Financial reporting is a process that keeps track of the financial transaction of an organisation, whereas taxation is an amount charged by the government on a taxpayer. Both of these concepts are related, and understanding the basics of both the concepts can take you to great heights in your financial career.
This Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 has gone beyond expectation to expand your knowledge on financial accounting and taxation. This course, with its well narrated modules, will explore the regulation of financial and accounting reporting to help you adhere to them as required. A few modules will guide you on how to produce accurate trial balance and other financial statements, all the while familiarising you with the accounting standards that define the basis of financial accounting policies and procedures.
The learning materials have done justice to the course title by delving into topics such as tax, international tax and tax in the financial statements. Furthermore, this course is also focused on discussing the lasb accounting framework and the ethics in financial reporting to bring you out as a highly sought after financial accounting professional within the industry.
The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a qualification but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Quality Licence Scheme, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current qualifications. Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We 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.
*Study365 is an approved reselling partner for Quality Licence Scheme courses under Global Edulink
Please Note: This Course is Based on USA Standards
This course might suit anyone aspiring to get into or progress within the finance or accounting industry
This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.
Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 04 installments when you are submitting your assessments.
Those who successfully complete the course will be issued the Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 by the Quality Licence Scheme.
Course Code: QLS-05018
The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.
The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.
Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.
With this certificate in your resume, you are sure to improve your candidature for a number of jobs in the finance or accounting industry. This certificate will also open up various career advancement and higher education opportunities. Below given are some of the jobs this certificate will benefit you in, along with the average UK salary per annum according to https://www.payscale.com/career-path-planner,
1: Understanding the Accounting And Financial Reporting Regulations | |||
Understanding the Accounting And Financial Reporting Regulations | |||
2: Understanding the IASB Framework | |||
Understanding the IASB Framework | |||
3: What is Financial Statement | |||
What is Financial Statement | |||
4: Introduction to the IAS 2 Inventories And None Current Assets | |||
Introduction to the IAS 2 Inventories And None Current Assets | |||
5: IAS 38 Intangible Assets | |||
IAS 38 Intangible Assets | |||
6: Creating Producing Financial Statements | |||
Creating Producing Financial Statements | |||
☑ Assignment | |||
Assignment Brief I – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
☑ Submit Your Assignment | |||
(B) Assignment Submission I – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
7: The Cash Flows Statement | |||
The Cash Flows Statement | |||
8: Introduction to Group Accounts | |||
Introduction to Group Accounts | |||
9: Basic Principals of the Statement Of Financial Position | |||
Basic Principals of the Statement Of Financial Position | |||
10: What is Income Statement | |||
What is Income Statement | |||
11: Definition of Associate | |||
Definition of Associate | |||
12: Understanding the Accounting Standards | |||
Understanding the Accounting Standards | |||
☑ Assignment | |||
Assignment Brief II – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
☑ Submit Your Assignment | |||
(B) Assignment Submission II – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
13: IAS19 Employee Benefits | |||
IAS19 Employee Benefits | |||
14: Introduction to Tax | |||
Introduction to Tax | |||
15: Identify the Tax Types | |||
Identify the Tax Types | |||
16: Introduction to the International and Financial statement Taxation | |||
Introduction to the International and Financial statement Taxation | |||
17: Who is an External Auditor | |||
Who is an External Auditor | |||
18: Understanding the Corporate Governance | |||
Understanding the Corporate Governance | |||
☑ Assignment | |||
Assignment Brief III – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
☑ Submit Your Assignment | |||
(B) Assignment Submission III – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
19: Introduction to Ethics and Financial Reporting | |||
Introduction to Ethics and Financial Reporting | |||
20: Working Capital Management | |||
Working Capital Management | |||
21: How to Manage Receivables and Payables | |||
How to Manage Receivables and Payables | |||
22: Efficient Manage of Inventories and Cash | |||
Efficient Manage of Inventories and Cash | |||
23: Introduction to the Short Term Finance and Investment | |||
Introduction to the Short Term Finance and Investment | |||
☑ Assignment | |||
Assignment Brief IV – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 | |||
☑ Submit Your Assignment | |||
(B) Assignment Submission IV – Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 |
Ruby Fisher
A course that can be enjoyed thoroughly from the beginning to the end. Due attention have been given to all modules and areas and the support team was also very assistive.
Jasper Baxter
The course is of sufficient quality and the great thing about this course is that you can take it or complete it at any pace or time.