Level 4 & 5 Accounting and Finance

The level 4 (diploma in accounting and finance) and level 5 (diploma in business management) are a 240 credit course designed to fast-track students to the final year of an associated undergraduate degree in accounting and finance, which can either be completed at a UK university on campus or via distance learning. 

This course’s level 4 modules and assignments are equivalent to the first year of a university degree. The level 5 modules and assignments are equivalent to the second year of a university degree. 

This course comprises 10 level 4 modules (120 credits) and 10 level 5 modules (120 credits); each level also includes 6 written assignments. If a student decides to only study at level 4, they will receive 120 credits and can apply for an exemption from the first year of a university degree course. 

Each module consists of approximately 40 guided learning hours of material with an additional 30-50 hours of optional learning material. These materials comprise recommended exercises, recommended readings and internet resources. 

Level 4 Diploma in Accounting and Finance

What you’ll learn

Units

• The Business Environment – Explore issues outside of the business that may affect the company and its operations. Looking into economics, international dimensions, nature and competition.
• Managing and Using Finance – This module covers key areas of accounting, as seen from a business perspective. It explains how accountancy can inform and guide management decisions.
• Maximising Resources to achieve Business Success – An organisation that fails to dedicate sufficient attention to its use of resources will prove to be unprofitable over time. By being observant and prudent, any organisation can achieve significant gains from managing its resources.
• Quantitative Skill – On successfully completing this module, learners will have knowledge of numeric exercises and will understand their use within the business context.
• Morden Accounting – On successfully completing this module, learners will have knowledge of numeric exercises and will understand their use within the business context.
• Budgetary Control – This module aims to explain methods of financial control using budgets. This includes development and implementation of departmental budgets, which are combined to form a master budget.
• Financial Performance – This module aims to demonstrate how financial performance can be assessed in organisations. This includes the use of financial statements and accounting standards. It also examines ways for raising finance over different periods of time.
• Financial Ratios – This module aims to demonstrate the application and meaning of the commonly used financial ratio. This includes examining liquidity, solvency, gearing and profitability.
• Financial Statements – This module describes the preparation and presentation of the three financial statements. This includes the accounting concepts used.
• Further Ratios and their interpretation – This module aims to demonstrate how to determine financial efficiency. This includes understanding debt repayment capacity and investment appraisal. Using this knowledge, learners can assess the likelihood of future financial success.

Learning Outcomes

1. Understand the micro- and macro- economic factors that affect business
2. Understand the business environment’s impact on financial accounting;
3. Develop mathematical skills required for financial accounting;
4. Understand and prepare financial accounts;
5. Understand the purpose of and use management accounting techniques
6. Understand the role of leadership and management in accounting

What you’ll learn

Level 5 Diploma in Accounting and Finance

 Course Overview

 The aim of the Level 5 (Second Year Degree) Diploma in Accounting and Finance is to provide learners with an understanding of management accounting and finance and their role in business. Learners will develop practical skills for a career in managing business finances.

Successful completion of the Level 5 Diploma in Accounting and Finance provides learners with the opportunity to progress to further study or employment.

Units

• Financial Management
• Financial Planning and Control
• Financial Reporting
• Principles and Practices of Taxation
• Management of People
• Ethics and Corporate Responsibility in Business

Learning Outcomes

1. Financial theories and working capital management and the management of an organisation’s global financial risk;
2. Corporate governance relating to financial planning and control, the economic and financial environment in general and potential investment appraisal;
3. Organizational business assets management and the preparation of financial reports;
4. The principles of taxation and the requirements of personal and business tax;
5. People management in organizations throughout the human resources (HR) cycle;
6. Corporate Social Responsibility (CSR) in business.