Level 4 Diploma in Accounting & Finance

Course details

An understanding of the basic principles underlying the recording of business transactions; The ability to prepare and interpret accounts for sole traders, partnerships, non-trading organisations, limited companies and groups of companies in accordance with basic accounting conversions and current accounting practice;

Topic Areas

• Levels 1,2 and 3 revisited
• Valuations of stocks and long term contracts
• Companies
• Accounting for groups of companies and complex issues in company accounting
• Cash flow statements (FRS 1 revisited)
• Budgetary control
• Concepts and accounting frameworks
• Analysis of business and opportunities, involving non-numerical techniques
• Users of accounts
• Investment accounts
• Auditing

Compulsory Subjects

The aim of this qualification is to develop the skills and knowledge required by candidates to integrate economic theory within and accounting context. The qualification will introduce candidates to the principles of micro and macro economics, and provide them with economic concepts and theory that can be applied to business activity.

• The economic problem and different economic systems
• The ways in which markets operate
• Costs and revenues and profits in the short and long run
• Market structures
• Macro-economic objectives
• International trade

Business Statistics (Level 3)

The aims of this syllabus are to enable candidate4s to develop a knowledge and understanding of more advanced statistics techniques and the ability to apply this knowledge as well as understanding in solving business problems.

Topic Areas

• Graphical and Survey Methodology
• Measures & Dispersion, Skewness
• Coefficient, Correlation and Regression
• Index and Time Series
• Probability and Normal Distribution
• Significance Test & Error Types
• Confidence Intervals, Chi Square
• Quality Control

And any one of the following subjects

The Legal Enviornement (Level 4)

A broad understanding of the legal implications of problems and situations commonly faced in business; The ability to apply legal principles to the solution; An understanding of the law regulating professional practice;

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Topic Areas

• Outline of the English Legal System
• Contract
• Tort of Negligence
• Agency
• Partnership
• Company Law

Business Finance and Banking Operations (Level 4)

The aim of this qualification is to develop the skills and knowledge required for candidates to apply a range of investment and financing options which support business decision making. Candidates will be able to make recommendations to their techniques, and be able to perform a cost benefit analysis to support their recommendations.

1. Commercial finance methods
2. Investment options
3. The financial markets
4. A commercial banking structure and operations

Entry Requirements

Minimum Age

16 yearse old

Academic Qualificaitons

Secondary education with basic accounts knowledge. Candidates should also be numerate and be able to carry out arithmetical calculations.

Proficiency Level

English equivalent to the LCCI level 2 English for Business

Course Outcomes

Diploma

Awarding Body

LCCI International Qualifications