Accounting & Finance Level 5

Training Tale

Certificate of completion

Hard copy certificate - £18.99

Accounting & Finance Level 5

Included in course price

***Accounting & Finance - Level 5***

Detailed Course Curriculum of this Accounting & Finance - Level 5 Course:

Module 1: Essentials of Accounting and Finance

• Identify the Non-Financial Manager’s Concern with Finance
• The Importance of Finance
• Financial and Operating Environment

Module 2: Types of Cost Data and Cost Analysis

• The Importance of Cost Data
• Types of Costs
• How Do Your Costs Behave?
• Segregating Fixed Cost and Variable Cost
• Cost Allocation
• Cost Analysis
• What You Can Learn from the Japanese?

Module 3: Contribution Analysis

• Should You Accept a Special Order?
• How Do You Determine a Bid Price?
• Determining Profit from Year to Year
• Are You Utilising Capacity?

Module 4: Break-Even and Cost-Volume-Profit Analysis

• What is Cost-Volume-Profit Analysis?
• What and Why of Break-Even Sales?
• What is the Margin of Safety?
• Cash Break-Even Point
• What is Operating Leverage?
• Sales Mix Analysis

Module 5: Relevant Cost and Making Short-Term Decisions

• What Costs Are Relevant to You?
• Accepting or Rejecting a Special Order
• Pricing Standard Products
• Determining Whether to Sell or Process Further
• Adding or Dropping a Product Line
• Utilising Scarce Resources
• Don’t Forget the Qualitative Factors

Module 6: Forecasting Cash Needs and Budgeting

• Forecasts
• Using Forecasts
• Preparing Financial Forecasts
• Budgets
• The Sales Budget
• The Production Budget
• The Direct Material Budget
• The Direct Labour Budget
• The Factory Overhead Budget
• The Ending Inventory
• The Selling and Administrative Expense Budget
• The Cash Budget
• The Budgeted Income Statement
• The Budgeted Balance Sheet
• A Shortcut Approach to Formulating the Budget

Module 7: Cost Control and Variance Analysis

• Defining a Standard
• The Usefulness of Variance Analysis
• Setting Standards
• Determining and Evaluating Sales Variances
• Cost Variances
• Labour Variances
• Overhead Variances
• The Use of Flexible Budgets in Performance Reports
• Standards and Variances in Marketing
• Sales Standards
• Variances in Warehousing Costs

Module 8: Managing Financial Assets

• Working Capital
• Financing Assets
• Managing Cash Properly
• Getting Money Faster
• Delaying Cash Payments
• Opportunity Cost of Foregoing a Cash Discount
• Volume Discounts

Module 9: Managing Accounts Receivable and Credit

• Credit References
• Credit Policy
• Analysing Accounts Receivable

Module 10: Managing Inventory

• Inventory Management Considerations
• Inventory Analysis
• Determining the Carrying and Ordering Costs
• The Economic Order Quantity (EOQ)
• Avoiding Stock Outs
• Determining the Reorder Point or Economic Order Point (EOP)
• The ABC Inventory Control Method
• Supply Chain Management

Module 11: The Time Value of Money

• Future Values – How Money Grows
• Future Value of an Annuity
• Present Value – How Much Money is Worth Now?
• Present Value of Mixed Streams of Cash Flows
• Present Value of an Annuity
• Perpetuities
• Applications of Future Values and Present Values

Module 12: Capital Budgeting Decisions

• Types of Investment Projects
• What Are the Features of Investment Projects?
• Selecting the Best Mix of Projects With a Limited Budget
• Income Taxes and Investment Decisions
• Types of Depreciation Methods
• How Does MACRS Affect Investment Decisions?
• The Cost of Capital

Module 13: Improving Managerial Performance

• What is Return on Investment (ROI)?
• What Does ROI Consist of? - Du Pont Formula
• ROI and Profit Objective
• ROI and Profit Planning
• ROI and Return on Equity (ROE)

Module 14: Sources of Short-Term Financing

• Trade Credit
• Cash Discount
• When are Bank Loans Advisable?
• Working with a Bank
• Issuing Commercial Paper
• Using Receivables for Financing
• Using Inventories for Financing

Module 15: Considering Term Loans and Leasing

• Intermediate-Term Bank Loans
• Using Revolving Credit
• Insurance Company Term Loans
• Financing with Equipment
• Leasing

Module 16: Long-Term Debt and Equity Financing

• Types of Long-Term Debt
• Equity Securities
• How Should You Finance?

Module 17: Accounting Conventions and Recording Financial Data

• Double Entry and the Accounting Equation

Assessment Method

After completing each module of the Accounting & Finance - Level 5 course, you will find automated MCQ quizzes. To unlock the next module, you need to complete the quiz task and get at least 60% marks. Once you complete all the modules in this manner, you will be qualified to request your certification.

Certification

After completing the MCQ/Assignment assessment for this Accounting & Finance - Level 5 course, you will be entitled to a Certificate of Completion from Training Tale. It will act as proof of your extensive professional development. The certificate is in PDF format, which is completely free to download. A printed version is also available upon request. It will also be sent to you through a courier for £18.99.

Accounting & Finance - Level 5

This Accounting & Finance - Level 5 course is ideal for:

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

Accounting & Finance - Level 5

Students who intend to enrol in this Accounting & Finance - Level 5 course must meet the following requirements:

• Good command of the English language
• Must be vivacious and self-driven
• Basic computer knowledge
• A minimum of 16 years of age is required

Accounting & Finance - Level 5

This Accounting & Finance - Level 5 course may lead you to a variety of career opportunities.

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

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