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ISSUES IN MEASURING PROFIT AND FINANCIAL POSITION (BYTE SIZE) COURSE
 
ISSUES IN MEASURING PROFIT AND FINANCIAL POSITION (BYTE SIZE) COURSE
 
£250.00
 

COURSE CODE 551


 

The measurement of profit and financial position is not as precise and objective as you may, at first, imagine. In order to prepare the profit and loss account and balance sheet, we have to employ estimates and assumptions. As a result, the portrayal of the financial health of a business can vary according to the particular estimates and assumptions that we make. There are three measurement areas that are critical to the measurement of profit and financial position: depreciation, stock valuation and the problem of bad and doubtful debts. In this course we examine each of these areas in turn.

By the end of this course, you should be able to:

    * explain the concept of depreciation 
    * explain the main methods of depreciation and make appropriate calculations
    * explain the various approaches to stock valuation and make appropriate calculations
    * illustrate how different stock valuation methods impact on the calculation of profit 
    * explain how a business should account for bad and doubtful debts 
    * adjust the financial statements to reflect bad debts and changes in the provision for doubtful debts 
    * discuss the role of subjectivity in the measurement of profit and financial position

Course Syllabus

Introduction

Objectives

Section 1: Depreciation

1.1 General Principles

1.2 Calculating Depreciation

1.3 Methods of Depreciation

1.4 Accounting Entries

1.5 A Further Refinement

Section 2: Stock Valuation

2.1 The Stock Valuation Problem

2.2 Stock-Valuation Methods

2.3 The 'Lower of Cost or Net Realisable Value' Rule

Section 3: Credit Sales and the Problem of Bad and Doubtful Debts

3.1 Credit Sales and the Problem of Bad and Doubtful Debts

3.2 Dealing with Doubtful Debts

3.3 An Alternative Approach

Summary

Review Activity

Recommended Reading

Tutor-marked Question Paper

Qualifications

On completion of your course, you will receive two certificates:
Certificate 1 is issued by Stonebridge Associated Colleges: Issues in Measuring Profit and Financial Position (Byte Size Skills Course) Certificate

Issues in Measuring Profit and Financial Position (Byte Size Skills Course) Certificate issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.

Tutor Support

With this course you will have unlimited access to your own personal tutor who specialises in their field of study. It is your personal tutor's role to ensure that you receive constructive feedback and to deal with any queries you may have. You are more than welcome to telephone, fax or email your personal tutor.

You will also have access to a dedicated and friendly team of administrators and course advisors who offer sound and professional guidance and advice when you need it. This ensures that you will never feel neglected and that you will always succeed!

Requirements for Entry

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Study Hours

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: 20 hrs.

Additional Information

Assessment Method

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.

What's Included

    * All study materials
    * Study Guide
    * Full Tutor and Admin support
 



Advantages of this distance learning course:
  • Home Study: you declare when you study, no need to attend class at fixed times and fixed dates. Your study hours fit around you!
  • We will post all the beautifully printed course materials to you. Everything is written in a clear and easy-to-understand format.
  • Start this course anytime of the year! No need to wait until the new academic year starts. Enroll today so soon you'll start improving your CV or re-skill for your new career.
  • Create your own study routine, learn at your own pace, complete your course as quickly or slowly as your circumstance dictate.
  • Your home learning is totally supported by experienced tutors who guide, encourage and assess your progress. You will not be alone because all our tutors are friendly and approachable.


ISSUES IN MEASURING PROFIT AND FINANCIAL POSITION (BYTE SIZE) COURSE
 
ISSUES IN MEASURING PROFIT AND FINANCIAL POSITION (BYTE SIZE) COURSE
 
 
£250.00
 

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Questions about this course? Contact Student Support / Course Advisors

Enrol by phone: call 0845 65 22 187 quote course code 551

Enrol by post: print this postal form.

http://www.ukdistancelearningcollege.com/web/p551


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