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Financial Accounting Course Online Course Description
Learn the Latest Skills | Accredited by IPHM | Recognised Certificate | MCQ Based Exam & Tutor Support | Interactive Video Training | Lifetime Access
This course is endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.
Are you looking to begin your financial accounting career or want to develop more advanced skills in financial accounting? Then this financial accounting course online course will set you up with a solid foundation to become a confident accountant and help you to develop your expertise in financial accounting.
This financial accounting course online is specially designed for those who are willing to gain a comprehensive understanding of financial accounting skills and build a rewarding career in the same sector. This professional online course will also help you understand accounting principles, accounting cycle, accounting conventions, IFRS and GAAP.
This financial accounting course online will also provide you with a thorough knowledge of accounting and reporting in commerce, input to depreciation accounting, total liabilities and equity. You will also learn about the permanent and cyclical working capital, forms of working capital financing and cash flow return on investment (CFROI).
By the end of the course, you will learn the essential aspects of financial accounting. You will also ace the skills you need to propel your career forward in the finance sector and become a successful accountant. This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.
By the end of the course, the learners will:
- Understand accounting and reporting in commerce
- Get an understanding of the accounting principles
- Know what is accounting equation and accounting cycle
- Learn assets, liabilities and capital
- Be able to recognise the key aspects of financial accounting
- Understand multi-step income statement
- Learn about input to depreciation accounting
- Get to understand depreciation journal entries
- Know how to build an ideal balance sheet
- Develop an understanding of the determinants of working capital
- Learn about cash flow return on investment (CFROI)
- Boost your knowledge of the management and cost accounting
- Develop knowledge about the based costing system, steps in developing and activity and benefits and limitations of activity
Accredited by CPD UK and IPHM
Accredited by The CPD Certification Service International Practitioners of Holistic Medicine (IPHM)
How Will I Benefit?
- Boost your career in financial accounting
- Deepen your knowledge and skills in your chosen field just in hours not years!
- Study a course that is easy to follow.
- Save money and time by studying at your convenient time
- Have access to a tutor whenever you are in need
So, what are you thinking about! Start getting the benefits by enrolling today!
Why Choose this Financial Accounting Course Online Course:
- Accredited by International Practitioners of Holistic Medicine (IPHM)
- Lifetime Access
- High-quality e-learning study materials
- Learn the most in-demand skills
- Self-paced, no fixed schedules
- MCQ Exam and 24/7 Support Included
- Available to students anywhere in the world
- No hidden fee
- Study in a user-friendly, advanced online learning platform
Who is this financial accounting course online course for?
This financial accounting course online is ideal for those who aspire to strengthen their understanding of financial accounting. Those who are willing to gain core competencies to drive a successful career in the finance sector can also take this career advancement online course.
- There are no academic entry requirements for this financial accounting course online course, and it is open to students of all academic backgrounds.
- As long as you are aged seventeen or over and have a basic grasp of English, numeracy and ICT, you will be eligible to enrol.
Method of Assessment
On successful completion of the course, you will be required to sit an online multiple-choice assessment. The assessment will be evaluated automatically and the results will be given to you immediately.
Certificate of Achievement
Endorsed Certificate from Quality Licence Scheme
After successfully passing the MCQ exam you will be eligible to obtain the financial accounting course at QLS level 5 Endorsed Certificate by Quality Licence Scheme. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organization for providing high-quality vocational qualifications across a wide range of industries. It will give you a competitive advantage in your career, making you stand out from all other applicants and employees. There is a Quality Licence Scheme endorsement fee to obtain an endorsed certificate which is £65.
IPHM Accredited Certificate of Achievement
On successful completion of the financial accounting course online course, you will be eligible to order your IPHM accredited certificate of achievement (dual certificate) as proof of your new skill. You can also share this certificate with prospective employers and your professional network. You/your employer can verify your certificate through our website. Certificate can be obtained in PDF version at a cost of £12, and there is an additional fee to obtain a printed copy certificate which is £35.
This financial accounting course online course opens a brand new door for you to enter the relevant job market and also provides you with the chance to accumulate in-depth knowledge at the side of needed skills to become flourishing in no time. You will also be able to add your new skills to your CV, enhance your career and become more competitive in your chosen industry.
|How IT Works|
|How IT Works||00:00:00|
|Supplementary Resources – Financial Accounting Course Online||01:00:00|
|Lecture 1 : Accounting and Reporting in Commerce|
|Lecture 1.1: Definition of Accounting||00:02:00|
|Lecture 1.2: Accounting Principles||00:03:00|
|Lecture 1.3: Accounting Equation||00:01:00|
|Lecture 1.4: Accounting Cycle||00:02:00|
|Lecture 1.5: Double Entry Accounting||00:04:00|
|Lecture 1.6: Assets||00:02:00|
|Lecture 1.7: Liabilities||00:01:00|
|Lecture 1.8: Capital||00:04:00|
|Lecture 1.9: Accounting Conventions||00:02:00|
|Lecture 1.10: IFRS and GAAP||00:01:00|
|Lecture 2 : Financial Accounting #1|
|Lecture 2.1: Financial Accounting||00:01:00|
|Lecture 2.2: Financial Statements – Applications and Use||00:01:00|
|Lecture 2.3: Profit and Loss Statement – Income Statement||00:02:00|
|Lecture 2.4: Multi-step Income Statement||00:02:00|
|Lecture 2.5: Expenses||00:01:00|
|Lecture 2.6: Profit Before Tax and EBITDA||00:02:00|
|Lecture 2.7: Input to Depreciation Accounting||00:03:00|
|Lecture 2.8: Depreciation Journal Entries||00:01:00|
|Lecture 2.9: Balance Sheet – Assets and Liabilities Statements||00:02:00|
|Lecture 2.10: Inventories||00:01:00|
|Lecture 2.11: Liability Accounts||00:02:00|
|Lecture 2.12: Total Liabilities and Equity||00:01:00|
|Lecture 3 : Financial Accounting #2|
|Lecture 3.1: Working Capital & Liquidity – Debtors, Creditors & Inventory Days||00:01:00|
|Lecture 3.2: Permanent and Cyclical Working Capital||00:01:00|
|Lecture 3.3: Forms of Working Capital Financing||00:03:00|
|Lecture 3.4: Determinants of Working Capital||00:01:00|
|Lecture 3.5: Cash Flow Statements – Operational and Reporting Formats #1||00:04:00|
|Lecture 3.6: Cash Flow Statements – Operational and Reporting Formats #2||00:01:00|
|Lecture 3.7: Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO)||00:02:00|
|Lecture 3.8: Cash Flow Return on Investment (CFROI)||00:01:00|
|Lecture 3.9: Key Ratio Analysis – Short Term Acid Tests & Long Term Viability||00:05:00|
|Lecture 4 : Management & Cost Accounting|
|Lecture 4.1: Management and Cost Accounting||00:03:00|
|Lecture 4.2: What is Cost Accounting||00:01:00|
|Lecture 4.3: Material, Labour and Overhead Costing||00:02:00|
|Lecture 4.4: Process Costing, Job Costing and Batch Costing||00:03:00|
|Lecture 4.5: Job Costing||00:03:00|
|Lecture 4.6: Activity Based Costing – Lean Operations||00:02:00|
|Lecture 4.7: Steps in Developing and Activity – Based Costing System||00:01:00|
|Lecture 4.8: Benefits and Limitations of Activity-Based Costing||00:01:00|
|Lecture 4.9: Standard Costing and Variance||00:02:00|
|Lecture 4.10: Standard Costing in GAAP and IFRS||00:03:00|
|Lecture 4.11: Responsibilities for Variances||00:01:00|
|Lecture 5 : Limitations of Accounting|
|Lecture 5.1: Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis||00:03:00|
|Lecture 5.2: Uncertainties and Quality of Input Data||00:02:00|
|Lecture 5.3: Break-Even Chart||00:03:00|
|Lecture 5.4: Inventory Management– Raw, Work in Progress (WIP) & Finished Goods||00:02:00|
|Lecture 5.5: Reorder Point, Lead Time and Safety Stock||00:02:00|
|Lecture 5.6: Budgeting & Capital Investment – Revex & Capex||00:03:00|
|Lecture 5.7: Limitations of Accounting – Financial Reporting||00:03:00|
|Lecture 5.8: Intangibles, Human Capital & Goodwill – Recognition and Valuation||00:01:00|
|Lecture 5.9: Goodwill||00:01:00|
|Lecture 5.10: Audit – Internal & External||00:03:00|
|Assessment – Financial Accounting Course Online||00:10:00|
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|Order Your Certificate of Achievement||00:00:00|
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