Accountants have an important job to monitor a company’s or an individual’s finances. They must keep track of every transaction made by their employer, and monitor all payments which are received. Accountants are also responsible for dealing with tax returns and making sure that the individual or the company are following the law.
This course is an introduction to accounting; you will learn about the importance of accounting when it comes to business and study everything from profits and losses to ratio analysis and how to deal with debt.
If you want to pursue a career in accounting or finance, this qualification is for you. Also, if you are a small business owner in need to manage accounts or you are employed on a freelance basis, you will find this course useful.
How does the course work?
Studying online means flexibility, being able to have control of your own study schedule and fit studying around other commitments. You will not have to attend classes in a college, you just need to log on to our online portal where you will have access to all the learning material.
learndirect will support you with everything you need to make the most out of your course. You can reach our tutors via email, phone, or through the online portal. You will also be able to join a friendly community of like-minded students that can help you and share ideas on course topics
Introduction to Accounting
- 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
You do not need experience or previous qualifications to enroll on this course. It is available to all students, of all academic backgrounds. You just need to be able to access our online modules and the motivation and discipline to study in your own time.
The approximate amount of time required to complete the course is: 120 hrs.
On successful completion of this course, you 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. 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 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.
If you complete the work successfully, you will be awarded a certificate in accounting at Level 3. You will gain a fundamental understanding of how accounting works and become confident to apply this knowledge in real life situations.
If you want to become a chartered accountant, you must first take an ACCA, CIMA or ACA accredited qualification. For this to be possible, you will need five secondary school qualifications. Other career paths related to this course include:
- Credit controller
- Financial advisor
- Accounts assistant
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