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Accounting & Finance - Diploma Level 5

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Accounting & Finance - Diploma Level 5

Course Overview

Advanced Certificate in Accounting and Finance

The importance of the roles accountants play in businesses and the larger society cannot be overemphasised. From ensuring the quality of financial reporting, drafting financial analysis and strategies, mitigating risk to advising management on compliance issues, accountants are vital pillars that help to actualise organisational aims and goals.

This Advanced Certificate in Accounting and Finance (Level 5) provides candidates – with  or without the knowledge of accounting – with a dynamic introduction to modern finance. Over the course of thirteen units that touches on core areas of accounting, candidates are taken through the world of modern-day finance, which equips them with the required skill and expertise to navigate any financial storm.

Our Level 5 Advanced Accounting Course begins with an overview of accounting and the roles of accountants in organisations. It then moves on to the concepts of accounting, account types and creating a balance sheet. Candidates then explore cash flow statements, budgeting and variance and ration analysis.  Aside from looking into financial management and finance, candidates learn how to manage working capital. The course concludes with a crirtical investigation of various investment methods.

With no deadlines or time limits, our accounting classes online have been designed for candidates to optimise learning and at the same time, carry on with their day-to-day activities. Furthermore, each candidate is assigned a personal tutor that provides full support and guidance from the commencement of the course to its completion. At the end of the course, candidates are awarded a certificate endorsed by ABC – a leading national awarding organisation.

Course Syllabus

The Advanced Diploma in Accounting and Finance consists of the following 13 units.

Unit 1: An Overview of Accounting

In the first unit, candidates are introduced to the concepts of accounting, the benefits of accounting services to organisations and a summary of various ways of analysing financial transactions. The unit also centres on the type of people who require financial information such as financial analyst, banks, investors and so on.

Unit 2: What does an Accountant do?

With a thorough understanding of what accounting entails, candidates’ knowledge of the roles of accountants in the society is further broadened in this unit. The unit looks at the different types of accountants such as financial advisors, Auditors etc., and reveals the roles of each of them. Furthermore, the general roles, duties and responsibilities of the modern-day accountant are also explained.

Unit 3: The Accounting Concepts and Standards

Taking candidates away from the preliminaries, unit 3 delves fully into the course with a discussion of the core concepts and standards of accounting. The unit expounds the standards of financial report, which guides accounting practices. Candidates are also exposed to a variety of principles that make up the accounting concepts.

Unit 4: What is a Subsidiary Books Account

The course content moves on to the introduction of one of the most essential accountancy books – the subsidiary books account. In this unit, candidates learn the types of subsidiary books such as Sales book, Purchases book etc., their advantages as well as their limitations.

Unit 5: How to Prepare Profit and Loss Account

Unit 5 looks critically at one of the crucial aspect of accounting – the profit and loss account. This unit discusses the importance of an accurate profit and loss account in the decision-making process of a company. It also touches on the various components of a P&L statement. Finally, candidates are taught how to prepare a profit and loss account.

Unit 6: How to Create a Balance Sheet

The sixth unit critically walks candidates through the concepts and complexities of a balance sheet.  The importance of a balance sheet in identifying a company’s assets and liabilities is also elaborated. In addition, candidates are taken through a step by step process of creating and analysing a balance sheet effectively.

Unit 7: Cash Flow Statements

In Unit seven, candidates’ attention is turned to one of the most important financial statement – the Cash flow statements. This module discusses how the cash flow statement works by analysing money inflow and outflow, investing activities and the financial activities of an organisation.

Unit 8: Budgeting - Practical Money Skills

Budgeting is the topic of discussion in Unit eight, which introduces candidates to the concept of budgeting, its types as well as the processes involved in drawing a budget. The benefits of budgeting as a vital tool of financial management are also discussed.

Unit 9: Cost Variance Analysis

The ninth unit expounds the concept of cost variance analysis, which is a key performance evaluation tool used in calculating the difference between expected cost and incurred cost. Sales variance, materials variance, volume variance and other types are also discusses. 

Unit 10: What is Ratio Analysis?

Candidates’ knowledge of accounting is further broadened with an investigation of ratio analysis, which is the evaluation of an organisation’s financial health. This unit also reveals the primary ratios used for analysis.

Unit 11: Finance and Financial Management

The eleventh unit focuses on the concept of financial management and its importance to the success of an organisation. It explores the various aspects of financial management including planning, organising, controlling and monitoring financial resources, the establishment of financial goals and risk management.

Unit 12: How to Manage Working Capital

Attention shifts to the management of working capital in the twelfth unit. Candidates learn how to monitor and utilise the current assets and current liability to ensure the smooth financial operation of an organisation. Candidates also explore the various components and factors affecting working capital.

Unit 13: Investment Methods

The course ends with a look at the concept of investment methods. The unit further gives an in-depth explanation of the categories of investment methods and delves into the types of investment proposals, appraisal methods, and investment appraisal techniques.

Career Path

The Advanced Diploma in Accounting and Finance is a gateway to accounting opportunities all over the world. On completing the course, candidates are better placed to secure work in accounting firms and other businesses. Candidates may also find work as financial consultants, financial advisers, and financial analyst or as tax advisers. Qualified accountants who love to be their own boss can also set up their firms. Annual salary ranges between £26,000 up to £63,000 according to experience and expertise.

Who Shoud Take This Course
  • Senior accountants looking to gain modern skills and techniques of accounting
  • Graduates looking to switch to the field of accounting
  • Qualified accountants who are keen to broaden their knowledge of modern-day finance
  • Existing accountants seeking promotion
  • Business owners who wish to acquire accounting skills to better manage their business
  • Anyone who wish to give their CV a boost

At the end of this course successful learners will receive a Certificate of Achievementfrom ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme.  This means that Certification for Professional Development (CPD) 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 5 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 Certification for Professional Development (CPD) to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa 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.

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.

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Level Level 5
Duration 320 Hours
Endorsement Body Endorsed By ABC Awards and Certa Awards


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Bulk discounts are available on purchases of 10 or more courses. If you wish to discuss a large individual order for this course, and/or would like to be invoiced in advance, please call our sales team on +44 2071019663 to make an enquiry.

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