Basic Accounting Certificate

The Accounting Course offers students the necessary information required to manage your business better or begin a career in the financial industry in the United Kingdom.

This online training course provides students with instruction that will put you on the path to beginning a career as a successful accountant.

Accounting plays a critical role in maintaining and processing the important financial information that helps to operate a profitable business. This is a wide subject that focuses not only on accounting records, but on bookkeeping, taxes and on all aspects of finance. In order to prepare you in this regard, this course offers you a comprehensive overview of what you can expect from your career in accounting and finance.

Introduction to the Accounting Course

As this is an online training course students have the ability to study curriculum whenever and wherever it is convenient for them. Many enrolled students are still able to work full time and maintain an active lifestyle.

Our study material is easily accessed across any device with an internet connection with online support available while you train. After successful completion of this course and a multiple choice exam, you will be awarded your certificate. For a small cost, we can post the certificate for you, or you can download and print it from home.

What You Will Learn

The accounting diploma course prepares students for a career in the financial industry by offering a comprehensive overview of accounting and finance.

This course will cover:

  • An introduction into the importance of accounting
  • A look at four ways to structure your business
  • How to deal with relevant government bodies, registering and filing
  • The benefits of a business bank account
  • How to set up a business bank account
  • Evaluating funding sources for your business
  • Dealing with money from customers
  • How to keep track of business costs and tax relief
  • The essentials of recordkeeping and bookkeeping
  • How to deal with taxes
  • Employing staff
  • Taking money out of your business
  • How to read the profits, cash and ratios in your accounts
  • Using forecasting methods to plan for the future
  • How to know if you need an accountant
  • Ethical practices of an accountant

Benefits of the Accounting Diploma

The Accounting Diploma offers students a variety of benefits.

These include the following:

  • The convenience of studying from home, or anywhere with an internet connection.
  • The ability to study at your own pace. There is no time limit for this course, so if it takes days, weeks or months, you can still complete your studies.
  • Study material that is available across any device with an internet connection including computers, tablets or mobile phones.
  • Convenient easy to manage course modules that make studying more enjoyable.
  • Online support available to help keep you focused while you study.
  • The opportunity to learn using a comprehensive syllabus that assists you in acquiring the knowledge necessary to start your career in accounting.
  • Improving your prospects while you apply for work in the financial industry.
  • After successful course completion, you will earn a certified and recognised diploma.
  • An affordable pricing structure.


Course Modules/Lessons

Module 1 : Introduction to the Importance of Accounting

  • What is accounting and how does it help to operate a business profitably?
  • Various subfields of accounting
  • Characteristics of accounting information
  • Functions, advantages and objectives of accounting

Module 2 : Four Possible Ways in Which to Structure Your Business

  • Four possible ways in which a business can be structured.
  • Information about Sole Proprietorship, Partnership, Limited Liability and Unincorporated Association.
  • How every structure is affected by different tax payment procedures.
  • Advantages and disadvantages of a different business structure.

Module 3 : Dealing with Relevant Government Bodies and Registering and Filing

  • What is HMRC? Its responsibilities
  • How to register with HMRC
  • Setting up a sole trader business
  • Setting up a partnership business

Module 4 : Setting Up and the Benefits of a Business Bank Account

  • What are the benefits of a business bank account?
  • What is a business current account?
  • How is it beneficial to have a business current account?
  • Who can apply for a business current account?

Module 5 : Evaluating the Sources of Funding for Your Business

  • Bootstrapping
  • Family and friends
  • Bank loans
  • Business angel

Module 6 : Dealing with Money from Customers

  • Full information about VAT
  • Who needs to register for VAT
  • Invoicing
  • What should be included on an invoice

Module 7: Keeping Track of Business Costs and Tax Relief

  • The importance of keeping cost records
  • Separating costs
  • Two important tools to use to track costs
  • Which costs you can use to pay less tax

Module 8 : Essential Record Keeping and Bookkeeping

  • What records HMRC say you must keep
  • How and for how long to keep your business’s paperwork
  • How often you need to prepare accounts
  • What management accounts are

Module 9 : Dealing with Dreaded Taxes

  • What is VAT and who has to register for it?
  • Why register for VAT, if it is not necessary to do so? When should you avoid registering for VAT?
  • How to register for VAT
  • What is the difference between invoice and cash accounting, how to work out how much VAT to pay and what is the VAT flat rate scheme?

Module 10 : Employing Staff

  • Registering as an employer with HMRC
  • How to run a payroll
  • In-house payroll
  • What is PAYE?

Module 11: Taking Money Out of Your Business

  • Dividends
  • IR35
  • Directors loans
  • Salary

Module 12 : Reading your accounts Part I: Profit

  • Introduction to the profit and loss account
  • What is the difference between net profit and other forms of profit?
  • What important information can you get from a profit and loss account?
  • What information is not included in a profit and loss account?

Module 13: Reading your accounts Part II – Cash

  • Introduction to the balance sheet
  • Assets
  • Liabilities
  • Capital

Module 14: Reading your accounts Part III – Ratios

  • What are accounting ratios?
  • Introduction to financial ratios
  • How to calculate liquidity ratios, profitability ratios and efficiency ratios
  • What information can these ratios provide for your business?

Module 15: Using Basic Forecasting Methods to Plan for the Future

  • An introduction to forecasting
  • Types of forecasting problems
  • Different forecasting methods
  • Forecasting for small businesses

Module 16 : Do You Need an Accountant?

  • Facts about accountancy numbers in the UK
  • Which businesses should have an accountant
  • At what point in your company's life does it need an accountant?
  • How a good accountant can help your business

Module 17 : The Daily Life and Ethical Practice of an Accountant

  • Accounting facts
  • A day in the life of an accountant
  • Benefits of a career in accounting
  • The place of ethics in accounting

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FAQ's

  • Who can take the Introduction to Accounting Certification course?

    There are no entry requirements to take the course.

  • What is the structure of the course?

    The course is broken down into 17 individual modules. Each module takes between 20 and 90 minutes on average to study. Although students are free to spend as much or as little time as they feel necessary on each module.

  • Where / when can the course be studied?

    The course can be studied study at any time and from any internet connected device

  • Is there a test at the end of the course?

    Once you have completed all 17 modules there is a multiple choice test. The questions will be on a range of topics found within the 17 modules. The test, like the course, is online and can be taken a time and location of your choosing.

  • What is the pass mark for the final test?

    The pass mark for the test is 70%.

  • What happens if a user fails the test?

    If the user doesn’t pass the test first time they will get further opportunities to take the test again after extra study. There are no limits to the number of times a test can be taken.

  • How long does it take to complete the Introduction to Accounting Certification course?

    We estimate that the course will take about 12 hours to complete in total, plus an additional 30 minutes for the end of course test.