Accounting Principles and Financial Practice – Level 3

Course Line On Demand

• Disclaimer 01:00

  • 1: Disclaimer 01:00

• Lecture 1: Advanced Bookkeeping 10:00

  • 2: Lesson 1 - Introduction to advanced bookkeeping 02:00
  • 3: Lesson 2 - Accounting for depreciation 02:00
  • 4: Lesson 3 - Accounting for accruals and prepayments 02:00
  • 5: Lesson 4 - Reconciliation of control accounts 02:00
  • 6: Lesson 5 - Correction of errors and suspense accounts 02:00

• Lecture 2: Final Accounts Preparation 10:00

  • 7: Lesson 1 - The accounting principles and concepts for final accounts 02:00
  • 8: Lesson 2 - Preparing final accounts for sole traders and partnerships 03:00
  • 9: Lesson 3 - Preparing final accounts for limited companies 02:00
  • 10: Lesson 4 - Interpretation of financial statements 03:00

• Lecture 3: Management Accounting: Costing 13:00

  • 11: Lesson 1 - Cost classifications and behavior 02:00
  • 12: Lesson 2 - Job costing and batch costing 03:00
  • 13: Lesson 3 - Process costing 03:00
  • 14: Lesson 4 - Absorption and marginal costing 02:00
  • 15: Lesson 5 - Cost-volume-profit (CVP) analysis 03:00

• Lecture 4: Indirect Tax 12:00

  • 16: Lesson 1 - Introduction to indirect tax (VAT) 03:00
  • 17: Lesson 2 - VAT registration and compliance 03:00
  • 18: Lesson 3 - VAT returns and payments 02:00
  • 19: Lesson 4 - VAT schemes 02:00
  • 20: Lesson 5 - VAT errors and adjustments 02:00

• Lecture 5: Ethics for Accountants 12:00

  • 21: Lesson 1 - Ethics and ethical dilemmas in accounting 03:00
  • 22: Lesson 2 - Ethical codes and professional conduct 03:00
  • 23: Lesson 3 - Handling unethical behavior 03:00
  • 24: Lesson 4 - Whistleblowing and the role of regulatory bodies 03:00

• Lecture 6: Spreadsheets for Accounting 09:00

  • 25: Lesson 1 - Introduction to spreadsheet software (e.g., Microsoft Excel) 02:00
  • 26: Lesson 2 - Using Excel for accounting and financial calculations 02:00
  • 27: Lesson 3 - Creating financial models and reports 02:00
  • 28: Lesson 4 - Data analysis and visualization in Excel 03:00

• Assessment 14:00

  • 29: Final exam 14:00

This Accounting Principles and Financial Practice – Level 3 course consists of six structured lectures followed by an assessment, each introducing a core area of accounting knowledge and practice awareness.

The course begins with advanced bookkeeping, building understanding of financial records, double-entry principles, and maintaining accurate accounting information. Learners then explore final accounts preparation, focusing on the purpose and structure of financial statements and basic reporting concepts.

Management accounting and costing introduce cost classification, cost behaviour, and basic costing methods used to support internal decision-making. Indirect tax provides an overview of indirect taxation principles, including awareness of tax calculations and compliance considerations without providing tax advisory training.

Ethics for accountants explores ethical principles, professional behaviour, and integrity within accounting contexts, highlighting the importance of ethical decision-making in financial roles. Spreadsheets for accounting introduce the use of spreadsheet tools to organise, analyse, and present financial data in accounting-related tasks.

The course concludes with an assessment designed to evaluate learners’ understanding of accounting principles and financial practice awareness.

Certification

Upon successful completion of the Accounting Principles and Financial Practice – Level 3 course, learners receive a free digital certificate of course completion issued by Reed.
A provider-issued course completion certificate is also available following verification of completion. Optional premium certificates and academic transcripts may be ordered separately for an additional cost.

All certificates issued confirm participation and course completion only and do not represent a regulated qualification, professional licence, accounting certification, or authorisation to practise.

This Accounting course is suitable for learners who are new to accounting or who wish to gain a basic academic understanding of accounting principles and financial practices. It is ideal for aspiring accounting support staff, finance assistants, administrative professionals, small business owners, or individuals considering further study in accounting or finance-related disciplines.

No formal qualifications or prior accounting experience are required to enrol on this Accounting course. Learners should have a basic standard of English, access to the internet, and a computer, tablet, or smartphone. Completion of the assessment is required to successfully finish the course.

Completion of this course may support progression into entry-level accounting or finance support roles, such as accounts assistant, bookkeeping support, or finance administration. It may also support preparation for further academic study in accounting, finance, or related disciplines.

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