Course content
1. Financial Accounting: This course introduces students to the fundamental principles and concepts of financial accounting. Topics covered include recording transactions, preparing financial statements (such as balance sheets, income statements, and cash flow statements), and analyzing financial data.
2. Managerial Accounting: Students learn about the use of accounting information for managerial decision-making. Topics covered may include cost-volume-profit analysis, budgeting, variance analysis, and performance measurement.
3. Taxation: This course focuses on the principles and practices of taxation. Students learn about various tax laws, regulations, and procedures for individuals and businesses. Topics covered may include income tax, sales tax, payroll tax, and tax planning strategies.
4. Auditing: Students gain an understanding of the auditing process, including the evaluation of internal controls and the examination of financial records to ensure accuracy and compliance. Topics covered may include auditing standards, procedures, and ethics.
5. Accounting Software Applications: This course provides hands-on training in using accounting software commonly used in the industry, such as QuickBooks or Sage. Students learn to perform tasks such as recording transactions, generating financial reports, and managing accounts.
6. Business Law and Ethics: Students learn about legal and ethical considerations relevant to accounting practices. Topics covered may include contracts, business organizations, professional ethics, and corporate governance.
7. Financial Analysis: This course focuses on analyzing financial statements and using financial ratios and other tools to assess the financial health and performance of businesses. Students learn how to interpret financial data and make informed business decisions.
8. Payroll Accounting: Students learn the principles and processes involved in managing payroll, including calculating wages, deductions, and taxes. They also learn about payroll regulations and compliance requirements.
9. Professional Communication Skills: Effective communication skills are crucial in the accounting profession. This course helps students develop written and oral communication skills specific to accounting contexts, such as preparing financial reports and communicating financial information to stakeholders.
10. Practicum or Work Placement: Some diploma programs may include a practicum or work placement component where students can gain real-world experience in an accounting setting. This allows students to apply their knowledge and skills in a professional work environment.
Assessment
The assessment is done via submission of assignment. There are no written exams.
London School of International Business