South London College
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Financial reporting is a vital part of an organisation that keeps track of its financial progress. Without proper financial accounting, it would be impossible to determine the success of a business, which is why employers look for skilled and talented financial accountants to take over the job. Ongoing education is essential for professionals within this industry and this diploma in financial reporting and taxation – level 4 has been developed exactly for that purpose. This extensive course will relay the latest financial and taxation aspects to help you advance your financial reporting and taxation career.
This insightful course will first enlighten you on the role, duties and responsibilities of financial accounting and tax. All the accounting and financial reporting regulations and ISAB accounting framework will be presented through this course, after which you will explore the various financial statements needed for an effective financial accounting process. This course will also walk you through the accounting standards, principles and policies that has to be followed while carrying out the accounting process.
This course will then move onto taxation by teaching you about taxes, types of taxes and taxes in financial statements. You will get to delve into the whole concept of international and financial statement taxes, employee benefits, corporate governance, ethics and financial reporting, capital management and many more that will further solidify your knowledge on financial accounting and taxation.
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 2 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.
*South London College 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
What Will I Learn?
- Gain a clear understanding of your job role in accounting and tax
- Become an expert at producing financial statements
- Gain a thorough understanding of taxes, types of taxes and taxes in financial statements
- Learn about employee benefits.
- Understand accounting standards, principles and policies.
- Learn about financial statements covering associates
1: Regulation Of Accounting And Financial Reporting
2: Iasb Accounting Framework
3: Introduction To The Financial Statements
4: Ias 2 Inventories And None Current Assets
5: Intangible Assets
6: Producing Financial Statements
7: The Statement Of Cash Flows
8: Group Accounts
9: The Statement Of Financial Position
10: The Income Statement
12: The Accounting Standards
13: Employee Benefits
14: Tax Overview
15: Types Of Tax
16: International Tax And Tax In The Financial Statements
17: The Role Of The External Auditor
18: Corporate Governance
19: Ethics And Financial Reporting
20: Managing Capital Management
21: Receivables And Payables Management
22: Inventories And Cash Management
23: Short Term Finance And Investment
The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.
Method of Assessment
In order to complete the Diploma in Financial Reporting and Taxation – Level 4 successfully, all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments.
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).
Course Code: QLS-04457
Awarding 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?
- Accounts Officer
- Accountant, Accounts Executive
- Tax Accountant
- Account Assistant
- Anyone who is looking to gain knowledge and skills in Financial Reporting and Taxation.
- Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
- A recognised qualification at level 3 or above in any discipline.
- 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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