Financial Reporting and Taxation

Diploma in Financial Reporting and Taxation at QLS Level 4

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 at QLS Level 4 (USA Standards) 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.

**This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website**

Please Note: This Course is Based on USA Standards

Why study at 1Training?

1Training offers the most convenient path to gain skills and training that will give you the opportunity to put into practice your knowledge and expertise in an IT or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material which includes Free CV writing pack to make your learning experience enriching and rewarding.

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.

COURSE CURRICULUM

Module 01 : Regulation of Accounting and Financial Reporting

Module 02 : IASB Accounting Framework

Module 03 : Introduction to the Financial Statements

Module 04 : IAS 2 Inventories and None Current Assets

Module 05 : Intangible Assets

Module 06 : Producing Financial Statements

Module 07 : The Statement of Cash Flows

Module 08 : Group Accounts

Module 09 : The Statement of Financial Position

Module 10 : The Income Statement

Module 11 : Associates

Module 12 : The Accounting Standards

Module 13 : Employee Benefits

Module 14 : Tax Overview

Module 15 : Types of Tax

Module 16 : International Tax and Tax in the Financial Statements

Module 17 : The Role of the External Auditor

Module 18 : Corporate Governance

Module 19 : Ethics and Financial Reporting

Module 20 : Managing Capital Management

Module 21 : Receivables and Payables Management

Module 22 : Inventories and Cash Management

Module 23 : Short Term Finance and Investment.

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.

Certification

★★Quality Licence Scheme Certification★★

At the completion of this course successful learners will receive a Certificate of Achievement from Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

✤Certification Fee (Printed Quality Licence Scheme Certificate) – £26 ONLY!!

★★CPD Accredited Certificate★★

Learners who complete the course successfully will receive a CPD Accredited Certificate.

✤CPD Accredited Certification Fee (E Certificate/ PDF Copy) – FREE!

✤CPD Accredited Certification Fee (Printed Certificate/ Hard Copy) – £19 ONLY!!

Course Code: QLS-04457

Access Duration

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

Endorsed by

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Other Benefits

• Written and designed by the industry’s finest expert instructors with over 15 years of experience
• Repeat and rewind all your lectures and enjoy a personalised learning experience
• Unlimited 12 months access from anywhere, anytime
• Excellent Tutor Support Service (Monday to Friday)
• Save time and money on travel
• Learn at your convenience and leisure
• Eligible for a TOTUM discount card

• Accounts Officer
• Accountant, Accounts Executive
• Tax Accountant
• Auditor
• 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 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

Certificate of completion

Digital certificate - Included