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Diploma in Fundamentals of Financial Accounting - Level 3

4( 2 REVIEWS )
50 STUDENTS
Overview Financial accounting is a very crucial branch of accounting that keeps tracks of the financial progress and functioning of …

Overview

Financial accounting is a very crucial branch of accounting that keeps tracks of the financial progress and functioning of an organisation. It is essential for an organisation to have an accurate and precise financial accounting system to make important decisions, which is why the demand for highly talented and qualified financial individuals are at an all-time high.

If you too wish to get into or make some career advancement within the financial accounting industry, this Diploma in Fundamentals of Financial Accounting – Level 3 is a great way to get started. Successfully completing this course proves your knowledge of financial reporting, accounting system and bookkeeping system, which are all very vital to keep a business going.

Not just that, this course has also dedicated a few modules that will guide you on how to produce trial balance and other financial statements, all the while familiarising you with the other elements of financial accounting such as inventory, assets, manufacturing accounts, incomplete records, cash flows and capital structure. You will also get the opportunity to explore the regulatory framework pertaining to financial accounting and on how to deal with errors in financial accounting to produce accurate records

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 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 3 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

  • What will I Learn?
  • Who is It For?
  • Entry Requirements
  • Method of Assessment
  • Certification
  • Endorsed by
  • Career Path
  • Other Benefits
  • Understand the importance of financial reporting within an organization
  • Learn the accounting system and bookkeeping process which are important to keep track of the organisation’s finance
  • Discover how to produce trial balance and other financial statements
  • Explore the regulatory framework pertaining to financial accounting
  • Familiarize with inventory, assets, manufacturing accounts, incomplete records, cash flows and capital structure
  • Identify how to deal with errors in financial accounting to produce accurate records

This course is ideal for anyone aspiring to get into or progress within the financial accounting industry 

  • Learners must be age 19 or over and should have a basic understanding of the English Language, numeracy, literacy, and ICT.
  • A qualification at level 2 or above in any discipline.

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 05 installments when you are submitting your assessments.

Those who successfully complete the course will be issued the Diploma in Fundamentals of Financial Accounting at QLS Level 3 by the Quality Licence Scheme.

Course Code: QLS-05012

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.

This certificate will improve your eligibility for a number of jobs in the finance or accounting industry. You can also use this certificate to study further in the subject or to demand for a salary increment or job promotion from your employer. Listed below are few of the jobs this certificate will help you in, along with the average UK salary per annum according to https://www.payscale.com/career-path-planner,

  • Accountant – £28,565 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
  • Practice exams to ensure you are 100% ready
  • 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)

Course Curriculum

1: What is Financial Accounting
What is Financial Accounting
2: Understanding the Accounting System
Understanding the Accounting System
3: Introduction to Bookkeeping
Introduction to Bookkeeping
☑ Assignment
Assignment Brief I – Diploma in Fundamentals of Financial Accounting Level 3
☑ Submit Your Assignment
(B) Assignment Submission I – Fundamentals of Financial Accounting Level 3
4: Creating Trial Balance And Financial Statements
Creating Trial Balance And Financial Statements
5: How to Record the Transactions
How to Record the Transactions
6: Understanding the Regulatory Framework
Understanding the Regulatory Framework
☑ Assignment
Assignment Brief II – Diploma in Fundamentals of Financial Accounting Level 3
☑ Submit Your Assignment
(B) Assignment Submission II – Fundamentals of Financial Accounting Level 3
7: What is Inventory
What is Inventory
8: Identify the Non-Current Assets
Identify the Non-Current Assets
9: Introduction to Intangible Assets
Introduction to Intangible Assets
☑ Assignment
Assignment Brief III – Diploma in Fundamentals of Financial Accounting Level 3
☑ Submit Your Assignment
(B) Assignment Submission III – Fundamentals of Financial Accounting Level 3
10: Accounting Errors
Accounting Errors
11: Introduction to the Manufacturing Account
Introduction to the Manufacturing Account
12: What are Incomplete Records
What are Incomplete Records
☑ Assignment
Assignment Brief IV – Diploma in Fundamentals of Financial Accounting Level 3
☑ Submit Your Assignment
(B) Assignment Submission IV – Fundamentals of Financial Accounting Level 3
13: The Cash Flows Statement
The Cash Flows Statement
14: Understanding the Financial Statement
Understanding the Financial Statement
15: Understanding the Capital structure
Understanding the Capital structure
☑ Assignment
Assignment Brief V – Diploma in Fundamentals of Financial Accounting Level 3
☑ Submit Your Assignment
(B) Assignment Submission V – Fundamentals of Financial Accounting Level 3

Students feedback

4

Avarage rating (2)
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1 Star
    D S

    Dolly Simpson

    June 05, 2019
    Great job

    The tutors have been very crafty in developing the course materials, as the modules are very enriching and educational. The course is less pricey as well.

    M H

    Mylo Howard

    June 01, 2019
    High Quality Course

    A great fundamental course of financial accounting. The course materials are of high quality and it is very informative as well.

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