Accounting studies are an excellent way to diversify knowledge and experience while obtaining professional skills for a successful career, whether you are already an accountant demanding to brush-up on your abilities or interested in a career change. There are accounting programs located in various countries, and each is specific to a sector. Let’s have a glimpse at the AAT Courses in Bookkeeping and accounting education, career possibilities, and other important details.
Table of Contents
- Introduction of Diploma in Accounting
- Accounting Diploma: Key Topics
- Is this Accounting Training course suitable for you?
- Aims and objective
- Accounting Job Roles
- Why should you follow Future Connect Training for Advanced Diploma in Accounting?
- What Next?
Introduction of Diploma in Accounting
All occupations at all levels and spanning every contemporary sector rely on efficient and flawless accountancy services to applications. Even in the instances of non-profit organisations and those of a non-profit nature, the fact that it takes money to run a profession necessitates the provision of reliable accountancy. Exactly how a business is running in a financial sense will always have a remarkable significant impact on both its profitability and position within the manufacturing place. As such, People with practical accountancy skills and knowledge, consistently in high-demand from brands and industrially worldwide.Diploma inAccounting and Finance has customised for students with little or noapprehension in a field.
Accounting courses will educate individuals on how to become more powerful and efficient when performing accounting functions. In accounting education, students may study such topics as financial statement analysis, investments, international finance, and banking. Many courses will also concentrate on how accounting is like other business operations, providing learners with an excellent way of accounting.
Accounting Diploma: Key Topics:
This Diploma in Accounting concerns with the following ten units:
Unit 1 - Introduction to Accounting: Accountancy
It is one of communicating financial data about a business entity. In theintroductory course, candidates, begin by exploring the purpose of accounting from a modern perspective and the role it plays for the contemporary business/organisation along with who precisely relies on accountancy services and why the advantages and limitations of accounting outlined. Candidates also provided with an overview of the most crucial steps in the accounting process.
Unit 2 - Role of an Accountant:
The general role ofaccountants is to ensure the financial effectiveness of an organisation. Theydo this by making sure adequate financial records are maintained, performancereports and dashboards are prepared and presented, efficient tax strategies areadopted, and all regulatory financial and tax rules and adhered too. Thesecond-course unit turns attention away from the industry to focus morespecifically on the professional accountant.
Unit 3 - Accounting Concepts and Standards:
Accounting standardsand concepts are a set of rules and large conventions which aim to providefinancial reporting with a fundamental framework. The considerable professionaljudgements provided by accountants are crucial for financial reporting becausethey give a sense of confirmation for all the accounting policies.This unit is acomplete guide to understanding the basic accounting principles, accountingframework and various accounting concepts. This unit aims to determine theaccounting standards and understand the GAAP (Changing Nature of GenerallyAccepted Accounting Principles), including a complete examination of thedifferent attempts at standardisation. Course content is about accountancystandards and a range of fundamental accounting concepts.
Unit 4 - Journals and Subsidiary Books:
This unit provides apiece of comprehensive information to journals and subsidiaries, thesubdivision of journals and different types of subsidiary books; it alsoillustrates the advantages of journals and subsidiary books, ledgers andsubparts of ledgers. Essentialaccountancy books and periodicals introduced in the fourth-course unit, in which contestants explore the benefits and potential limitations of each. Unitcontent covers the edges of subsidiary books, a basic overview of business ledgersand an overview of the Impress system.In accounting, journals are the books used to record financial transactions to keep a record of all the business transactions that take place; subsidiary books are subdivisions of the journal. They are also called editions of original entry orbooks of prime.
Unit 5 - Profit and Loss of Accounts:
The fifth-coursethe unit provides candidates with an in-depth look at profit and loss accounts,incorporating an exploration of how balance sheets used in conjunction withP&L accounts. How to ensure profit and loss accounts maintained withpinpoint accuracy describes the primary core focus of the unit. A profit and loss statement give a summary of a company’s revenues, expenses, andprofits/losses over a given period. Profit and loss statement show a company’s ability to generate sales, manage costs, and create benefits. It is prepared based on accounting principles which include revenue recognition, matching, andaccruals, which makes it different from the cash flow statement.
Unit 6 - Annual Report:
In the sixth coursethe unit, complexities of a statement are broken down and dissected one by one.Candidates explore a series of core concepts with the balance sheet, includingessential things to be aware of before getting started, what to expect with the content of the balance sheet itself and ultimately how to analyse balance sheet content effectively.A balance sheet is a financial statement that shows a company’s assets, liabilities and shareholders’ equity at a specific point in time and provides a basis forcomputing measures of return and evaluating its capital structure. It is a financial report that provides a snapshot of what a company owns and owes, aswell as the amount invested by shareholders.
Unit 7 - Cash Flow Statements:
The Core concepts included in Unit 7 cover the determining of working capital requirements, avariety of sources of funds and factors that affect fund requirements, how to analyse changes in working capital and where/how the cash flow statement fits in. The cash flow statement (CFS) measures how a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The CFS allows investors to recognise how a company’s operations are running, where the money is coming from and how money spent. The cash flow report measures how well a company manages its cash position, meaning how well the company creates cash to pay its debt requirement and fund its operating expenses.
Unit 8 - Budgeting:
The basics elements of business, budgeting enters the conversation in Unit 8, which advisercandidates through a series of essential subtopics including effective financial planning, controlling budgets, budget classifications, control ratiosand the concept of zero-based budgeting. The course will equip you with an understanding of how to prepare operational budgets, produce cash flowforecasts and use budgets as a control mechanism.Across all businesses, many senior job roles require an understanding of costs, estimates and budgets. Despite this, it is uncommon for individuals in these roles to have had no official financial training or accounting experience before taking on these responsibilities.The course is perfect for anybody, who has no previous financial training or accountingexperience but requires this for their role or career, and for anyone who wants to increase their accountancy knowledge for personal reasons.
Unit 9 - Financial Management:
This programme covers the principles and importance of efficient financial management. Itdeals with planning, investment decision, project analysis managing risk and commercial market.Critical terms highlighted for rapid understanding of the main techniques and concepts. Financial Management means to do proper planning, organising, directing, and controlling thecommercial activities such as procurement and adequate use of funds in the business enterprise. It involves applying operational management principles to the financial resources of the enterprise. The finance manager must decide with regards to the net profit distribution.
Unit 10 - Investment Methods:
In this course unit, a series of essential theoretical teachings centred around investment methodsintroduced and explored. Subtopics covered in Unit 10 concern with investment proposals types, appraisal methods, investment appraisal technique limitations and an overview of depreciation, tax and inflows.
Is this Accounting Training course suitable for you?
It's an essential qualification for a person for starting conciseness on their financial career path looking for junior /entry-level positions such as Bookkeeper, Accounts Assistant or Purchase Ledger Clerk for example.It would also be a useful qualification to gain if you’re a business owner wanting to maintain and manage your business finances confidently. No matter what your reasons for studying this qualification, you can be confident you’ll gain a level of knowledge that means you can confidently apply your new-found skills in any business setting.
There are some career and training progress options available from this qualification. If you take a career goal of serving as a Management Accountant, for example, you could proceed with your studies and seek to obtain an accounting training course qualification. And then fully strengthen your skills and take them to the first level with a Professional Diploma in Accounting.
Aims and Objective
Packed full of useful training the Foundation Diploma in Accounting with AAT is your outline for building a successful career in Finance and holding such a prestigious skill can open many doors.If you are looking to gain an introductory in AAT courses in bookkeeping and accounting, this is a high opening point. Once you’ve completed your program, you will ideally settle to go on and undertake the appropriate AAT qualification examination to get a Foundation Certificate in Accounting (previously Level 2 Certificate in Accounting).
Accounting Job Roles
This qualification is the element of a suite of AAT qualifications available to learners that offer both horizontal and vertical progression channels. Completion of this qualification equips students with an opportunity to be registered as a qualified bookkeeper, or progress on to Professional level and become a full member of AAT upon achieving the associated membership guidelines. The AAT Advanced Diploma in Accounting also presents the foundation skills required to support the establishment of a healthy business.
Skills developed through this qualification can drive to employment as:
- An account assistant
- Accounts payable and expenses supervisor
- An account payable clerk
- An assistant accountant
- An audit trainee
- A credit controller
- A finance assistant
- Finance officers
- A payroll supervisor
- A professional bookkeeper
- A senior bookkeeper
- A tax assistant
Why should you follow Future Connect Training for Advanced Diploma in Accounting?
Future Connect Training is an Award-winning training centre with ACCA, CIMA, and AAT qualified professors who help in significant training and learning. Our specialists will teach you the contents of Accounts Assistant Training that will show you on Accruals, Prepayments, Asset registers, Depreciations, and many more. Our mindfully planned learning experience gives you the most beneficial opportunity of reaching the AAT exams and getting your qualification. Our teaching plans of Accountancy will increase your self-confidence by bettering in a real-life circumstance.
Further, there are many advantages to joining the Future Connect Training Centre: -
- AAT Approved learning provider centre
- Membership with BAC
- Our CPD Confirmed experts provide practical hands-on training.
- Certification and reference from Future Connect Chartered Accountants
- Online 24/7 entree to VLC (Virtual Learning Campus)
- Gives demanded software education that will serve to enhance your practical abilities.
- Gaining MAAT Status
- skilled help to start Accountancy Preparation
- Our educators have many years of practice and will be there to support you throughout the course with one-to-one assistance.
- We will encourage you with globally-recognised accounting software like Sage, Xero, QuickBooks, VT, Auto Entry, Iris, Forbes, and many more.
- Grants learning material and videos for a better perception of the course module
- A dedicated e-portfolio to book your coaching at our East, West and North London and Birmingham offices
- Supports to get a work placement, which will give you a real-time practice to work in the industry.
- One of the steadiest ways to get the aspired job is to hold the path of the skills; are required by organisations.
- Assured job placement
- Recruitment assistance, CV preparation, and furnish you a mock training for the interview.
- We release multiple payment options, including Debit card, Credit card, PayPal, Cash, and Bank Transfer.
Give us a ring on 0203 7908674 or fill the form here also, you can visit out consultancy branches to get details about the course schedules, fees, etc. One of our training masters will be there to help you.