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 – 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 course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Study 365 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 regulated 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 Ofqual, 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 Study 365 to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards 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.
*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales
What will I Learn?
- Understand the regulation of financial and accounting reporting
- Explore the lasb accounting framework
- Discover how to produce accurate trial balance and other financial statements
- Familiarize with the accounting standards that define the basic of financial accounting policies and procedures
- Learn about tax, international tax and tax in the financial statements
- Discover the ethics in financial reporting
Who is It For?
This course might suit anyone aspiring to get into or progress within the finance or accounting industry
- Learners must be age 19 or over and should have a basic understanding of the English Language, numeracy, literacy, and ICT.
- A recognised qualification at level 3 or above in any discipline.
Method of Assessment
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.
At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).
Accredited body (Accreditation) ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.
Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.
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,
- Accountant – £28,565 per annum
- Tax Accountant – £29,001 per annum
- Accounts Assistant – £18,883 per annum
- Accounts Executive – £22,243 per annum
- Staff Accountant – £24,115 per annum
- Accounting Assistant – £20,352 per annum
- Accounting Clerk – £17,609 per annum
- Accounts Payable Clerk – £19,801 per annum
- Written and designed by the industry’s finest expert instructors with over 15 years of experience
- Repeat and rewind all your lectures and enjoy a personalised learning experience
- Unlimited 12 months access from anywhere, anytime
- Save time and money on travel
- Learn at your convenience and leisure
- Eligible for a TOTUM discount card
- Free Career Support Service
- 25% Discount on personal Statement and covering letter writing service
- Free Access to Over 150 courses for 2 days (48 hours)
- Free access to course before you purchase (For selected courses only)
|1: Understanding the Accounting And Financial Reporting Regulations|
|Understanding the Accounting And Financial Reporting Regulations||00:00:00|
|2: Understanding the IASB Framework|
|Understanding the IASB Framework||00:00:00|
|3: What is Financial Statement|
|What is Financial Statement||00:00:00|
|4: Introduction to the IAS 2 Inventories And None Current Assets|
|Introduction to the IAS 2 Inventories And None Current Assets||00:00:00|
|5: IAS 38 Intangible Assets|
|IAS 38 Intangible Assets||00:00:00|
|6: Creating Producing Financial Statements|
|Creating Producing Financial Statements||00:00:00|
|Assignment Brief I – Diploma in Basic Financial Reporting and Tax Revenue Level 4||00:00:00|
|☑ Submit Your Assignment|
|7: The Cash Flows Statement|
|The Cash Flows Statement||00:00:00|
|8: Introduction to Group Accounts|
|Introduction to Group Accounts||00:00:00|
|9: Basic Principals of the Statement Of Financial Position|
|Basic Principals of the Statement Of Financial Position||00:00:00|
|10: What is Income Statement|
|What is Income Statement||00:00:00|
|11: Definition of Associate|
|Definition of Associate||00:00:00|
|12: Understanding the Accounting Standards|
|Understanding the Accounting Standards||00:00:00|
|Assignment Brief II – Diploma in Basic Financial Reporting and Tax Revenue Level 4||00:00:00|
|☑ Submit Your Assignment|
|13: IAS19 Employee Benefits|
|IAS19 Employee Benefits||00:00:00|
|14: Introduction to Tax|
|Introduction to Tax||00:00:00|
|15: Identify the Tax Types|
|Identify the Tax Types||00:00:00|
|16: Introduction to the International and Financial statement Taxation|
|Introduction to the International and Financial statement Taxation||00:00:00|
|17: Who is an External Auditor|
|Who is an External Auditor||00:00:00|
|18: Understanding the Corporate Governance|
|Understanding the Corporate Governance||00:00:00|
|Assignment Brief III – Diploma in Basic Financial Reporting and Tax Revenue Level 4||00:00:00|
|☑ Submit Your Assignment|
|19: Introduction to Ethics and Financial Reporting|
|Introduction to Ethics and Financial Reporting||00:00:00|
|20: Working Capital Management|
|Working Capital Management||00:00:00|
|21: How to Manage Receivables and Payables|
|How to Manage Receivables and Payables||00:00:00|
|22: Efficient Manage of Inventories and Cash|
|Efficient Manage of Inventories and Cash||00:00:00|
|23: Intrduction to the Short Term Finance and Investment|
|Intrduction to the Short Term Finance and Investment||00:00:00|
|Assignment Brief IV – Diploma in Basic Financial Reporting and Tax Revenue Level 4||00:00:00|
|☑ Submit Your Assignment|
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