Income Measurement and Reporting

Certificate in Income Measurement and Reporting - Level 4

Do you want to gain strong skills in financial reporting? If you aspire to work in finance or accounts, or you are already employed but want to earn a recognised qualification this subject area is absolutely something you must become familiar with. The Certificate in Income Measurement and Reporting – Level 4 (USA Standards) is designed to equip you with strong financial reporting concepts. This accounting course will delve deep and teach you critical thinking skills to help you understand accounting procedures and execute them under a broader business context. This course will help you become more fluent in discussions related to measurement and reporting.

The course is extensive and will discuss key modules in-depth such as measurement triggering transactions and events, the periodicity assumption, basic elements of revenue recognition, basic elements of expense recognition and adjusting process and related entries. Each topic will be explored fully to ensure learners gain a complete understanding of the subject matter.

Certificate in Income Measurement and Reporting – Level 4 will get you acquainted with the conceptual foundations of financial reporting. This course will provide you with an opportunity to progress in your career in accounting and financial roles. The course is suitable for individuals who want to gain the necessary understanding in which accounting information is applied to make business decisions. You will have the opportunity to enhance future career prospects and aspirations.

Please Note: This Course is Based on USA Standards.

Why you should consider 1Training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training offers the most convenient path to gain an internationally recognised qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

What will you learn?

• Learn of specific accounting tools that establish measurement principles
• Learn of financial reporting concepts and methods
• Use your skills to prepare and analyse financial statements
• Understand the mechanics of financial reporting
• Become familiar with accounting terminology

COURSE CURRICULUM

Module 01 : Measurement Triggering Transactions and Events

Module 02 : The Periodicity Assumption

Module 03 : Basic Elements of Revenue Recognition

Module 04 : Basic Elements of Expense Recognition

Module 05 : The Adjusting Process and Related Entries

Module 06 : Accrual- Versus Cash-Basis Accounting

Module 07 : Preparing Financial Statements

Module 08 : The Accounting Cycle and Closing Process

Module 09 : Classified Balance Sheets

Module 10 : Business Liquidity and the Operating Cycle

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of assessment

In order to complete the Certificate in Income Measurement and Reporting – Level 4, learners will have to take a mock exam and final exam.

• No. of Questions: 30
• Exam Duration: 40 minutes
• Exam format: multiple questions

Certification

Upon the successful completion of the course, you will be awarded the “Certificate in Income Measurement and Reporting – Level 4”.

KEY FEATURES

• Gain an accredited UK qualification
• Access to excellent quality study materials
• Learners will be eligible for TOTUM Discount Card
• Personalized learning experience
• One year’s access to the course
• Support by phone, live chat, and email

• This course is perfect for aspiring and currently employed accountants
• This course is also ideal for any individual who has an interest in finance, and want to enhance their understanding of financial reporting
• Finance Managers, Business Managers

• All learners should be over the age of 16 and have a basic understanding of Maths, English and ICT.
• A sound educational background is an advantage.

Once you qualify in the Certificate in Income Measurement and Reporting – Level 4, you will gain an accredited qualification that will demonstrate your understanding of financial accounting. Below are some of the jobs you can land with this certification.

• Finance/Accounts Assistant
• Assistant Accountant
• Accountant
• Finance Manager
• General Manager
• Business Manager

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