Description

***Accounting & Finance - Level 5***

Accounting and finance assist businesses in measuring, monitoring, and planning their operations. This Accounting & Finance - Level 5 course has been designed to provide a thorough introduction to business Accounting and Finance as both an idea and a profession.

This Accounting & Finance - Level 5 course will equip you with in-demand accounting and finance skills as well as the ability to complete practicable processes while working in an organisation. This could be tricky, especially if this is your first consignment in the accounting and finance sector. Our Accounting & Finance - Level 5 course provides a solid understanding of accounting and financial methods, concepts, and duties to properly prepare you for a career in the accounting and finance sector.

***Others Benefits of this Accounting & Finance - Level 5 Course

Free One PDF Certificate

Lifetime Access

Unlimited Retake Exam

Tutor Support

[ Note: Free PDF certificate as soon as completing the course ]

***Accounting & Finance - Level 5***

Detailed Course Curriculum of this Accounting & Finance - Level 5 Course:

Module 1: Essentials of Accounting and Finance

Identify the Non-Financial Manager's Concern with Finance

The Importance of Finance

Financial and Operating Environment

Module 2: Types of Cost Data and Cost Analysis

The Importance of Cost Data

Types of Costs

How Do Your Costs Behave?

Segregating Fixed Cost and Variable Cost

Cost Allocation

Cost Analysis

What You Can Learn from the Japanese?

Module 3: Contribution Analysis

Should You Accept a Special Order?

How Do You Determine a Bid Price?

Determining Profit from Year to Year

Are You Utilising Capacity?

Module 4: Break-Even and Cost-Volume-Profit Analysis

What is Cost-Volume-Profit Analysis?

What and Why of Break-Even Sales?

What is the Margin of Safety?

Cash Break-Even Point

What is Operating Leverage?

Sales Mix Analysis

Module 5: Relevant Cost and Making Short-Term Decisions

What Costs Are Relevant to You?

Accepting or Rejecting a Special Order

Pricing Standard Products

Determining Whether to Sell or Process Further

Adding or Dropping a Product Line

Utilising Scarce Resources

Don't Forget the Qualitative Factors

Module 6: Forecasting Cash Needs and Budgeting

Forecasts

Using Forecasts

Preparing Financial Forecasts

Budgets

The Sales Budget

The Production Budget

The Direct Material Budget

The Direct Labour Budget

The Factory Overhead Budget

The Ending Inventory

The Selling and Administrative Expense Budget

The Cash Budget

The Budgeted Income Statement

The Budgeted Balance Sheet

A Shortcut Approach to Formulating the Budget

Module 7: Cost Control and Variance Analysis

Defining a Standard

The Usefulness of Variance Analysis

Setting Standards

Determining and Evaluating Sales Variances

Cost Variances

Labour Variances

Overhead Variances

The Use of Flexible Budgets in Performance Reports

Standards and Variances in Marketing

Sales Standards

Variances in Warehousing Costs

Module 8: Managing Financial Assets

Working Capital

Financing Assets

Managing Cash Properly

Getting Money Faster

Delaying Cash Payments

Opportunity Cost of Foregoing a Cash Discount

Volume Discounts

Module 9: Managing Accounts Receivable and Credit

Credit References

Credit Policy

Analysing Accounts Receivable

Module 10: Managing Inventory

Inventory Management Considerations

Inventory Analysis

Determining the Carrying and Ordering Costs

The Economic Order Quantity (EOQ)

Avoiding Stock Outs

Determining the Reorder Point or Economic Order Point (EOP)

The ABC Inventory Control Method

Supply Chain Management

Module 11: The Time Value of Money

Future Values - How Money Grows

Future Value of an Annuity

Present Value - How Much Money is Worth Now?

Present Value of Mixed Streams of Cash Flows

Present Value of an Annuity

Perpetuities

Applications of Future Values and Present Values

Module 12: Capital Budgeting Decisions

Types of Investment Projects

What Are the Features of Investment Projects?

Selecting the Best Mix of Projects With a Limited Budget

Income Taxes and Investment Decisions

Types of Depreciation Methods

How Does MACRS Affect Investment Decisions?

The Cost of Capital

Module 13: Improving Managerial Performance

What is Return on Investment (ROI)?

What Does ROI Consist of? - Du Pont Formula

ROI and Profit Objective

ROI and Profit Planning

ROI and Return on Equity (ROE)

Module 14: Sources of Short-Term Financing

Trade Credit

Cash Discount

When are Bank Loans Advisable?

Working with a Bank

Issuing Commercial Paper

Using Receivables for Financing

Using Inventories for Financing

Module 15: Considering Term Loans and Leasing

Intermediate-Term Bank Loans

Using Revolving Credit

Insurance Company Term Loans

Financing with Equipment

Leasing

Module 16: Long-Term Debt and Equity Financing

Types of Long-Term Debt

Equity Securities

How Should You Finance?

Module 17: Accounting Conventions and Recording Financial Data

Double Entry and the Accounting Equation

Assessment Method

After completing each module of the Accounting & Finance - Level 5 course, you will find automated MCQ quizzes. To unlock the next module, you need to complete the quiz task and get at least 60% marks. Once you complete all the modules in this manner, you will be qualified to request your certification.

Certification

After completing the MCQ/Assignment assessment for this Accounting & Finance - Level 5 course, you will be entitled to a Certificate of Completion from Training Tale. It will act as proof of your extensive professional development. The certificate is in PDF format, which is completely free to download. A printed version is also available upon request. It will also be sent to you through a courier for £13.99.

Who is this course for?

Accounting & Finance - Level 5

This Accounting & Finance - Level 5 course is ideal for:

Candidates interested to start a career in accountancy

Business owners seeking to look after their own accounts

Existing accountancy workers in seeking higher positions or promotion

Accountancy workers with no formal qualifications

Anyone wishing to boost their career prospects.

Requirements

Accounting & Finance - Level 5

There are no specific requirements for Accounting & Finance - Level 5 course because it does not require any advanced knowledge or skills.

Students who intend to enrol in this Accounting & Finance - Level 5 course must meet the following requirements:

Good command of the English language

Must be vivacious and self-driven

Basic computer knowledge

A minimum of 16 years of age is required

Career path

Accounting & Finance - Level 5

This Accounting & Finance - Level 5 course may lead you to a variety of career opportunities.

Accounts Assistant

Accounts Payable & Expenses Supervisor

Accounts Payable Clerk

Audit Trainee

Payroll Administrator / Supervisor

Tax Assistant / Accountant.

Accounting Clerk

Auditing Clerk

Accounts Receivable Clerk

Certificates

Certificate of completion

Digital certificate - Included

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Accounting & Finance Level 5

By Training Tale

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