Online Diploma in Accounting
$250.00
This diploma will give you the skills and knowledge you need to start your career in accounting or pursue further studies in this field.
Course overview:
The Online Diploma in Accounting is a comprehensive course that covers all the essential accounting topics. You will learn how to prepare financial statements, manage budgets, and use accounting software. This diploma will give you the skills and knowledge you need to start your career in accounting or pursue further studies in this field.
Course structure:
This diploma course is delivered completely online, so you can study at your own pace and in your own time. The course is divided into 10 units, each of which covers a different aspect of accounting.
Unit 1: Introduction to Accounting
In this unit, you will be introduced to the basics of accounting. You will learn about financial statements, debits and credits, and double-entry bookkeeping.
Unit 2: Accounting Software
In this unit, you will learn how to use accounting software to manage your finances. You will be introduced to different accounting packages and learn how to use them to record transactions, prepare financial statements, and generate reports.
Unit 3: Financial Statements
In this unit, you will learn how to prepare financial statements. You will be introduced to the different types of financial statements and learn how to interpret them.
Unit 4: Budgets and Forecasting
In this unit, you will learn how to prepare budgets and forecast future income and expenditure. You will be introduced to different budgeting methods and learn how to use them to make informed decisions about your finances.
Unit 5: Management Accounting
In this unit, you will learn about management accounting. You will be introduced to cost accounting, activity-based costing, and break-even analysis. You will also learn how to use accounting information to make decisions about pricing, product mix, and resource allocation.
Unit 6: Financial Reporting
In this unit, you will learn about financial reporting. You will be introduced to different types of financial reports and learn how to prepare them. You will also learn about disclosure requirements and International Financial Reporting Standards (IFRS).
Unit 7: Taxation
In this unit, you will learn about taxation. You will be introduced to different types of taxes and learn how to calculate them. You will also learn about tax planning and the different strategies that can be used to minimise your tax liability.
Unit 8: Auditing
In this unit, you will learn about auditing. You will be introduced to different types of audits and learn how to perform them. You will also learn about the different types of audit reports and the requirements of the International Standards on Auditing (ISA).
Unit 9: Ethics and Professionalism
In this unit, you will learn about ethics and professionalism in accounting. You will be introduced to the code of ethics for accountants and learn about the principles of professional conduct. You will also learn about the different types of ethical dilemmas that can arise in accounting and how to resolve them.
Unit 10: Career Planning
In this unit, you will learn about career planning. You will be introduced to different career paths in accounting and learn about the skills and qualifications that are required for each. You will also learn about job search strategies and how to prepare for interviews.
Course outcomes:
Upon successful completion of this course, you will be able to:
– Understand the basic concepts of accounting and financial statements
– Use accounting software to record transactions and prepare financial statements
– Understand the different types of financial statements and how to interpret them
– Prepare budgets and forecast future income and expenditure
– Understand management accounting concepts such as cost accounting and activity-based costing
– Understand financial reporting requirements and prepare financial reports
– Calculate different types of taxes and prepare tax returns
– Perform audits and prepare audit reports
– Understand the principles of professional conduct and ethics in accounting
– Plan your career in accounting and prepare for job interviews.
Glossary:
Accounting: The process of recording, classifying, and summarising financial transactions to provide information that is useful in making business decisions.
Financial statements: A summary of a company’s financial position, performance, and cash flow.
Budget: A plan that sets out the expected income and expenditure of an organisation over a period of time.
Forecasting: The process of estimating future income and expenditure based on past trends and current economic conditions.
Management accounting: The process of identifying, measuring, analysing, interpreting, and communicating information to support decision making in an organisation.
Cost accounting: The process of allocating costs to products or services.
Activity-based costing: A method of allocating costs to products or services based on the activities that are required to produce them.
Break-even analysis: A tool used to determine the point at which a company will make a profit or loss.
Taxation: The process of levying taxes on individuals or businesses.
Auditing: The process of examining an organisation’s financial statements and other information to ensure that they are accurate and comply with relevant laws and regulations.
International Financial Reporting Standards (IFRS): A set of international accounting standards that companies must use when preparing their financial statements.
Code of ethics: A set of ethical principles that guide the conduct of accountants.
Professional conduct: The standards of behaviour that are expected of accountants.
Ethical dilemma: A situation in which an individual must choose between two courses of action, each of which has ethical implications.
Career planning: The process of setting career goals and planning the steps to achieve them.
Financial accounting: The process of recording, classifying, and summarising financial transactions to provide information that is useful in making business decisions.
Accounting program: A course of study that leads to a professional accounting designation.
Accounting profession: The occupation of providing accountancy services.
Corporate finance: The area of finance that deals with the financial decisions of companies.
Managerial accounting: The process of identifying, measuring, analysing, interpreting, and communicating information to support decision making in an organisation.
Cost management: The process of allocating costs to products or services.
Financial planning: The process of setting financial goals and planning the steps to achieve them.
Chartered professional accountant: A professional designation granted to individuals who have met the educational and experience requirements of the accounting profession.
Management accounting: The process of identifying, measuring, analysing, interpreting, and communicating information to support decision making in an organisation.
Management controls: The systems and procedures that are used to ensure that an organisation’s financial and operational objectives are met.
Advanced standing: Recognition of prior learning that may be used to exemption from certain requirements of an accounting program.
