This course teaches how to accurately record accounting and financial transactions and how to analyse their effects; it explains how to manage and prepare accurate, professional final accounts, and how to interpret accounting data to control the enterprise and to manage costs, working capital and profits. It covers how to manage finances and raise new finance. It deals with bookkeeping, cost accounting and budgeting, investment and risk, and teaches how to make effective use of accounting data to make good financial decisions. This Diploma is a “must have” qualification for people looking to advance in this field, and to rise to middle and higher level accounting and finance posts in business, commercial or public service.
Module 1 – The Need for Complete and Accurate Accounting Information
- The need for full and accurate accounting information
- Functions of accounting: recording and analysing transactions; reports and statements
- Limitations of financial statements
- Accounting terms and meanings
Module 2 – Capital and Business Finance
- Initial capital and financing businesses; sole proprietors, partnerships, companies
- Working capital, income & expenditure, cash flow and liquidity
- Financial decisions and investments
- Financial assets, gearing and risk; investment appraisal
Module 3 – Principles of Bookkeeping and Books of Account
- Principles of bookkeeping, the ledge, double-entry bookkeeping
- Books of account: cash book, sales book, purchases book, returns books, journals
- The trial balance, manual and computerised accounts
- Bank accounts: current, deposits, savings, interest
Module 4 – Final Accounts (1)
- Financial accounting concepts
- Goodwill, prepayments and accruals
- Trading and manufacturing accounts
- Statistics, percentages and ratios
Module 5 – Final Accounts (2)
- Profit & loss accounts; information, layout, interpretation
- Balance sheets; information, layout, interpretation, equity
- Analysis, ratios, calculations
- Gross profit, net profit, wealth; stock turnover
Module 6 – Principles of Costing
- Purposes, benefits and limitations of cost accounting; key terminology
- Different costing systems explained
- Overheads and allocation
- Standards, variances, activity based costing
Module 7 – Planning and Forecasting, Budgets and Budgeting
- Business objectives, policy formulation; interpretation and implementation
- Financial planning and forecasting
- Budgets and budget preparation; sub-budgets and the master budget
- Budgetary control, variances; inflation
Module 8 – Stock and Inventory Control
- Stock management and control; inventory costs
- Factors affecting the management of stocks and inventory
- Stock levels; factors affecting levels set; types of levels
- Stocktaking and valuation of stocks and work in progress
Module 9 – Credit, Credit Control, Discounts
- Types and common forms of credit
- The role and importance of credit
- Credit control, credit limits and creditworthiness, dangers and bad debts
- Discounts: types, purposes, accounting treatment
Module 10 – Partnership Accounts, Departmental and Branch Accounts, Hire Purchase
- Special features of business partnership accounts, goodwill
- Departmental accounts; purposes, analysis, apportioning expenses
- Branch accounts; centralised, decentralised, consolidated trading, p&l and balance sheets
- Hire purchase, accounting treatment, agreements
Module 11 – Interpretation of Final Accounts, Pricing Policy, Auditors and Auditing
- Working capital management, cash and funds flows, liquidity, borrowing
- Accounting ratios, interpretation & analysis, break-even analysis
- Pricing policy, factors influencing selling prices
- Auditing and auditors; duties, activities
12 – Computerised Accounting Systems and ‘Packages’
- Computers in accounting, characteristics of computers and systems
- Components of accounting systems; hardware, software, databases
- Applications and advantages of computerised accounting
- Organisation and security of data; management information
WHAT IS INCLUDED IN THE MODEST CIC FEE
Your CIC Fee includes:-
- Your enrolment/registration with Cambridge International College, and your own high-quality, professionally produced and illustrated comprehensive International CIC Study & Training Publications.
- A detailed, professional ‘Study & Training Guide’ with full instructions on how to study to achieve success and gain top results. The Guide includes detailed advice on how to answer Self-Assessment Tests, Training Tests and Examinations.
- Self-Assessment Tests and Recommended Answers for them, and a Progress Chart.
- Two Progress/Training Tests (which can be used as ‘Past Papers/Questions’) with an optional Tutorial Support Service.
- The Final Examination sat under Invigilation/Supervision in your own area – full details, guidance and explanation of how your Examination will be arranged and how Invigilation is conducted will be provided when you register. Note, CIC arranges Examinations in over a hundred countries worldwide for thousands of Members every year; it is a flexible, straightforward process and will be arranged when YOU are ready to write your Examination.
- The prestigious Cambridge International College Diploma on successful completion of your Study & Training and on passing the Final Examination.
- Your personal page on CIC’s Member Services website with access to results, despatch details, advice and guidance, and more: www.cambridgeinternationalcollege.co.uk
- Regular information and news including: Newsletters with details of special offers and new Programs and much more; and Competition Forms; by email and post.
Everything needed for your Study & Training success is included in the CIC Fee.
- Further Study and Training Advice, and Assistance is available before, during and after CIC Study & Training; Members may ask CIC’s team of experienced Consultants for advice on further study and Programmes to improve career prospects and advancement.
- CIC’s experienced and helpful staff can assist with numerous special requests, such as reference/recommendation letters and transcripts, and more, by post and email.