Accredited Level 3 Accounting Diploma

Introduction

This Level 3 Diploma in Accounting will provide students with in-depth knowledge of the subject area.

It is an ideal starting point for anyone wanting to become an accountant. It is also useful for general managers seeking more information about the finances they manage. Individuals considering starting their own business will also find the course invaluable as a means to learn what records are important and how to maintain their accounts effectively.

Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. The communication is typically in the form of financial statements, which demonstrate in monetary terms the economic resources under the control of management and how those resources have been utilised to enhance value. Ten carefully created units will guide students from the basic fundamentals underlying the subject of accounting to the various concepts used by accountants to keep records of capital expenditure for an organisation.

The modules have been organised to take you a step at a time towards developing a sound knowledge of accountancy. At the end of each module there is a section focusing on examination preparation. These will help to prepare you for the 2 assessments. One assessment is at the midpoint of the course. The second is, naturally, at the end of the course and covers the entire syllabus.

The course grade given is either a pass or a fail. The assessments concentrate on 3 areas:

• Theoretical knowledge and understanding
• Practical implications
• Integration of theory and practice

The modules are of different lengths. You will probably find some to be easier than others. Some of them have references to carefully selected and reviewed websites to enable you to have even more practice and to see summaries and examples of topics covered in the lessons.

The course includes the concepts of financial record-keeping techniques, consequences of effective financial accounting, businesses profitability, performance, costing and budgeting.

This is important for directors, managers, banks, investors, tax authorities, regulators, and other decision makers. The accounts are used to make properly informed resource allocation decisions between and within companies, organizations, and public agencies. This is done by recording the value of assets, liabilities, income, and expenses in the books of account.

Accountancy helps businesses to measure, control and plan their operations. People skilled in accounting can assess if the business is performing well financially. Where this is not happening remedial strategies can be recommended. Accountancy is about recording, classifying and summarising information. Sound judgment and good analysis are required.