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Overview

This Diploma in Basic Financial Reporting and Tax Revenue – Level 4 is the perfect course that might get you upto speed with financial reporting and taxation in no time. This comprehensive course has been designed to accommodate all the necessary areas of financial reporting and taxation to bring you out as a highly talented and skilled professional. This esteemed qualification will open up various employment and progression opportunities for you within the financial reporting and taxation industry, provided you have a recognized qualification at level 3 or above in a related disciple.

You will get to learn about the financial and accounting regulations and the lasb accounting framework to carry out reporting and taxation activities in relation to it. This course also includes modules that will help you produce effective and accurate trial balances and financial statements that will inform the top management of the business performance.

It is vital for organisations to adhere to the accounting standards that define the basis of financial accounting policies and procedures. Therefore, this diploma has included a few modules that will thoroughly cover the aspects of accounting policies, after which you will get to understand about tax, international tax, tax in financial statements and the ethics in financial reporting. By the end of this course, you will have a good grip on financial reporting and taxation to impress your employers. 

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

Entry Requirements

  • 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.

Certification

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).

Course Code: QLS-05018

Accredited Body

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.

Career Path

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

Other Benefits

  • 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)

Course Curriculum

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
Assignment Brief I – Diploma in Basic Financial Reporting and Tax Revenue Level 4 00:00:00
☑ Submit Your Assignment
(A) Assignment Submission I – Financial Reporting and Tax Revenue Level 4 00:00:00
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
Assignment Brief II – Diploma in Basic Financial Reporting and Tax Revenue Level 4 00:00:00
☑ Submit Your Assignment
(A) Assignment Submission II – Financial Reporting and Tax Revenue Level 4 00:00:00
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
Assignment Brief III – Diploma in Basic Financial Reporting and Tax Revenue Level 4 00:00:00
☑ Submit Your Assignment
(A) Assignment Submission III – Financial Reporting and Tax Revenue Level 4 00:00:00
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: Introduction to the Short Term Finance and Investment
Introduction to the Short Term Finance and Investment 00:00:00
☑ Assignment
Assignment Brief IV – Diploma in Basic Financial Reporting and Tax Revenue Level 4 00:00:00
☑ Submit Your Assignment
(A) Assignment Submission IV – Financial Reporting and Tax Revenue Level 4 00:00:00

Course Reviews

4.7

4.7
3 ratings
  • 5 stars2
  • 4 stars1
  • 3 stars0
  • 2 stars0
  • 1 stars0
  1. Very satisfied

    4

    I was initially doubtful about taking this course, but after taking the course bundle I realized it is worth all the trouble

  2. Great Learning Experience

    5

    I have experienced a lot of improvements after taking this course. Great learning experience provided

  3. Highly Recommended

    5

    I highly recommend this course to everyone who really wants to study Accounting


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Certificate of Achievement


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Learner Unit Summary


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