Mastering Financial Accounting

Certificate in Financial Accounting - Level 3

A qualification in finance is incredibly useful and could help you gain employment not just in financial roles, but also in a range of public and private sector organisations. This course (USA Standards) will demonstrate to prospective employers that you have sound analytical, numerical, and decision making skills, so will be an enhancement to any CV. Upon successful completion of this course, you will have a thorough understanding of financial statements, mechanics of the accounting cycle, merchandising operations, and much more. If you want to progress in your career in finance, the course in Mastering Financial Accounting is a good fit for your career. It is a practical course that will for you to develop your skills and learn to manage your finances or the finances of your organisation. You will master the concept of financial accounting, learn profit and loss, revenue or debit and how to balance your books.

Learning with Study 365 has many advantages. The course material is delivered straight to you and can be adapted to fit in with your lifestyle. It is created by experts within the industry, meaning you are receiving accurate information, which is up-to-date and easy to understand.

This course is comprised of professionally narrated e-Learning modules, interactive quizzes, tests, and exams. All delivered through a system that you will have access to 24 hours a day, 7 days a week for 365 days (12 months).

Please Note: This Course is Based on USA Standards

Here's a great opportunity to receive a valuable printed certificate and a Learner Unit Summary from Quality License Scheme or by Study365. These will be printed on high quality paper with the embossed official stamp respectively by Quality License Scheme or Study365.

This online training course is comprehensive and designed to cover the key topics listed under the curriculum.

Course Curriculum

Module 01 : What is Accounting

• What is accounting and what is its purpose
• Why is accounting is important
• How does accounting relate to business
• What Are Financial Statements?
• Introduction
• Accounting principles

Module 02 : A Review of The Accounting Cycle and Preparing Financial Statements

• A Review of the Accounting Cycle
• The accounting equation definition and components

Module 03 : Internal Control in Accounting Systems

• Internal Control in Accounting Systems Part 1
• Financial information
• Why is financial information important
• Reporting errors
• Disagreements in judgments
• Fraudulent financial reporting
• Internal Control in Accounting Systems – Part 2
• Bank reconciliation

Module 04 : Merchandise Management & Inventory Control

• Merchandise Management & Inventory Control Part 1
• Merchandising company definition, activities and income components
• Merchandise inventory
• Inventory cost
• Inventory purchases
• Merchandise Management & Inventory Control Part 2
• Inventory counting process & methods
• Why take inventory?
• How to take inventory
• Misstating inventory
• Perpetual inventory systems
• Inventory valuation
• Specific identification

Module 05 : Learn Basic Receivables Accounting, Accounting Compensation and Expense Accounting

• Learn Basic Receivables Accounting
• Definition, process &examples
• Accounting for uncollectable accounts
• Notes receivable defined
• Receivable defined
• Accounting for Sales, Property, Income Taxes and Employee Compensation
• Depreciation Expense Accounting

Module 06 : Accounting for Current and Long-Term Liabilities

• Accounting for Current and Long-Term Liabilities – Part 1
• What are current and long-term liabilities
• Current liability examples
• Long term liability examples
• Known liabilities: definition & types
• What are known liabilities
• Known liability by contract
• Known liability by law
• Property tax as an estimated liability
• Long term liabilities & annuities
• What are long term liabilities
• Accounting for Current and Long-Term Liabilities – Part 2
• Bonds: types, characteristics and issuing procedures
• Secured and unsecured bonds

Module 07 : Introduction to Corporation and Stockholders’ Equity

• Introduction to Corporation and Stockholders’ Equity
• What is a corporation
• Types of corporations
• How to start a corporation
• Components of stockholder equity

Module 08 : Financial Accounting & Financial Statement Analysis

• Financial Accounting & Financial Statement Analysis – part 1
• Financial statement analysis
• Liquidity ratio
• Profitability ratio
• Ratio analysis
• What is vertical analysis
• Balance sheet
• Financial Accounting & Financial Statement Analysis – part 2
• What are financial ratios
• The current ratio
• Debt ratio
• Gross margin
• Inventory ratio
• Day sales in inventory
• Asset turnover ratio
• What are financial leverage ratios
• Debt-to-equity ratio
• Interest coverage ratio
• Comparing ratios

Course Duration:

You will have 12 Months access to your online study platform from the date you purchased the course. The course is self-paced so you decide how fast or slow the training goes. You can complete the course in stages revisiting the training at any time.

Method of Assessment:

At the end of the course learners will also take an online multiple choice questions assessment test. This online multiple choice questions test is marked automatically so you will receive an instant grade and know whether you have passed the course.

Option 1 -Quality License Scheme

Successful learners will receive an Endorsed Quality License Scheme Accredited Certificate issued by Quality License Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course) for only £49.

Option 2 -CPD Certificate

Successful learners will receive an Endorsed CPD Accredited Certificate for only £29.

Certification:

Successful candidates will be awarded a Certificate in Financial Accounting - Level 3. These are printed on high grade paper embossed with official Study365 or Quality License Scheme. It is delivered right to your place in a hard back envelope to keep it in pristine condition.

Why Choose Us?

• High quality resources and mock exams
• Course material that has been created by industry leading experts
• 24/7 access to our learning portal
• The ability to apply for a TOTUM discount card
• A well-recognised accredited qualification
• Excellent customer service and administrative support
• Access to a course forum where students can discuss their experiences
• Technical support and live chat service to answer enquiries
• Outstanding support from a tutor via email

This course is suitable for:

• Job seekers
• School leavers
• Recent graduates
• Business owners
• Business managers
• Anyone pursuing a career in finance
• Entrepreneurs

This course requires no formal prerequisites and this certification is open to everyone

Having a qualification in finance will open many doors to you, since employers tend to be impressed by potential employees who are qualified in finance. some of the key job positions along with the average UK salary per annum you can go for after completing this course will be as follows.

• Accountant - £28,571 per annum
• Accounting Clerk - £17,676 per annum
• Financial Controller - £47,086 per annum