Accounting is designed to help those with an interest in a business, or other organisation, to assess its financial position and performance. It aims to communicate relevant economic information to interested parties and, as a result, improve the quality of decisions that are made.
Unless accounting achieves this purpose, it would really be a waste of effort to provide the information. In this course we consider the major financial statements that are produced by businesses on a regular basis to help in the decision making process. These financial statements are designed to provide an overview of the business's financial health and are widely used by managers, owners, suppliers, customers and others.
We consider the main principles underpinning these statements as well as their strengths and weaknesses. In addition. We consider how these statements can be analysed in order to come to some conclusions about the financial health of a business.
- The balance sheet
- The profit and loss account
- The measure of profit - further issues
- An introduction to the accounts of limited companies
- The regulatory framework
- The accounts of groups and companies
- The cash flow statement
- The use of financial statements for planning and decision-making
- The analysis of financial statements 1
- The analysis of financial statements 2
- The accounting framework and value measurement
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
This course requires no previous knowledge of accounting or finance.
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete the course is: 120 hrs.
After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.
- All study materials
- Study Guide
- Full Tutor and Admin support
On completion of your course, you will receive two certificates:
Certificate 1 is issued by Stonebridge Associated Colleges: Accounting Diploma
Accounting Diploma issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.
Certificate 2 is issued by ABC Awards: Level 3 Accounting Certificate of Achievement
At the end of this course successful learners will receive a Certificate of Achievement by ABC Awards and a Learner Unit Summary (which lists the details of all the units you have completed as part of your course).
The course has been endorsed under the ABC Awards’ Quality Licence Scheme. This means that Stonebridge Associated Colleges have undergone an external quality check to ensure that the organisation and the courses it offers, meet certain quality criteria. The completion of this course alone does not lead to an Ofqual regulated qualification but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this sector. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of difficulty involved in successful completion by the learner.
The course itself has been designed by Stonebridge Associated Colleges to meet specific learners’ or employers’ requirements. ABC Awards’ endorsement involves a robust and rigorous quality audit by external inspectors to ensure quality is consistently met. A regular review of courses is carried out as part of the endorsement process.
Who are ABC
ABC Awards is a leading national Awarding Organisation, regulated by Ofqual, and the Welsh Government. They have a comprehensive portfolio of over 650 Ofqual regulated qualifications on the national Qualifications and Credit framework (QCF). It has a long-established reputation for developing and awarding high quality vocational qualifications across a wide range of industries. As a registered charity, ABC Awards combines 180 years of examination and assessment expertise but also implements a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards also offers over 600 Ofqual 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.