|Level: 4/5||Credit Value: 15||GLH: 60 hours|
In this course, you will learn the basics of accounting, including financial terms, generally accepted accounting principles, the accounting cycle, key financial reports, financial analysis tools, and budgeting.
Many of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in business, particularly as a manager. This course will help you get started in the accounting world.
After you complete this course, you will be able to:
- Describe the art of finance and financial management
- Explain key financial terms
- Determine your role in company finances
- Find the rules and regulations for your area and industry
- Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
- Explain how a chart of accounts is created
- Tell the difference between cash and accrual accounting
- Explain single-entry and double-entry bookkeeping
- Differentiate between debits and credits
- Identify and analyze important financial data
- Make financial decisions
- Read annual reports
- Determine whether a company is financially high or low risk
- Recognize different types of organizational financial plans
- Explain what budgets are and how to prepare them
- Recognize what computer skills you need to make you a financial whiz
- Deal with financial situations that impact the people that work for you
There are no formal entry requirements for this course.
You must have an appropriate standard of English to enable you to access relevant resources and complete the unit assignments.
The course is assessed through continuous online assessment. You will complete several tasks including short essays, multiple choice questions and short case studies with a pass mark of 75%. If you don't pass don't worry! You can take the assessments as many times as you need with no extra charge
What will you receive?
Upon completion of this course you will be awarded a certificate of training in Accounting Skills for New Supervisors by Stratford College of Business and Management. The college is accredited by the Accreditation Service for International College (ASIC).
Credits from this course may count towards achievement of ATHE Level 4/5 Extended Diploma in Management - 240 credits. This is an Ofqual regulated qualification that gives access too the final year of a UK bachelor degree in Business (or related subject).
You will need to meet the following additional requirements:
- You must be 18 years and over
- There are no formal requirements for specific prior qualifications or levels of attainment but if you have recently been in education or training you will normally be expected to have either 2 or more GCE A levels and 5 or more GCSEs at grades C and above, other level 3 qualifications in relevant subjects. Alternatively you may hold an Access to Higher Education Certificate delivered by an approved further education institute and validated by an Access Validating Agency, or other equivalent international qualifications.
- Mature learners will normally have relevant work experience (paid and/or unpaid) with a degree of responsibility, and/or achievement of relevant professional qualifications.
- You must have an appropriate standard of English to enable you to access relevant resources and complete the unit assignments.
- You will be further assessed by an additional coursework assignment for each short online course. Assessment fee is £100 for each online course.
- To view all the short courses required to achieve the Level 4/5 Extended Diploma in Management please click here
The ATHE Level 4/5 Extended Diploma in Management gives access to the following online programmes delivered in partnership with LSM: