Accounting
Level 3
 
Title of learning programme Accounting Programme
Programme level 3
Duration of learning programme 11 weeks x 10 hours
Total number of learning hours per programme 110*

* Please note that this is only an approximate figure and is dependent upon how much time you can dedicate to your studies and also how well you grasp the learning concepts in the course material. Furthermore, at the end of each module there is a question paper which needs to be completed and returned to your personal tutor.

Structure
 
Module Module Title
1

The Role of Accounting in Business Decision Making
2

The Balance sheet
3

The Profit and Loss Account
4

Issues in Measuring Profit and Financial Position
5

The Accounts of Limited Companies
6

Accounting for Companies
7

The Cash Flow Statement
8 Ratio Analysis
 

Learning Outcomes
 

Module 1 - The Role of Accounting in Business Decision Making.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Discuss the four major characteristics of accounting information.
 

Module 2 - The Balance Sheet.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Define your understanding of ‘vertical format’ when preparing a balance sheet.
LO2   Explain the difference between fixed assets and current assets.
 

Module 3 - The Profit and Loss Account.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Compare ‘revenue’ and ‘expenses’ giving examples of each.
 

Module 4 - Issues in Measuring Profit and Financial Position.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Discuss the three main stock valuation methods.
LO2   Explain how a business deals with bad debts.
 

Module 5 - The Accounts of Limited Companies.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Define why companies issue bonus shares.
LO2   Summarise your understanding of the ‘reserves’ of a company.
LO3   Evaluate the difference between preference shares and debentures.
 

Module 6 - Accounting for Companies.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Analyse your understanding of a profit and loss appropriation account.
 

Module 7 - The Cash Flow Statement.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Define how to prepare a cash flow statement.
LO2   Evaluate the date that is derived from the cash flow statement.
 

Module 8 - Ratio Analysis.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Discuss the three main benchmarks that are used to compare the ratios generated for a business.

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