Accounting : Standards and Concepts
Course
Online
Description
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Type
Course
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Level
Beginner
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Methodology
Online
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Duration
Flexible
Accounting is not a piece of cake; extensive knowledge and control over the subject is required to understand the Accounting and Finance. Now Inspire London College offers you the best opportunity to learn the accounting standards and concepts within no time.
ILC has developed this accounting course that will offer you a comprehensive way to understand the basic concepts of accounting and accounting standards. This unit aims to offer you an inclusive introduction to accounting standards, rationale for accounting standards, conceptual framework and accounting standards, basic accounting concepts, and characteristics of financial information. In addition to this the course also offers you to develop the knowledge in the areas of implementation of IFRS, different IFRS standards, impact of IFRS and IASB at global level and process of harmonization in accounting standards. The aim of this course is to serve the candidates with specific knowledge for enhancing their abilities, knowledge and skills in the field of accounting.
Inspire London College’s management and teaching staff will be there for your assistance for 24 hours a day and 7 days in a week. After enrolling for this course you will get access to our Virtual Learning Environment (VLE)/Moodle and all the study material and assessment will be available at VLE/Moodle.
About this course
Learning Objectives
After the completion of this unit the learners will be able to understand;
After taking this unit the learners will be able to;
Understand the conceptual Framework of Accounting
Recognise the purpose and objective of conceptual frameworks
Identify the merits and de-merits of accounting conceptual frameworks
Understand the purpose of financial reporting systems
Understand the utilization of judgments in accounting decisions
Develop the knowledge about the accounting standards
This unit will benefit the candidates having interest in learning accounting and its standards, SME owners, and professionals working in the financial organisations and banking sector. In addition to this the newly recruited employees and students of the accounting and finance can also take this course.
Students seeking to enrol for this course should meet the following requirements;
Basic knowledge of English Language
Be age 16 years or above
Reviews
Subjects
- IFRS
- Financial
- Financial Training
- Accounting
- Accounting software
- Accounting procedures
- Accounting and Finance
- Accounting records management
- Accounting Course
- Accounting training
Teachers and trainers (1)
ILc Tutor
Tutor
Course programme
Course Content:
- Introduction to Accounting Standards
- Principles-based versus rules-based systems
- The purpose of accounting standards
- Accounting standards and the conceptual framework
- Scope and application of IFRS
- Advantages and Disadvantages of Accounting Standards
- Attributes of Accounting Policies
- Accounting Concepts
- Qualitative characteristics of financial information
- Setting of International Financial Reporting Standards
- Standards currently in issue
- Worldwide effect of IFRS and the IASB
- International harmonisation
Accounting : Standards and Concepts