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Financial Accounting Principles – Level 3 cover image

Financial Accounting Principles – Level 3
Course Line On Demand

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Summary

Price
£19.99 inc VAT
Study method
Online, On Demand 
Duration
1.8 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Assessment details
  • Final Exam (included in price)
Additional info
  • Tutor is available to students
12 students purchased this course

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Overview

The Financial Accounting Principles – Level 3 course is designed to provide learners with a foundational understanding of financial accounting concepts and practices from an academic and professional awareness perspective. The course explores how financial information is recorded, processed, and presented to support financial understanding and decision-making within organisations.

Learners develop understanding of core areas of financial accounting, including recording financial transactions, preparing financial statements, revenue and expense accounting, cash flow management, and basic financial analysis. The course also introduces accounting ethics and regulatory awareness relevant to financial reporting environments.

This course is knowledge-based and non-regulated. It does not provide professional accounting qualification, licensing, or authorisation to practise financial accounting. Instead, it supports foundational knowledge, financial literacy, and progression readiness for individuals interested in accounting support roles or further study in accounting and finance-related disciplines.

Certificates

Assessment details

Final Exam

Included in course price

Curriculum

12
sections
32
lectures
1h 45m
total

Description

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

The course begins with an introduction to financial accounting, outlining its purpose, scope, and role in recording and reporting financial information. Learners then explore recording financial transactions, focusing on basic accounting entries, source documents, and the structure of accounting records.

Financial statements introduce the purpose and components of key financial reports, including statements of financial position and income statements. Revenue recognition and expense accounting examine how income and expenses are identified, measured, and recorded in line with accounting principles.

Cash flow and working capital explore the importance of liquidity, cash management, and short-term financial control. Inventory and fixed assets introduce basic accounting treatment of stock, depreciation, and asset management.

Bank reconciliation and petty cash focus on reconciling accounting records with bank statements and managing small cash balances. Financial ratios and analysis introduce basic ratio interpretation to support understanding of financial performance and position.

Regulatory framework and ethics provide awareness of accounting standards, ethical principles, and professional responsibilities in financial accounting contexts, without providing regulatory authority or compliance certification. The course concludes with revision and practice to reinforce understanding across all topics.

Certification

Upon successful completion of the Financial Accounting Principles – 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.

Who is this course for?

This Financial Accounting course is suitable for learners who are new to accounting or who wish to gain a basic academic understanding of financial accounting principles. 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.

Requirements

No formal qualifications or prior experience are required to enrol on this Financial 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.

Career path

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

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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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Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2026. All rights reserved.