Diploma in Accounting - Level 3
Learn from scratch to advanced level of Bookkeeping, Financial Accounting, Management Accounting & VAT.
Accounting Lecture
Summary
- Reed courses certificate of completion - Free
- Certificate of completion - £10
- Tutor is available to students
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Overview
Learn beginners to advanced level of Bookkeeping , Financial accounting, Final accounts preparation, Management Accounting & UK VAT from zero to pro. Get a certificate of double recognition from Reed & Accounting Lecture at the end of the course, boost your CV & keep your boss happy with impressive work.
This is a comprehensive Accounting, Bookkeeping & VAT course which will increase your confidence in daily accounting work.
This course is will help you to pass AAT level 2 & 3, CAT, ACCA, CIMA AQA A level accounting exam, HNC, HND as well as other professional & academic exams.
The course is developed with years of research , guided by a Chartered Accountant & experienced UK lecturer.
You may claim CPD hours after course completion.
Certificates
Reed courses certificate of completion
Digital certificate - Included
Will be downloadable when all lectures have been completed
Certificate of completion
Hard copy certificate - £10
Hard copy of certificate available at an additional cost
Curriculum
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Bookkeeping transactions 1:25:32
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Accounting principles 53:25
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Purchase of non current assets 58:06
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Depreciation of non current assets 1:22:08
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Disposal of non current assets 1:52:31
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Accruals & prepayments 2:18:08
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Inventories 40:45
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Irrecoverable & doubtful debts 46:02
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Bank reconciliation statements (BRS) 1:02:23
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Control accounts 1:25:25
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Suspense accounts 43:25
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Extended trial balance 47:35
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Organisations & their final accounts 44:36
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Incomplete records 1:36:13
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Accounts for sole trader 1:23:43
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Partnership accounting 2:02:12
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Company accounts basics 40:38
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Introduction to management accounting 31:53
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Cost classification & cost behaviour 54:04
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Material cost & inventory valuation 1:45:54
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Labour cost 1:10:18
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Allocation & apportionment 1:15:31
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Absorption costing 1:21:59
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Job batch & service costing 23:23
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Process costing losses 43:09
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Process costing WIP 41:32
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Flexible budget 46:13
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Variance analysis 25:51
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Cost Bookkeeping 56:48
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Marginal costing 42:49
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CVP analysis/Short term decision making 46:29
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Long term decision making (Payback NPV & IRR) 44:45
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Introduction to VAT 11:39
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VAT basics 47:44
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Input & output VAT 45:52
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Accounting for VAT 45:53
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The VAT return 1:10:55
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VAT schemes for small businesses 34:05
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VAT administration 41:08
Course media
Description
Your practice to pass course of (AVBK) Advanced Bookkeeping, final accounts preparation (FAPR), Management accounting costing (MMAC) & Indirect Tax (VAT). You will learn from Zero to pro.
*Comprehensive pre-recorded bite size hd video lectures using BPP materials.
*Course materials can be accessed online.
*Short quizzes.
*All questions and test your learnings covered from text book.
*Many hours of lectures in small videos.
*Guaranteed satisfaction & plenty of practice.
*Revision mock video.
*Social media Student community where thousands students getting help and sharing resources.
*Top AAT country leading tutor.
ENROLL THE COURSE TODAY & POLISH YOUR ACCOUNTING SKILLS.
YOU ARE GOING TO LEARN THE FOLLOWING TOPICS:
Advanced Bookkeeping
Bookkeeping transactions
- Books of prime entry
- Sales related day books
- Purchases related day books
- Double entry
- Activity 1
- Balancing accounts
- VAT
- Trial Balance
- Questions
Accounting principles
- Simple SOFP Proforma
- Simple SPL Proforma
- Accounting Equation
- Organisational Policies & Procedures
- Ethical Fundamental principles
- Threats to fundamental principles
- Test your understanding
Purchase of non current assets
- Introduction of non current assets
- Capital Vs Revenue Expenditure
- VAT on Non current asset
- Authorising Capital expenditure
- Accounting of Non Current assets
- Test Your understanding
Depreciation of non current assets
- Intro & What is depreciation
- Straight line depreciation
- Diminishing method
- Units of production method
- Assets acquired part way through
- Accounting for depreciation
- Test Your Understanding
Disposal of non current assets
- Introduction
- Disposal of non current assets
- Part Exchange
- Assets disposed partway through
- Non current asset register
- Question practice
- Summary double entry
- Test your understanding
Accruals & prepayments
- Accruals of expenses
- Reversal of accruals
- Prepaid expenses
- Reversal of prepaid expenses
- Accrued income
- Reversal of accrued income
- Prepaid income
- Reversal of prepaid income
- PAPA ALLA
- Trial balance extract
- Summary
- Test your understanding
Inventories
- Inventory intro & Cost of goods sold
- Inventory Quantity & valuation
- Calculating cost of inventory from selling price
- Fifo,Lifo & Avco theory
- Closing inventory reconciliation
- Test your understanding
Irrecoverable & doubtful debts
- Introduction
- Irrecoverable debt
- Recovery of irrecoverable debt
- Doubtful debt
- Adjustment of allowance for doubtful debt)
- summary
- Test your understanding
Bank reconciliation statements (BRS)
- BRS reason of differences in cash book & bank statement balance
- Steps to update cash book & BRS
- BRS long question Activity 1
- Assessment question 1
- Assessment style Activities
- Knowledge test activity
- Test your understanding
Control accounts
- Introduction
- SLCA
- PLCA
- Reconciling supplier statement
- Discounts
- Contra entry
- activity 1 & 2
- Assessment style question 1
- Assessment style question 2
- Payroll
- Test your understanding
Suspense accounts
- Introduction
- COPCOR errors not shown by trial balance
- Errors cause imbalance in trial balance
- Suspense accounts
- Adjustments & extended trial balance
- Trial balance extract activities
- Test your understanding
Extended trial balance
- Introduction
- Extended TB Activity 1
- Adjustments recap
- Inventories in ET
- Completing ET
- Final steps
Final Accounts Preparation
Organisations & their final accounts
- Types of business
- Companies act
- LLP
- Ethics
- Threats to ethical independence
- Data protection & security
Incomplete records
- Introduction & errors in accounts
- VAT recap
- SLCA, VAT & Bank
- PLCA, SLCA & Bank
- Markup & margin
- Accounting Equation
- Goods drawings
- Test your learning
Accounts for sole trader
- SPL Proforma
- SOFP proforma
- Examples of SPL & SOFP
- Assessment style task
- COGS in Trial balance
- Test your learning
Partnership accounting
- partnership agreement
- Appropriation & current account
- Capital account
- Financing section
- Activity 1
- Activity2
- Current account debit balance
- Changes to partnership
- Goodwill
- SOFP
- Test your learning
Company accounts basics
- Introduction
- GAAP
- What are accounting standards
- Purpose of financial statements
- Conceptual framework
- Accounting Principles
- SPL & SOFP layout of Company
- Notes to Financial statements
Management Accounting
Introduction to management accounting
- Introduction
- Cost unit & cost card
- Segmented cost
- Ethical principles
- Responsibility centres
- Test your learning
Cost classification & cost behaviour
- Introduction
- Capital & revenue expenditure
- Classification by function
- Cost behaviour
- High low method
- Test your learning
Material cost & inventory valuation
- Introduction
- Ordering & receiving raw materials
- Direct & indirect costs
- Inventory costs & control formulas
- EOQ
- Fifo Lifo Avco intro
- Example of Fifo
- Example of Lifo
- Example of AVCO
- Activity 4
Labour cost
- Introduction of labour cost
- Overtime & premium
- Piecework System
- Bonus & Incentive scheme
- Recording labour costs
- Wages control account payroll
Allocation & apportionment
- Introduction
- Absorption
- Allocation & apportionment basics
- Illustration 1
- Activities on apportionment & allocation
- Reapportionment
- Activities on reapportionment
Absorption costing
- Introduction
- Absorption cost basics
- OAR Activities
- Over & Under Absorption
- Activities on Over-Under absorption
- Accounting for overhead absorption
- ABC & Absorption costing
- Activity 8 on ABC
- Test your learning
Job batch & service costing
- Job costing
- Batch & service costing
- Test your Learning
Process costing losses
- Process cost with no loss
- Normal loss & scrap value
- Abnormal losses & gain
- Test your learning
Process costing WIP
- Equivalent units
- Different stages of completion
- Opeing WIP using Fifo & Avco
- Activity 2 on FIFO & AVCO WIP
- Test your learning
Flexible budget
- Fixed & Flexible budget explained
- Activities
- Test your learning
Variance analysis
- Fixed & flexible budget recap
- Investigating variances
- Test your learning
Cost Bookkeeping
- Introduction
- Basic double entry of materials movement
- Production overhead
- Summary of cost bookkeeping double entry
- Coding journals
- Illustration 1 T accounts
Marginal costing
- Marginal cost & contribution
- Absorption Vs Marginal costing
- Activity 2 & 3
- AC vs MC effect on profit
- Activity 4 & 5
- Test your learning
CVP analysis/Short term decision making
- Break even point
- CS ratio
- Margin of safety
- Target profit
- BEP & PV charts
- Limiting factor analysis
- Activity 6 & 7
Long term decision making (Payback NPV & IRR)
- Introduction
- Payback period
- Activity on payback
- NPV
- NPV activities
- IRR
UK VAT
Introduction to VAT
- Introduction
- Collection of VAT
- Test your learning
VAT basics
- VAT Scopes
- Compulsory registration
- Voluntary registration & deregistration
- Test your learning
Input & output VAT
- Introduction
- Inclusive & exclusive VAT calculation
- Irrecoverable input VAT
- Partially exempt traders
- Overseas Transactions
- Test your learning
Accounting for VAT
- Introduction
- Keeping records
- VAT Invoice
- VAT & Discounts
- Credit note & Debit note
- Tax Point
- VAT & Bad debts
The VAT return
- Introduction
- VAT Control Account
- Irrecoverable VAT
- Bad debt relief
- Books of prime entry
- VAT period
- Clearing VAT & Correcting error
- VAT return 9 boxes
- Illustration2 on VAT return
- Activity 5 David Ltd
- Submission Deadline & MTD (Making Tax Digital)
VAT schemes for small businesses
- Introduction
- Cash accounting scheme
- Annual Accounting Scheme
- Flat rate scheme
- Test your learning
VAT administration
- Introduction
- Errors
- Penalties
- Communications
- Ethics
- Test your learning
Who is this course for?
- Anyone dealing with daily bookkeeping & accounting.
- Accounts assistants or trainee.
- Management accountants.
- HMRC officers.
- AAT level 3 students.
- A businessman who wants to run own bookkeeping & accounting system.
- Job seekers in Accounting & Bookkeeping.
- Aspiring accounting students who wants to gain a diploma certificate in accounting.
Requirements
Prior accounting & bookkeeping knowledge is advantageous but not necessary
Career path
After successful completion of this course, you may apply for the following jobs:
- A professional bookkeeper, financial accountant & management accountant.
- A senior bookkeeper
- An accounts assistant
- A sales/purchase ledger clerk.
- Bank reconciliation clerk.
- Can join AAT level 4.
- Can progress in professional accounting studies.
- Can be VAT expert.
- Can be management accountant.
Questions and answers
I have a master degree in Accounting and finance, if I study this qualification, could i than move on to ACCA or Cima qualifications?
Answer:This should help in ACCA, Cima and AAT courses exam preparation .
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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.
