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Accounting : Elements of Financial Statements and their Recognition Criteria

Inspire London College

Summary

Price
£50 inc VAT
Or £16.67/mo. for 3 months...
Study method
Online
Duration
40 hours · Self-paced
Qualification
Accounting : Elements of Financial Statements and their Recognition Criteria
Awarded by Inspire London College
Additional info
  • Tutor is available to students

Overview

In Accounting the financial statements are of great importance. In accounting the financial reports provide the necessary information about the financial position of the company and shareholders can access the current position of the company through these statements. On the other hand, in Corporate Governance it is also a legal requirement for the companies to produce their financial statements for reporting. Therefore Inspire London College has developed this course with an aim to understand the importance of financial statements and identify the important elements in a statement. The course introduces the learners with the statements which are necessary in this modern business world and how these statements are developed and what are their important elements. In addition to this the course also highlights the purpose of different statements and enables the learners to identify the necessary elements of statements and interpret them accurately.

Inspire London College’s management and teaching staff will be there for your assistance for 24 hours a day and 7 days in a week. After enrolling for this course you will get access to our Virtual Learning Environment (VLE)/Moodle and all the study material and assessment will be available at VLE/Moodle.

Description

Course Benefits

  • Flexible learning
  • No exams, Assignments based
  • 100% success rate
  • Personal Tutor is Available

Learning Objectives

  • After taking this course the learners will be able to understand;
  • The different types of statements within the business
  • Purpose and objective of producing the financial statements
  • Different elements of a financial statement
  • How to prepare and interpret the financial statements

Course Content

This unit will cover the following topics;

  • The elements of financial statements
  • Recognition of the elements of financial statements
  • Applying the recognition criteria
  • The main financial statements
  • Purpose of financial statements
  • Statement of changes in equity

Who is this course for?

This course will help the learners who want to understand the financial statement and want to prepare and interpret them. The business owners, newly recruited employees, professionals who are given the task for producing and interpreting the financial statements can take this course.

Requirements

Students seeking to enrol for this course should meet the following requirements;

  • Basic knowledge of English Language
  • Be age 16 years or above

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

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.
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