Accounting - Level 1

Course details

Accounting - Level 1

Accounting - Level 1 Endorsed Certificate of achievement.
Accounting, begin your journey towards an exciting career in professional Accounting with this entry-level Accounting Basics Level 1 course. With no prior experience or expertise required, study in your own time and at your own pace for a endorsed Accounting - Level 1. If looking to take your career prospects to a higher level starting right now, CPD Courses is here to help!
Across both public and private sectors alike, accurate Accounting is of universal importance. Irrespective of the size, type or nature of the business, accounts and finances need to be flawlessly managed. Even if the business in question is a non-profit organization, consistent Accounting and financial management are mandatory. Just as quality accountancy can directly contribute to stronger financial performance, substandard accountancy can cause even the largest organisations to fail. Which is why, those who develop advanced accountancy skills are considered to be assets of priceless value by employers and business owners worldwide.
This foundation-level Certificate in Accounting Basics is designed to lay the groundwork upon which to begin building a rewarding career in Accounting. Whether looking to continue studying at a more advanced level, pursue an entry-level Accounting position or further an existing career, this endorsed course could make all the difference.
With the commitment of your own personally-assigned tutor and the CPD Courses support team, the Accounting career of your dreams could be right at your fingertips!

Course Outline

This introductory Level 1 Accounting Basics Certificate is delivered over the course of three insightful modules - each concluding with an online assessment to verify your acquired knowledge and competencies. Your assigned tutor will provide you with comprehensive support at all times, in order to assist with your successful completion of each unit.

Unit 1 - An Overview of Accounting

This unit covers the following key topics:

• Accounting and Finance
• Accounting
• Objectives of Accounting
• Scope of Accounting
• Functions of Accounting
• Advantages of Accounting
• Limitations of Accounting
• Evolution of Modern Accounting
• Branches of Accounting
• Modern View of Accounting
• Accounting Cycle
• Plus more

Unit 2 - What does an Accountant do

This unit covers the following key topics:

• Role of an Accountant
• Methods of Accounting
• Debit and Credit
• Types of Accounts
• Distinction between Book-Keeping and Accounting
• Organisation for Accounting and Finance
• Bases of Accounting
• Accounting Terminology
• Plus more

Unit 3 - Key Financial Reports

This unit covers the following key topics:

• The Income Statement
• Sample Income Statement
• The Balance Sheet
• Sample Balance Sheet
• The Cash Flow Statement
• Statement of Retained Earnings
• Keeping Score
• Single vs. Double Entry Accounting
• A Review of Financial Terms
• Understanding Debits and Credits
• Working with Debits and Credits
• Plus more

Updated on 20 April, 2021