Accounting

Accounting Introduction

Accounting / Accountancy is one of the most worthwhile disciplines that provide the learners many opportunities for their development. By definition and nature, the accounting is a process of recording, examining and evaluating the business transitions and communicates that information to decision makers for strategic planning. In the contemporary business world, the role of accounting systems and accountants is of great importance because all the financial transactions are based on these systems and professional accountants handle this information.

This unit is designed comprehensively for the learners to provide them an inclusive introduction to accounting and its role in modern businesses. Unit covers the topic such as the fundamental concept of accounting, the purpose of accounting information system, scope of financial reporting and significance of financial reporting from the stakeholder’s perspective. In addition to this, the unit also includes the topics such as the control of business transactions through accounting, the different type of accounting systems and information provided by the financial accounting system.

The aim of this unit is to provide the learners a foundation for their continuing professional development and through this course they will be able to understand the basic knowledge about the accounting and will be able to develop the necessary skills required in modern accounting systems.

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.

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 basic concept of accounting
• Different types of businesses and importance of accounting in the modern business environment
• Principles and scope of the financial reporting system
• The need for accounting information systems for the stakeholders
• How to control business transactions in different types of businesses
• Understand the different types of accounting systems and their productivity
• The type of information that can be evaluated by the accounting system

Topics Covered

• The purpose of accounting information
• Nature, Principles and Scope of Financial Reporting
• Users' and stakeholders' needs
• The need for financial accounting systems
• Control over business transactions
• Manual and computerised accounting systems
• The information provided by financial accounting systems

This course is useful for the new learners and for professionals who are recently recruited in a different type of organisations. In addition to this, the course is also helpful for the self-employed people to manage their own transactions and understand the role of accounting. Employees working in banks and financial organisations can also take this course to understand the role of accounting in modern businesses.

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

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

Currently there are no Q&As for this course. Be the first to ask a question.

Certificate of completion

Digital certificate - Included