Operating Cycle
  • Concepts of Working Capital
  • Kinds of Working Capital
  • Components of Working Capital
  • Importance of Working Capital Management
  • Determinants of Working Capital Needs
  • Approaches to Managing Working Capital
  • Measuring Working Capital
  • Working Capital Management Under Inflation
  • Efficiency Criteria
  • Plus, more

Module 14 Financial Planning, Budgeting and Control

  • Financial Planning
  • Budget
  • Budgetary Control
  • Installing a Budgetary Control System
  • Organisation for Budgeting
  • Cash Budget
  • Master Budget
  • Fixed and Flexible Budgets
  • Plus, more

Module 15- Investment Methods

  • Introduction to Investment Methods
  • Types of Investment Proposals
  • Project Report
  • Methods of Appraisal
  • Depreciation, Tax, and Inflows
  • Cost of Capital
  • Limitations of Investment Appraisal Techniques
  • Plus, more

Module 16 End of Period Procedures

  • Depreciating Your Assets
  • Reconciling Cash
  • Reconciling Investments
  • Working with the Trial Balance
  • Plus, more

Module 17 Auditing

  • What is an Audit?
  • Internal Audit
  • External Audit
  • Plus, more

Assessment Process

Upon completing the Accounting and Finance Level 3 Advanced Diploma course, you will be required to undertake a multiple-choice evaluation in order to gauge your understanding of the material covered.

If you do not achieve the minimum passing score, you will have the opportunity to retake the assessment without incurring any additional cost.

Certification

After successfully completing this Accounting and Finance Level 3 Advanced Diploma course, you will get an instant Free digital certificate.

Who is this course for?

Accounting and Finance Level 3 Advanced Diploma is designed to cater to a wide range of individuals who are eager to enhance their knowledge and skills in Accounting and Finance.

This course is suitable for:

  1. Beginners in Accounting and Finance
  2. Professionals
  3. Students
  4. Career changers

No matter your background or level of experience, Accounting and Finance Level 3 Advanced Diploma offers a comprehensive learning experience that caters to your specific needs. Join us on this educational journey and unlock your potential in Accounting and Finance today!

Requirements

Requirements for the Accounting and Finance Level 3 Advanced Diploma course:

  • No Prior Knowledge Required
  • Basic Computer Skills.
  • Internet access.
  • Familiarity with English

Career path

Completing Accounting and Finance Level 3 Advanced Diploma course can open exciting career opportunities in various fields related to Accounting and Finance. Here are three potential career paths you can pursue after completing Accounting and Finance Level 3 Advanced Diploma:

  • Accounting and Finance Specialist
  • Accounting and Finance Researcher
  • Accounting and Finance Educator

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Reviews

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.