Accounting

Accounting - NCFE Level 3

Maximise your potential with a career in Accounting
You're great at making decisions and have a flair for figures!

Imagine having a skill that is always in demand whatever the state of the economy. That's the enviable position of the accounting profession. You may be called upon to make important decisions about your clients' or employers' financial future.

While studying for the Diploma you will learn how to record financial transactions, estimate costs and revenues, prepare cash flow statements and so much more. Once you have the Diploma under your belt you can decide whether you want to study further for the Certified Accounting Technician(CAT) course accredited by ACCA, the Association of Chartered Certified Accountants

The Home Learning course includes:

• Financial transactions
• Management information
• Accounting standards and principles
• Fixed assets and depreciation
• Control and final accounts
• Elements of cost
• Estimating costs and revenues

Accounting Course Outline

Module 1: Recording Financial Transactions

• Business transactions and documentation
• Basic Bookkeeping
• Banking and petty cash
• Recording sales and purchases
• Payroll
• Control Accounts and the initial trial balance

Module 2: Information for Management Control

• Computing systems: safety, confidentiality and security
• Security and legal issues
• Management information
• Income and expenditure
• Elements of cost
• Cost centres and profit reporting
• Source documents
• Organisational structures
• Comparisons and variances
• Marginal costing

Module 3: Maintaining Financial Records

• Further bookkeeping: recording transactions, trial balance and final accounts
• Accounting standards, principles and policies
• Fixed assets and depreciation
• Control accounts, reconciliation and errors
• Adjustments to trial balance
• Final accounts

Module 4: Accounting for Costs

• Management Information
• Cost classification
• Elements of cost
• Marginal costing and absorption costing
• Product and service costs
• Estimating costs and revenues

Accounting Career Opportunities

Regardless of an economy's fluctuations, qualified accountants are always in demand. Hired to maintain individual or corporate finances, their role as economic advisors enables them to make important decisions regarding their clients' financial futures. Even in time of economic recession, accountants are needed to assess, analyse, calculate and balance a company's financial situation.