Accounting and Finance Level 4 and 5

• Explore external issues that may affect the business such as economics, nature, competition and international dimensions.

• Study key areas of accounting from a business perspective, as well as how accountancy can inform and guide decisions made by management.

• Understand the importance of managing resources and how they can help the organisation to achieve significant gains.

• Improve your knowledge of numeric exercises and how they can be used within the context of the business.

• Learners will understand accounts and how they can provide valuable insights into the health of the business.

• Explore the methods of financial control using budgets, including developing and implementing departmental budgets which are then combined to form a master budget.

• Understand how financial performance can be assessed in organisations, including the use of financial statements and accounting standards.

• Learn more about the application and meaning of commonly used financial ratios.

• Study the preparation and presentation of the three financial statements.

• Improve your knowledge of how to determine financial efficiency, including debt repayment capacity and investment appraisals to assess the future financial success of the organisation.

• Understanding the necessary skills and qualities of entrepreneurs.

• Examine the structure of organisations and why they are structured in that way. How is this determined? Why does it differ between organisations?

• You will complete exercises in accounts throughout this module to understand what they are telling us and the actions that analysis can precipitate.

• Understand the importance of goal setting and how a company can work towards achieving this.

• Discover the impact that politics has on a business, both positive and negative, including economic impacts, exports and the support of the government.

• Explore the statutory responsibilities of managers as learners look into the legalities of business and business executives.

• Look at governance and equality as a means to do right in business.

• Evaluate the performance of the people within your business and how you can improve as a unit. Review reward structures, training, CPD and development.

• Analyse markets, customers, competitors and products, and how they can come together.

• Understand the use of numeric exercises and their purpose within a business.

This course is assessed through online assessments and written assignments. Once you have completed each module, you will be provided with an online assessment of 30 multiple-choice questions to complete.

Once each module and online assessment is completed you will be provided with the details for each written assessment. Each assessment is between 3000 – 5000 words long.

You will have access to your course and materials for five years. This is more than enough time to give you flexibility and work at your own pace without the pressure of deadlines.

Each module contains 40 guided learning hours of study material, and an additional 30-50 hours of optional materials are also provided. These include resources such as exercises, additional reading, internet resources and self-testing exercises.

You will study this course by distance learning, which will enable you to learn when and where you want. You can study from home or at work, it is completely up to you. All of your materials will be posted or online, depending on the study method you choose. If you choose to study online, your login details will be emailed to you. You will also receive our tutor support by email, so help is only a click away.

One-to-one Skype sessions with your tutor will be provided, as well as interactive and informative webinars. Students can also get help from a community of students/tutors in an online social learning forum to help along the journey.

This course is taught via Online Business School. Upon completion of this course, students will receive a Qualifi Level 4 Diploma in Accounting and Finance (610/0796/1) and Qualifi Level 5 Diploma in Business Management (601/6049/4).

The level 4 modules and assessments are equivalent to the first year of an undergraduate degree, and the level 5 modules and assessments are equivalent to the second year of an undergraduate degree. On completion of this course, students will be able to progress onto a final year of an accredited undergraduate degree programme or equivalent.

Upon completion of the Accounting and Financing Level 4 course and the Level 5 Extended Diploma in Management, you will be able to progress onto a final year of an accredited undergraduate degree programme or equivalent.

Take a read of our ‘How to Become an Accountant‘ career guide.