ODL26 Accounting Diploma

Accounting

Level 3 Diploma in Accounting will provide students with an in depth knowledge of the topic area. Accountancy is the art of communicating financial information

 

Course Description

This Ascentis Quality Assured Level 3 Diploma in Accounting will provide students with an in depth knowledge of the topic area. Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management. Ten carefully created modules will take students from the basic fundamentals underlying the subject of accounting to the various concepts that are used by accountants to keep records of capital expenditure for an organisation.

The modules have been organised to provide students with what has been considered the appropriate sequence to progressively develop a sound knowledge in accounting. At the end of each module there is exam preparation to complete to help best prepare the student for the final examination.

The modules are of different length and difficulty. Some of them have references to carefully selected websites to provide you with further practice, summaries and examples of topics covered in the lesson.

Students will learn the concepts of record-keeping and the purposes, techniques, consequences of effective financial accounting, businesses profitability, performance, costing and budgeting.

Such financial information is primarily used by managers, lenders, investors, tax authorities, regulators, and other decision makers to make resource allocation decisions between and within companies, organizations, and public agencies. It involves the process of recording, verifying, and reporting of the value of assets, liabilities, income, and expenses in the books of account to which debit and credit entries are chronologically posted to record changes in value.

Accounting helps businesses in the measuring, monitoring and planning of their operations. People skilled in accounting should be able to tell whether or not the business is performing well financially, the strengths and weaknesses of the business and to communicate their results to the owners of the business. Accounting is about recording, classifying and summarising data. A certain grade of judgement and good analysis and accounting techniques are very important.

Previous Knowledge Required

No previous knowledge or experience is essential to study this course.

Support

24 Months Tutor Support.

Assessment

Final online multiple choice examination counts for 100% of the final grade.  Throughout the course there are ten SAPs (coursework) and a thesis.  The course clearly states that this is not mandatory to complete as it has no bearing on the final grade.  We do suggest that students complete these as this will not only assist them in examination preparation but also will give the student the skill set should they wish to continue their studies (continuous professional development) at a higher level.

Modules

• Module One - Purposes of Accounting and Records
• Module Two - Verification of Records - Accounts and Balance Sheets
• Module Three - Types of Business Organisations, Accounting Concepts and Further Aspects
• Module Four - Internal Final Accounts of Limited Companies, Ratio Analysis and the Assessment of Business Performance
• Module Five - Introduction to Budgeting and Budget Control - ICT in Accounting
• Module Six - Stock Valuation, Incomplete Records and Sources of Finance
• Module Seven - Accounting Standards, Published Accounts and Partnership Accounts
• Module Eight - Manufacturing Accounts
• Module Nine - Costing
• Module Ten - Capital Investment Appraisal, Budgeting, Further Considerations and Social Accounting

Awarding Body

Ascentis is a Qualifications and Curriculum Authority (QCA) approved national awarding body that designs user-friendly qualifications and supports these with the highest possible standard of customer service. Ascentis is therefore able to offer a comprehensive ladder of opportunities to centres and their learners, starting at Pre-Entry programmes and progressing to QAA-recognised Access to HE qualifications or professional Further Education Teaching Certificates.

For more information about Awarding Bodies click here

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