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.
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 .
This was helpful.
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
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