Certificate in Accounting and Finance (Level 5)

Diploma Course Syllabus:

The Accounting Diploma consists of the following units:

Unit 1 - Introduction to Accounting

This unit covers the following key topics:

• Accounting and Finance
• Accounting
• Objectives of Accounting
• Scope of Accounting
• Functions of Accounting
• Advantages of Accounting
• Limitations of Accounting
• Evolution of Modern Accounting
• Branches of Accounting
• Modern View of Accounting
• Accounting Cycle
• Plus more

Unit 2 - The Role of An Accountant

This unit covers the following key topics:

• Role of an Accountant
• Methods of Accounting
• Debit and Credit
• Types of Accounts
• Distinction between Book-Keeping and Accounting
• Organisation for Accounting and Finance
• Bases of Accounting
• Accounting Terminology
• Plus more

Unit 3 - Accounting Concepts and Standards

This unit covers the following key topics:

• Concepts of accounting
• Accounting Framework
• Standards of accounting
• Plus more

Unit 4 - Journals and Subsidiary Books

This unit covers the following key topics:

• Journal And Subsidiary
• Advantages of Journal
• Sub-Division of Journal
• Ledger
• Distinction between Journal and Ledger
• Subsidiary Books
• Basic Document for Subsidiary Books
• Advantage of Subsidiary Books
• Imprest System
• Plus more

Unit 5 - Profit And Loss Accounts

This unit covers the following key topics:

• Statement of Profit and Loss
• Measurement of Income
• Preparation of Profit or Loss Account
• Plus more

Unit 6 - Balance Sheet

This unit covers the following key topics:

• Balance Sheet
• Purpose of Financial Statements
• Prepare a Balance Sheet
• Assets
• Analyze a Balance Sheet
• Current Ratio
• Quick Ratio
• Working Capital
• Debt/Worth Ratio
• Plus more

Unit 7 - Cash Flow Statements

This unit covers the following key topics:

• Cash Flow
• Initial Investment
• Cash
• Receivables
• Inventory, Supplies, and Prepaid Expenses
• Sources of Funds
• Funds from Operations
• Uses and Application of Funds
• Plus more

Unit 8 - Budgeting

This unit covers the following key topics:

• Budget
• Financial Planning
• Budgetary Control
• Installing a Budgetary Control System
• Responsibility for Budgeting
• Key Factor
• Sales Work Sheet
• Fixed and Flexible Budgets
• Plus more

Unit 9 - Variance Analysis

This unit covers the following key topics:

• Variance
• Types of Variance
• Direct Material Variances
• Computation of Labor Variances
• Control of Variances
• Variance Reporting
• Plus more

Unit 10 - Ratio Analysis

This unit covers the following key topics:

• Classification of Ratio
• Norms for Evaluation
• Managerial Uses of The Primary Ratio
• Plus more

Unit 11 - Financial Management

This unit covers the following key topics:

• Introduction to Financial Management
• Categories of Financial Management
• Scope of Financial Management
• Finance Functions
• Finance and Accounting
• Plus more

Unit 12 - Management of Working Capital

This unit covers the following key topics:

• Significance of Working Capital
• Operating Cycle
• Concepts of Working Capital
• Kinds of Working Capital
• Components of Working Capital
• Importance of Working Capital Management
• Determinants of Working Capital Needs
• Approaches to Managing Working Capital
• Measuring Working Capital
• Working Capital Management Under Inflation
• Efficiency Criteria
• Plus more

Unit 13 - Investment Methods

This unit covers the following key topics:

• Introduction to Investment Methods
• Types of Investment Proposals
• Project Report
• Methods of Appraisal
• Depreciation, Tax, and Inflows
• Cost of Capital
• Limitations of Investment Appraisal Techniques
• Plus more