Diploma in Basic Financial Reporting and Tax Revenue - Level 4



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Offer ends 07 July 2020
Study method
Online, self-paced
180 Hours
Access to content
365 Days
No formal qualification
Endorsed by ABC Awards
Additional info
  • Exam(s) / assessment(s) not included in price & must be purchased separately
  • Certificate of completion available to purchase separately
  • TOTUM card is available to purchase separately What's this?

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Financial reporting is a process that keeps track of the financial transaction of an organisation, whereas taxation is an amount charged by the government on a taxpayer. Both of these concepts are related, and understanding the basics of both the concepts can take you to great heights in your financial career.

This Diploma in Basic Financial Reporting and Tax Revenue – Level 4 has gone beyond expectation to expand your knowledge on financial accounting and taxation. This course, with its well narrated modules, will explore the regulation of financial and accounting reporting to help you adhere to them as required. A few modules will guide you on how to produce accurate trial balance and other financial statements, all the while familiarising you with the accounting standards that define the basis of financial accounting policies and procedures.

The learning materials have done justice to the course title by delving into topics such as tax, international tax and tax in the financial statements. Furthermore, this course is also focused on discussing the lasb accounting framework and the ethics in financial reporting to bring you out as a highly sought after financial accounting professional within the industry.

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

*Study365 is an approved reselling partner for ABC Awards courses under Global Edulink

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales


Endorsed by ABC Awards

Course media


What will I Learn?

  • Understand the regulation of financial and accounting reporting
  • Explore the lasb accounting framework
  • Discover how to produce accurate trial balance and other financial statements
  • Familiarize with the accounting standards that define the basic of financial accounting policies and procedures
  • Learn about tax, international tax and tax in the financial statements
  • Discover the ethics in financial reporting

Course Curriculum

1: Understanding The Accounting And Financial Reporting Regulations

2: Understanding The Iasb Framework

3: What Is Financial Statement

4: Introduction To The Ias 2 Inventories And None Current Assets

5: Ias 38 Intangible Assets

6: Creating Producing Financial Statements

7: The Cash Flows Statement

8: Introduction To Group Accounts

9: Basic Principals Of The Statement Of Financial Position

10: What Is Income Statement

11: Definition Of Associate

12: Understanding The Accounting Standards

13: Ias19 Employee Benefits

14: Introduction To Tax

15: Identify The Tax Types

16: Introduction To The International And Financial Statement Taxation

17: Who Is An External Auditor

18: Understanding The Corporate Governance

19: Introduction To Ethics And Financial Reporting

20: Working Capital Management

21: How To Manage Receivables And Payables

22: Efficient Manage Of Inventories And Cash

23: Introduction To The Short Term Finance And Investment

Method of Assessment

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 04 installments when you are submitting your assessments.


At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Accredited Body

Accredited body (Accreditation) ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Who is this course for?

This course might suit anyone aspiring to get into or progress within the finance or accounting industry


  • Learners must be age 19 or over and should have a basic understanding of the English Language, numeracy, literacy, and ICT.
  • A recognised qualification at level 3 or above in any discipline.

Career path

  • Accountant – £28,565 per annum
  • Tax Accountant – £29,001 per annum
  • Accounts Assistant – £18,883 per annum
  • Accounts Executive – £22,243 per annum
  • Staff Accountant – £24,115 per annum
  • Accounting Assistant – £20,352 per annum
  • Accounting Clerk – £17,609 per annum
  • Accounts Payable Clerk – £19,801 per annum

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What does study method mean?

Study method describes the format in which the course will be delivered. At 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.

What are CPD hours/points?

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, many of which can be completed online.

What is a ‘regulated qualification’?

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.

What is an ‘endorsed’ course?

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 ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


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