The Accounting and Bookkeeping Diploma Course takes those who have little or no knowledge in this area through the basics of accountancy and onto more complex concepts, principles, and practices. With practical examples and full explanations, students who complete this course will be equipped with a greater knowledge and be capable of understanding the basics of accountancy in their or other’s business This will enable them to attend to their own accounts or use the course as a feeder into specific areas or more advanced qualifications in accounting.
This course guides you through 10 comprehensive modules:
The Accounting and Bookkeeping Diploma Course starts off with an introduction to accounting. This extended preamble gives students a greater understanding of the subject as a whole, before getting into the finite details. This gets all the broader questions out the way early on, telling students why accounts and bookkeeping are done, who uses the information, and how it is used.
The second module of the course focuses on the accounting rules, concepts, principles, and presumptions that govern the application of accounting procedures, referred to as the Generally Accepted Accounting Principles or GAAP. Understanding these are of paramount importance, as you will abide by these concepts and principles every time you analyse, record, summarise, report and interpret financial transactions of a business.
As the main source from which financial statements are prepared, it is important to understand how to identify, record, and provide source documents of business transactions inline with a company’s financial policies and the industry-acceptable practice. The third module gives and in-depth explanation of the Accounting Information Cycle.
Module 4 of the Accounting and Bookkeeping Diploma Course expands upon the Accounting Information Cycle even further. Trial Balance and General Ledgers are also introduced here, and the importance of converting transactional to accounting information, in a standardised manner is stressed.
The fifth module discusses the Holy Grail of accounting: final accounts, which consists of: manufacturing, trading, profit and loss account, the Balance Sheet and the Cash Flow Statement. This module deepens student’s understanding of the subject, with the introduction of: work in progress, purchase returns, opening and closing stock of raw materials, and the treatment of major components in accounting, such as: cost of goods sold, direct and indirect cost.
Module 6 of the Accounting and Bookkeeping Course focusses solely on producing accounts for Not-for-Profit organizations. This module teaches the difference between accounts for profit-making and not–for-profit organisations, the technique for preparing receipts and payment accounts and income and expenditure accounts and the difference between the two, the technique for preparing the balance sheet of Not-for-Profit organisations and how to identify avenues of expenses are also covered.
Before final accounts are prepared, a trial balance is created. During the time between this being created and final accounts being prepared, adjustments are made. The seventh module of the course outlines what adjusting entries are, the different types and treatments of these, when and where to make adjusting entries, and what tools can be used to complete this.
The eighth module of the Accounting and Bookkeeping Course discusses the massive impact that technology has had on accounting. Students are informed about the major accounting software packages that can be used, as well as the pros and cons of using Microsoft Excel to complete basic tasks and how cloud computing can be used in accounting, again outlining the pros and cons of its use.
In accounting, tax is something that must be understood, and that is what the entirety of module 9 sets out to do. Through this module, students will gain an understanding of the different types of taxes applicable to various businesses and individuals, the impact of this and company loss and tax relief, and how to manage and plan for the impact of tax on these groups.
The final module of the Accounting and Bookkeeping Diploma Course teaches students how to analyse and interpret financial statements (Ratio Analysis). This module involves understanding what key financial ratios are, how they are used, and learning how to prepare them and apply them to a business. This will result in students being able to interpret financial statements to be able to draw out valid conclusions, through comparisons to prior years, forecasts and competitors, and the use of sales and expense figure comparisons, asset and liability balances and cash flows, to perform this analysis.
The Accounting and Bookkeeping Diploma Course is aimed at those who wish to pursue a career in accounting but would like to learn some of the core principles, before committing financially to a more involved course. That said, this is a comprehensive course that will be especially useful to business owners who wish to do their own accounts or to at least understand them better.
The Accounting and Bookkeeping Diploma Course will take you up to 150 hours to complete working from home. There is no time limit for completing this course, it can be studied in your own time at your own pace. The course comes with a course assessment in the form of quizzes, written questions and short essays, once you have completed your course assessment please email or post it back to us for marking, you will then receive your feedback and certificates.
This course is certified by the IANLPC (International Association of NLP & Coaching) and the IAHT (International Alliance of Holistic Therapists), both of which are internationally recognised organisations. The IAHT certify personal development, health, fitness and nutrition courses. The IANLPC is a global support network for NLP Professionals and coaches, including the fields of Life Coaching, Hypnotherapy Business Coaching, Leadership, Nutritional, CBT, Personal Development and Holistic Therapy.
Our courses include comprehensive support, should you require any assistance. You can contact our friendly course advisers by telephone or by email.
All course delegates are welcome to attend our regular, ongoing learning and inspirational events. We also hold regular inspirational events in Manchester and London for all students studying any of our courses. The events are a great way to watch live demonstrations of different techniques, learn new skills, have a practice with other students and to meet your tutors. Once you've signed up for any of our courses you will receive details of our different monthly events via email. If you cannot attend our events you can watch a live streaming of the event on our tv channel.
All courses can be paid for using our secure online payment system or via paypal.
If you would prefer to pay via bacs payment or via cheque please email us at firstname.lastname@example.org or call us on 0800 955 6808 for more assistance.
All of the online course materials are emailed over to you as e-documents, if you would prefer a hard copy of the course materials to be posted out to you please select this when checking out.