Part-time L7 Diploma in Accounting and Finance
Unit 1: Introduction to Accounting
• Define accounting and its importance in business
• Understand the accounting cycle and its phases
• Learn about financial statements and their purpose
Unit 2: Financial Accounting
• Accounting principles and standards
• Financial statements: balance sheet, income statement, and cash flow statement
• Accounting for different types of assets, liabilities, and equity
Unit 3: Managerial Accounting
• Cost accounting and its importance
• Management accounting and its functions
• Budgeting and forecasting techniques
Unit 4: Accounting Software
• Introduction to accounting software
• Different types of accounting software
• Using accounting software for data entry, analysis, and reporting
Unit 5: Financial Analysis
• Financial analysis techniques and tools
• Ratio analysis, trend analysis, and break-even analysis
• Using financial analysis to make informed business decisions
Unit 6: Taxation
• Introduction to taxation and its importance
• Different types of taxes and tax laws
• Tax accounting and reporting procedures
Unit 7: Auditing
• Definition and role of an auditor
• Types of audits and their objectives
• Ethical considerations and professional standards for auditors
Unit 8: Financial Management
• Financial planning and control
• Capital budgeting and financing decisions
• Risk management and insurance
Unit 9: International Accounting
• Global accounting standards and regulations
• Foreign currency exchange and international accounting
• Cultural differences in accounting practices
Unit 10: Contemporary Accounting Issues
• Emerging technologies and their impact on accounting
• Data analytics and its role in accounting
• Ethical and social considerations in accounting
The assessment is done via submission of assignment. There are no written exams.