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Accounting : Accountancy Training for Accountant

Advanced Diploma QLS Level 7 *Complete Course* | *FREE PDF Certificate* |170 CPD Credits | *Free Bookkeeping Course**

Oxford Home Study College


£12 inc VAT
Study method
Online, self-paced
620 hours
No formal qualification
170 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

687 students purchased this course

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Advanced Diploma in Accounting and Finance QLS Level 7. Diploma of achievement in Accounting and Finance Management . Additional CPD Accredited Accountancy Certificate with 170 CPD points available without extra study. This Accountancy course comes with easy to understand e-learning study materials.

Endorsed Certificate of achievement. Accountancy is of great interest to business professionals and entrepreneurs interested to get a thorough introduction to Accountancy practices and theory and to all learners wishing to take Accounting Management as a future career. Accounting Management helps businesses to measure, monitor and plan their operations. Account Management Level 7 has been planned for newcomers to deliver an perceptive introduction to business Accounting Management as both a idea and a occupation. This superior Accountancy Level 7 might make all the modification!


Accountancy Diploma units take students from the basic Accounting fundamentals to the various Accounting concepts used by the accountants for keeping records of the capital expenditure of a company. From understanding debits and credits and using simple T-Accounts to closing out the accounts at the end of an Accounting period, producing the statement of retained earnings and balance sheet, you will learn how each step is completed.

Accountancy - Learning Outcomes

On Accountancy - Level 7 completion the learner should be able to;

  • Accountancy - Understand the characteristics of Management and Leadership
  • Accountancy - Understand the management challenge and the new functions of management
  • Accountancy - Identify and explain requirements for effective resource management in a business
  • Accountancy - Identify problems relating to managing resources, overcoming the problems and handling the resources efficiently
  • Accountancy - Understand Debits and Credits
  • Accountancy - Reading Annual Reports
  • Accountancy - Understanding Ratios and their Use in Decision Making
  • Accountancy - Identifying High and Low Risk Companies
  • Accountancy - Understand the idea of funds flowing through a business
  • Accountancy - Describe the role of working capital in the operations of a business
  • Accountancy - Use cash flow statements as analytical tools
  • Accountancy - Understand the basic aspects of financial planning and the role of budgeting
  • Accountancy - Explain various types of budgets
  • Accountancy - Describe an appreciation for the need for proper investment appraisal.
  • Accountancy - Explain the various methods of appraising capital projects, including their relative merits and demerits
  • Accountancy - Identify some other concepts relevant in investment appraisal.

Accountancy - Course Benefits

  • Accountancy - Full Tutor Support
  • Accountancy - Self paced, no fixed schedules
  • Accountancy - Available to students anywhere in the world
  • Accountancy - 24/7 Access to the LMS ( Learning Management System )
  • Accountancy - Easy to understand quality e-learning study materials

Accountancy - Course Material

All course materials are included in the course price. All your study material will be available on our learning management system for which you will get access once you are enrolled. The material can be downloaded and printed as well.

Our distance learning course materials are specially written for home study and contain a wealth of knowledge in easy to understand language. We use variety of media to help you learn. Your course may use any of the following different media which you can use from home or where ever you choose to study:

  • Accountancy - Online course materials
  • Accountancy - Question papers
  • Accountancy - Additional Supporting Material
  • Accountancy - Useful Links

Accountancy - Course assessment

You will be continually assessed throughout the Accountancy - Diploma Level 7 course. Your assignment will be marked by your tutor and independently moderated. The feedback on your assignment will then be sent to you. On receipt of this, you may wish to contact your tutor to discuss the feedback.

Accoutancy - Tutor Support

When you enrol on a course with OHSC Courses you are allocated your personal tutor. Tutor’s help and support will be available throughout your studies with the college. He/she will assess your work and will provide you with regular feedback on your progress.

Quality Licence Scheme

This Accounting and Finance course is endorsed by the Quality Licence Scheme. The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes.



170 CPD hours / points
Accredited by The CPD Standards Office

Course media



Accountancy - Course Syllabus

The Accountancy - Diploma Level 7 consists of the following units:

Accountancy - Unit 1 - Introduction to Accounting

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 2 - The Role of an Accountant

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 3 - Accounting Concepts and Standards

This Accountancy unit covers the following key topics:

  • Accountancy - Concepts of accounting
  • Accountancy - Accounting Framework
  • Accountancy - Standards of accounting
  • Accountancy - Plus more

Accountancy - Unit 4 - Journals and Subsidiary Books

This Accountancy unit covers the following key topics:

  • Accountancy - Journal And Subsidiary
  • Accountancy - Advantages of Journal
  • Accountancy - Sub-Division of Journal
  • Accountancy - Ledger
  • Accountancy - Distinction between Journal and Ledger
  • Accountancy - Subsidiary Books
  • Accountancy - Basic Document for Subsidiary Books
  • Accountancy - Advantage of Subsidiary Books
  • Accountancy - Imprest System
  • Accountancy - Plus more

Accountancy - Unit 5 Bookkeeping

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 6 Payroll Accounting Terminology

This Accountancy unit covers the following key topics:

  • Accountancy - Gross Wages
  • Accountancy - Net Wages
  • Accountancy - Employee Tax Withholding’s
  • Accountancy - Employer Tax Expenses
  • Accountancy - Employee Payroll
  • Accountancy - Tracking Accrued Leave
  • Accountancy - Government Payroll Returns/Reports
  • Accountancy - Plus more

Accountancy - Unit 7 - Profit And Loss Accounts

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 8 - Balance Sheet

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 9 - Cash Flow Statements

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 10 - Variance Analysis

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 11 - Ratio Analysis

This Accountancy unit covers the following key topics:

  • Accountancy - Classification of Ratio
  • Accountancy - Norms for Evaluation
  • Accountancy - Managerial Uses of The Primary Ratio
  • Accountancy - Plus more

Accountancy - Unit 12- Financial Management

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 13 - Management of Working Capital

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 14 Financial Planning, Budgeting and Control

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 15- Investment Methods

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 16 End of Period Procedures

This Accountancy unit covers the following key topics:

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

Accountancy - Unit 17 Auditing

This Accountancy unit covers the following key topics:

  • Accountancy - What is an Audit?
  • Accountancy - Internal Audit
  • Accountancy - External Audit
  • Accountancy - Plus more

Who is this course for?


  • Accountancy - Candidates interested to start a career in accountancy
  • Accountancy - Business owners seeking to look after their own accounts
  • Accountancy - Existing accountancy workers in seeking for higher positions or promotion
  • Accountancy - Accountancy workers with no formal qualifications
  • Accountancy - Anyone wishing to boost their career prospects.



There is no particular entry requirement.

Option 1

Diploma in Accounting and Finance QLS Level 7 endorsed by Quality Licence Scheme

Certificate Fee: £170 + postal charges

Option 2

Diploma in Accounting and Finance issued by OHSC

PDF Certificate - FREE

Hard copy - £25 + postal charges

Option 3

CPD Accredited Certificate

(PDF format)=£30

(Hard copy)=£150 + postal charges

*Postage Charges: National £9, International £15

Career path


After completing Accounting and Finance Level 7, Opportunities for employment may include working as an:

  • Accountancy - Accounts Assistant
  • Accountancy - Accounts Payable & Expenses Supervisor
  • Accountancy - Accounts Payable Clerk
  • Accountancy - Audit Trainee
  • Accountancy - Payroll Administrator / Supervisor
  • Tax Assistant Accountant
  • Accountancy - Accounting Clerk
  • Accounts Receivable Clerk

Questions and answers

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Course rating


What does study method mean?

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.

What are CPD hours/points?

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.

What is a ‘regulated qualification’?

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.

What is an ‘endorsed’ course?

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.